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


Infrastructure-As-Code: The Roadmap to Agile Digital Transformation

December 12, 2023


Looking for low-cost, agile digital transformation solutions? Discover how Infrastructure-as-Code can refine processes and CX for the finance sector.

The BFSI (banking, financial services, and insurance) sector is infamous for being among the first to adopt disruptive technologies. The digital age of convenience, speed, and customer-centricity is the by-product of the industry’s proactive approach to driving innovation and leveraging it.

According to Global Market Insights, a market research and strategy consulting giant, the global Infrastructure-as-Code (IaC) market is projected to expand at a CAGR of 25% between 2023 and 2030 to reach $3.5 billion by the end of the forecast period. The report also reveals that the BFSI segment is the second highest user of IaC, after the IT and telecom sectors. The demand for enhanced security and robust operations across the digital global financial space is one of the key growth drivers of IaC. So, how does IaC facilitate and expedite agile digital transformation for financial institutions. Read on.

Benefits of Infrastructure-as-Code

Enterprise-Grade Low-Code Development

IaC has revolutionized DevOps. Reduced risk, swift design, and rapid delivery are no longer challenges, and neither are long and complex development cycles. The teams in the FinTech sector can harness the benefits of AI-powered applications through cloud-based API integrations to innovate at unprecedented speed while ensuring economies of scale. DevOps teams need only define scaling rules. IaC-based applications dynamically scale in response to the workload, optimizing resource utilization in real-time without manual intervention.

Consistent and Cohesive Modular Development

IaC codifies infrastructure provisioning and configuration. Automated replication of environments reduces manual inconsistencies and ensures infrastructural uniformity across development, testing, and production environments, thereby streamlining workflows. Modularity brings multi-year development cycles down to days and API-driven visual development customer-facing elements can be connected with backend processes effortlessly. This accelerates adapting products and technology to business needs without disturbing underlying systems or impacting customer experiences.

Enhanced Collaboration Across Teams

Enhanced transparency ensures elevated accountability, streamlining DevOps. Automated version control eliminates the need for extensive explicit communication while keeping all concerned parties updated on the progress. Traceability and seamless rollback improve conflict resolution and facilitates autonomous team operations. Infrastructure-as-Code, therefore, fosters seamless teamwork and efficient production while enabling swift disaster recovery.

Reduced Risk and Enhanced Security

Standardization and automation across consistent frameworks facilitate compliance and superior governance. Automated cloud-based compliance architecture ensures that the evolving regulatory requirements are consistently met. Front-end binding of security capabilities with data helps quickly iterate regulatory and compliance protocols, optimizing change management and roll-out. Complete traceability and transparency facilitate auditing, making it more accessible.

IaC platforms rigorously test all potential vulnerabilities to reduce the risk of creating new security loopholes. Unauthorized changes are restricted while all authorized modifications are logged. Additionally, IaC encourages comprehensive testing practices by validating infrastructure code through well-defined testing frameworks. This helps in the easy identification of issues and reduces deployment errors.

Identifying the Best Infrastructure-as-Code Tools

A critical aspect of any technology adoption initiative is to identify the most suitable and efficient tool. Here’s what you should look for while adopting an IaC system.

  • The interface should be scriptable to align with business requirements and ensure flexibility of the IaC environment.
  • Different and loosely-coupled data pipelines should be defined to instill flexibility and reduce the impact of security breaches.
  • The IaC should be able to provision for unattended runs. These include automated parameterization, implementing pre- and post-execution checks, error logging, and ensuring idempotency.
  • The best IaC platform provisions for external configuration storage rather than on-premise to simplify the sharing and management of data.

Remember that to take full advantage of IaC, it should enable repeatability, testability, reliability, flexibility, and traceability while facilitating continued integration and continued delivery (CI/CD).

Strategic Implementation IaC Grants a Competitive Edge

IT consolidation is pivotal to unlocking and sustaining efficiency and agility. IaC helps businesses capitalize on the benefits of AI and other disruptive technologies without the company having to overhaul its entire technological infrastructure.

In the words of  “A platform that is not resilient is not acceptable in the financial services industry.”

In the age of digitization, serving a global clientele, and managing the corresponding technological infrastructure can be challenging for small- and medium-sized banks, FinTechs, and credit unions. Additionally, IaC requires skill and mindset development to implement the collaborative approach through industry best practices.

Best Practices to Maximize IaC ROI
Maintain a single source of truth to ensure consistency.
Leverage version control using container technology to optimize operations.
Thoroughly test and consistently monitor configurations.
Partner with an experienced services provider.
Codify as much as possible, preferably everything except documentation.
Scale with modularity through a shareable codebase.

Wrapping Up

Adopting Infrastructure-as-Code allows financial institutions to build resilience by automating security and compliance while enhancing the flexibility and scalability of the infrastructure. End-to-end configurability helps optimize operations, refine processes, and elevate customer experiences. IaC can be used for customer-facing applications, optimizing internal processes, or revolutionizing product offerings. The result is reduced costs, expedited development, lower scope for error, and improved security and risk management.

Opus Technologies’ infrastructure management services help eliminate overprovisioning and underutilization, reducing resource wastage and costs. The experts at Opus are adept at helping standardize infrastructure components and instill consistency across modules to reduce vulnerabilities and develop friction-free development processes. Contact the Opus experts to learn how IaC can be instrumentalized in accelerating the agile digital transformation of your organization.

OPUS Organization First letter in white color

Team Opus

We’re giving you a fresh dose of insights, perspectives and the latest trends from the world of payments.

Join our mailing list to be the first to know about industry news, Opus updates & upcoming events

    Please read our Privacy Notice to know how we protect personal data