Building mission critical apps at scale: How to remain resilient when growing in the cloud

Sponsored by Cockroach Labs
Thursday 12th October 2023
City Social, Tower 42

The rapid pace of app development, explosive growth in data volume, and the relentless hunt for new customers demands a new set of requirements for FSI professionals and further complicates the already difficult task of scaling mission-critical applications.

To meet modern requirements, market leaders are transforming their clunky legacy systems by using new cloud-based applications and multi-cloud environments that can correctly handle billions of requests per minute and meet needs for speed of delivery, geographic scale, and availability to help FSIs keep the lights on 24/7.

Market volatility has led to increased transaction volumes, and teams must continue to deliver world-class apps and services while facing these pressures. Established FSIs must also contend with increasing levels of competition from challenger digital-first banks, embedded finance from non-financial companies and the rise of ‘Super Apps’, along with regulatory directives including the PRA’s guidance on cloud concentration risk and the EU’s DORA.

To keep up, many are looking to simplify their technology stack and operational complexity wherever possible to focus on the task at hand – improving their apps and services while ensuring the continued satisfaction, retention and expansion of their customer base

This roundtable with senior peers will focus on the key challenges and opportunities for FSIs as they grow and maintain customers, and the impact that has on application development at a critical time for the industry.

Topics for discussion:

· What are the main obstacles in maintaining, upgrading, or building applications in the cloud?
· What are the best methods to adapt to new and accelerating regulations and innovations in the market and how do FSIs adapt their technology to keep up with demand for new customer experience journeys?
· What are the main roadblocks in an FSI’s app development cycle and how could these be removed?
· What are the key challenges for organisations trying to retain and attract new customers whilst moving to the cloud?
· How can FSIs prepare for upcoming regulatory directives including the EU’s DORA and the PRA’s guidance on cloud concentration risk?

Timings for the evening:

18:00 – 18:30            Welcome and refreshments
18:30 – 20:00            Introduction to fellow guests and roundtable discussion
20:00 – onwards       Complimentary three-course dinner