The Financial Service Industry’s New Competitive Platform

WHITE PAPER

The Financial Service Industry’s New Competitive Platform

By Kevin Webber, Principal Consultant, RedElastic

By Kevin Webber, Principal Consultant, RedElastic and Larry Simon, Managing Director, Inflection Group

About This White Paper

The Financial Services industry has become a much more competitive arena than it was only a decade ago. Technology has become an enabler for even the smallest of startups to directly compete with large institutions across many different product lines. The competition is real, intense, and already causing a major diversion of resources from established organizations into the startup ecosystem.

Over the next decade, this trend will only accelerate.

In this white paper, Kevin Webber and Larry Simon will explore the disruptive power of Reactive technologies in the Financial Services industry and offer specific suggestions on how traditional Financial Services institutions can remain competitive by building applications to retain current customers, attract the next generation of clients, and effectively managing risk with real-time systems, Machine Learning and AI.

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About Author

Kevin Webber, Principal Consultant, RedElastic

Kevin Webber has over 18 years of Java development and architecture experience. Before starting the boutique consulting firm RedElastic in 2016, he was Developer Advocate and Enterprise Architect at Lightbend. He was a popular presenter of Lightbend webinars and is a regular speaker on modern enterprise architecture practices.

About Authors

Kevin Webber, Principal Consultant, RedElastic

Kevin Webber has over 18 years of Java development and architecture experience. Before starting the boutique consulting firm RedElastic in 2016, he was Developer Advocate and Enterprise Architect at Lightbend. He was a popular presenter of Lightbend webinars and is a regular speaker on modern enterprise architecture practices.

Larry Simon, Managing Director, Inflection Group

Larry Simon was an IT Strategy Partner with Ernst & Young and CIO of Capgemini Canada before starting Inflection Group, a consulting company in Toronto focused on the Lightbend platform. He is also the creator and lead instructor of the University of Toronto’s certificate programs in Data Science and AI (which includes training in Scala, Spark and Kafka). He was also deeply helpful as an editor on my upcoming mini-book with O'Reilly. His decades of experience working with FIS clients at all levels, along with coaching brand new Scala/Spark developers through his teachings at U of T, will help us bring great insights to the paper.

About Lightbend

Lightbend (Twitter: @Lightbend) provides the leading Reactive application development platform for building distributed systems. Based on a message-driven runtime, these distributed systems, which include microservices and streaming fast data applications, can effortlessly scale on multi-core and cloud architectures. Many of the most admired brands around the globe are transforming their businesses with our platform, engaging billions of users every day through software that is changing the world. For more information on Lightbend, visit: lightbend.com