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Financial Services’ Use of EDA to Migrate to Real-Time
The financial services industry is under great pressure to modernize the services they offer. They face increased competition from nimbler FinTechs, the growing risk from cyber threats and fraud, evolving regulatory requirements, and ever-rising customer demands for highly responsive innovative digital services.
At the heart of all these matters is a need for a cloud platform that can work with events and streaming data while integrating existing applications and systems into new processes and services. Increasingly, financial institutions are moving to cloud-native applications and event-driven architectures (EDAs) to address these issues. Such a cloud platform can position a financial institution to address today’s issues and meet future challenges.
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