In a fast-changing world where everything happens at the click of a button or a tap on a screen, customers constantly seek convenience-moving providers to enhance their product experience.
Technology has entered almost every industry, including food, health, education, science, business, etc.
And not very far behind is our primary and most important sector, the banking sector.
The banking sector, with its fast-paced and desired quality service, caters to a broader audience. In the process, the sector must secure its every service offering and multiple confidential transactions.
The dawn of digitalization proved crucial for enhancing the banking industry’s services but fatal, too.
Security continues to a primary concern while banking especially in this digital world!
It takes a reliable brand and a concrete security firewall to make individuals believe their financials are safe.
While many technologies have improved banking facilities over the years, the powerful combination of DevOps and security integration, DevSecOps, has been extremely helpful to this industry. Here’s how!
How DevSecops Makes Secured Banking?
Most bankers prefer predictability over agility in software delivery. However, for a bank to evolve with time, it should move from separately managing independent applications, information security, and operations departments to bringing them together to respond to change more quickly.
It is important to note that banks definitely need the DevSecOps push to be future-ready brands that can respond to change while maintaining security.
As crucial as DevOps collaboration and synchrony are, information security also plays an important role in creating applications for banks.
DevSecOps integrates security into every step of the development process. With the speed of release cycles reducing software deployment to mere days, it becomes even more crucial to include and automate security.
Hence, future-ready banks include security from the beginning and throughout the process.
When discussing banking, we no longer picture a building with designated departments, long queues, and waiting numbers.
Technology has made banking a smartphone experience, and that’s exactly why pinpoint security is also needed.
What’s next?
The future of banking depends on its ability to evolve with technology and apply best practices such as DevSecOps.
For this, every key stakeholder within an organization should be ready for technological adoption and implementation, without which a bank will fail to maintain ground and customer trust.
A futuristic bank will be successful only through the interdependence of its people, processes, and technologies to build an ecosystem of security, trust, and reliance.
DevSecOps Poised for Growth
With the growing demand for DevSecOps, its market size is projected to grow from USD 1.5 billion in 2018 to USD 5.9 billion in 2023 at a Compound Annual Growth Rate (CAGR) of 31.2 percent during the forecast period.
This trend is driven by the increased demand for secure apps, primarily focusing on security and compliance.
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