Brad Bailey, research director with research and advisory firm Celent, says financial institutions in wholesale, capital markets, and financial services have asked if they can use low code to build robust systems that meet their requirements. He wrote a case study on ING’s use of low code through the Genesis platform and says security is a core priority for a financial institution that makes use of such resources.

“Everything has to be ultra-secure in this environment,” Bailey says. “Then it’s the integration with all the systems -- what are the APIs that you have? How are you processing the data? How are you connecting and creating the marketplace?”

What is needed around such technical needs, he says, is compliance, data lineage and permissioning. “That gets into a lot of the regulatory mandates that we’ve seen, like GDPR (General Data Protection Regulation), where you really have to have that,” Bailey says.