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Having worked in the industry, most top tier investment banks run on microservices, some for over a decade. Just because microservices is the new buzzword doesn
by simonhorlick 10y ago
Having worked in the industry, most top tier investment banks run on microservices, some for over a decade. Just because microservices is the new buzzword doesn't mean it's suddenly a bad, or risky idea. I don't know about the backend state of modern retail banking, but I'd be surprised if this wasn't also the case.
- collyw 10y agoThe one I used to work for was all heavyweight relational databases. Admittedly this was nearly ten years ago.
- threeseed 10y agoMost enterprises/banks still have their Teradata or Oracle EDW at the heart of the company. It's just that rather than have a single monolithic app in front of it they have broken it up into a suite of smaller, independent services. And many of those services will have their own database which contains a transformed, optimised slice of the total EDW data.
- dx034 10y agoAs far as I know that only applies to some front end system, but not for anything accounting related. Even modern trading and accounting software has a big relational database somewhere to ensure integrity of the inventory. Everything around that (trading models, development, research systems, reporting) can be microservices, but it will all rely on the core system.