Company
Date Published
Author
David Maitland, EMEA General Manager, Couchbase
Word count
654
Language
English
Hacker News points
None

Summary

Banks and financial institutions are struggling to keep pace with the demand for mobile banking services due to outdated infrastructure that was originally designed for simpler tasks. As customers increasingly use mobile applications multiple times a day, the reliance on old mainframes has led to performance issues and a strain on resources. This has forced banks to focus on maintenance rather than developing new services, risking customer dissatisfaction and potential loss of business. To remain competitive and meet customer expectations, banks must invest in modern infrastructure that can handle dynamic data scaling and ensure consistent performance, allowing them to offer enhanced services and future-proof against the ongoing digital transformation in the financial sector.