News!: Opus Technologies Launches FinGeniusAI Solutions – An Open Innovation Platform for Building Future-Ready Solutions.. Know More
News!: Opus Technologies Launches FinGeniusAI Solutions – An Open Innovation Platform for Building Future-Ready Solutions.. Know More

Cloud-Native Application Development

Leading Innovation in FinTech with Cloud-Native Applications

Cloud-native applications have redefined service delivery in FinTech and the banking landscape. Leveraging the concepts of microservices integration, APIs, containerization, serverless architecture, and cloud infrastructure, Opus has enabled large-scale banks to gain a competitive advantage and explore new revenue streams.

Key Challenges Faced by Financial Institutions with Cloud-Native Application Development

Demonstration of Cloud Native App Development
Icon representing right selection

Lack of deep understanding to critically evaluate and choose between different cloud-native strategies, such as new application development, lift-and-shift, rearchitecting, or replacing

Icon showing Complex architecture

Complex integration with existing systems and applications may require careful planning and re-architecting

Icon showing lack of ideas

Lack of talent and skills required for transformation to cloud-native applications, and continued optimization and monitoring to achieve higher efficiency

Icon showing funds for setup and development

Funding the initial set-up and development costs for cloud-native applications, which could be significant due to investment in the latest infrastructure and resources

Icon showing wide range vision

Inability to implement a company-wide vision that effects a cloud-native cultural change

Become a cloud-native leader with expert consulting.

With a laser-sharp focus on customer-centricity, banking and financial institutions are aiming to meet the ever-evolving expectations of their customers with a more personalized and omnichannel experience. Opus’ cloud-native application development services allow banks and service providers to innovate, integrate, and launch at scale. By leveraging cloud-native technologies, CNCF principles, and modern development practices, Opus enables its customers to respond to the market faster.

Our cloud-native application development services include

Icon representing Cloud Application infrastructure

Planning and implementing transformation from monolithic applications to smaller, independent microservices that will enable a financial institution to design, develop, and deploy at scale

Icon representing strike resources

Implementing a serverless architecture to reduce infrastructure costs, improve application performance, and ensure greater scalability

Icon representing Cloud app development

Devising and executing a hybrid cloud strategy that offers the scalability and cost benefits of a public cloud while ensuring greater control over data security and application resources

Icon representing cloud application

Integrating cloud-based applications with existing on-premise systems and data sources to improve operational efficiency and make data accessible across multiple platforms

Opus Offers Transformative Benefits with Cloud-Native Applications

Icon representing innovation ideas

Fosters innovation by allowing banks and service providers to leverage emerging technologies and differentiate customer offerings

Icon representing security and compliance

Enables a higher degree of security and compliance to protect data and applications in the cloud

Icon representing increased growth rate of time to market

Improves time to market with scalable business services that can be developed and deployed at a faster rate through CI/CD and DevOps

Icon representing customer experience with star rating

Enhance user experience with simplified journeys and an increased ability to offer value-added services

Icon representing increased growth rate in app development

Offers business continuity with applications that have high fault tolerance owing to containerization and the Kubernetes approach

Icon showing star rating and cost efficient measures

Delivers a highly scalable, agile, and cost-efficient application service that can handle increased demand without compromising on performance

Icon representing native app develpement

Allows better management and aggregation of data that can be used to analyze customer preferences and offer personalized services

Recommended Resources To Explore

Frequently asked questions

A software application that is designed to leverage the inherent characteristics of a cloud computing architecture is referred to as a cloud-native application. Such applications use a microservices architecture that is stacked together to provide a core application function. Resources are allocated to each microservice with the aim of achieving optimal performance.

Cloud-native architecture is one of the key principles of cloud-native applications. It refers to the process of architecting the application so that it can leverage the unique benefits that the cloud has to offer. Unlike traditional architecture, the cloud-native solution focuses on distributed processing across isolated parts of the application, automating processes, and horizontal scaling.

While both cloud-based and cloud-native applications can run on public, private, and hybrid cloud, they differ in the way they are designed to leverage the core characteristics of cloud. A cloud-native application supports microservices architecture that forms independent and isolated units of business logic and data. These applications are built to scale and allow the upgradation of a single isolated unit without system disruption.

A cloud-native application architecture has the following components: containers, Kubernetes, microservices, service mesh, and DevOps. Containers are standalone packages of software that can be independently deployed as per the user’s needs. Kubernetes is a container management framework that enables the scheduling and maintenance of containers. Microservices are isolated bits of large, monolithic software. Containers consist of microservices, and this configuration enables faster updates as specific services can be fixed instead of the application as a whole. A service mesh is an infrastructure layer that defines how application data is shared. DevOps is a development methodology that defines how to plan, build, and deploy a release.