Open Banking PTBR

State of the Market Report 2018

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The New Banking Stack Banks are moving towards microservices architectures and are regularly testing new technologies. Around a quarter of banks are committing to open source technologies. How would you describe your company's microservices architecture? (N=63) Use of new technologies 41.3% 28.6% 15.9% 14.3% We are currently developing a few microservices We have microservices in production We are watching the trend We have an internal initiative beginning 26 Reponses 18 Reponses 10 Reponses 9 Reponses Docker/Kubernetes Testing internally (N=61) Using in production (N=57) gRPC OpenID Connect NGINX JSON Web Tokens Other MQ technologies Serverless Kafka Blockchain GraphQL Edge processing 0 10 20 40 30 Banks are currently testing a number of new technologies to assist them reorient towards an open API architecture. 76.2% of survey respondents are currently implementing some facets of microservices in their architecture, while all remaining survey respondents are watching the microservices trend closely. A containerized, microservices architecture is the most widespread design pattern, currently being tested by two-thirds of banking survey respondents (66%). Some of these are continuing to test the possibilities, others are starting to put them into production. 44% of survey respondents have some containerized architecture in production at present. Kafka and message queuing technologies are also being tested amongst almost half of survey respondents, with about a quarter already moving to production use cases. Load balancing technologies like NGINX and serverless are also seeing testing and production-level adoption. While not quite making it to production usage yet, GraphQL is being tested by 21% of survey respondents. 24 State of the Market report 2018

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