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Managing Digital Transformation Risk in Financial Services

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18 September 2020

Microservices, APIs, and DevOps bring the flexibility and speed needed to power innovative digital offerings, but pose challenges in ensuring the security and reliability of digital infrastructures.

Abstract

It is imperative for financial institutions to stay competitive in digital financial services. Yet digital architectures bring new risks,with complex application chains involving internal and external components; and "beyond the perimeter" cybersecurity vulnerabilities. Advanced application and security management technology is key to mitigating the operational and security risks inherent in modern financial services technology.

This report provides an overview of the technologies underpinning digital financial services, examines the operational and security risks they pose, and suggests technology approaches to manage these risks. The report was commissioned by F5 but the analysis and conclusion are Celent's alone.