As FinTechs drive digital transformation, delivering highly secure cloud and on-premise solutions with unlimited scalability is becoming critically important for them. Today, the FinTech world is adapting to cloud platforms, SDLCs, and various other web/app development models at pace in order to deliver innovative products, services, and customer experiences. Hence Containers—and specifically Kubernetes— have become the de-facto compute units of modern cloud-native applications to support evolving needs of FinTechs at speed and scale.
Containers are a form of operating system virtualization and the evolving container technology has great potential for FinTechs to modernize their operations and infrastructure while moving to cloud-native development and hybrid, multicloud computing environments. The concept of containerization and process isolation is actually decades old, but the emergence in 2014 of the open-source container orchestration system Kubernetes – originally designed by Google, accelerated the adoption of this technology.
Container orchestration automates the provisioning, deployment, networking, scaling (up and down), health monitoring, and management of containers. It facilitates fast deployment, scaling, and networking of containers in any environment. Container orchestration tools on the other hand work as a framework to manage microservices and architecture at scale. Kubernetes emerged as the right container orchestration tool to support developer agility, modernization and operational efficiencies for FinTech businesses.
While there are many other popular container orchestration platforms like Docker and Mesos, Kubernetes is a clear winner and is equally entertained by large businesses focusing to have a DevOps approach with strong support from all of the major cloud vendors like Microsoft, AWS, Google, etc.