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HomeFeaturedIntroducing automation in Fintech companies - 5 key steps

Introducing automation in Fintech companies – 5 key steps

Automation of infrastructure, software delivery and security is crucial for the Fintech industry to enable faster innovation and higher operational reliability.

But how is the best way to do this when dealing with complex systems, large volumes of sensitive data and rigorous compliance requirements?

Automation plays an important role in minimizing the risk of human error in an environment where regulations and security requirements are strict.

Niclas Karlsson, VP Bank & Fintech at Iver, has gathered some important steps to get started with automation as a Fintech company.

Evaluate current infrastructure and workflows

Start by conducting a thorough review of the current infrastructure, software delivery process and security strategy. Identify repetitive manual processes and other bottlenecks that can be automated, and analyze how security is managed at different levels, from code to network.

Implement Infrastructure as Code (IaC)

To automate infrastructure, you should implement an Infrastructure as Code (IaC) system. Using specific tools, infrastructure can be described in code form, making it easy to create, manage and scale infrastructure automatically. It also ensures that all environments, development, test and production, are consistent and properly documented.

Introduce CI/CD pipelines for automated software delivery

The next step is to automate the software delivery process by implementing Continuous Integration/Continuous Delivery (CI/CD). Here, there are specific tools you can use to integrate, test and deploy new code automatically. Automated tests, including unit tests, integration tests and security tests, should be part of the pipeline to minimize risks.

Integrate security throughout the development process (DevSecOps)

By following DevSecOps principles, security can be built into every stage of software development and delivery. Use automated code review and security testing tools as part of the CI/CD workflow. Automated scans of both code and infrastructure should be performed to detect vulnerabilities early in the development cycle.

Ensure continuous improvement and adaptation

Automation is an ongoing process. It is important to continuously evaluate and improve automation strategies. Regular review of tools, processes and security measures is necessary to adjust and optimize workflows based on technological advances and regulatory changes.

About Iver

Iver is a leading Nordic full-service provider of cloud-based IT services with cutting-edge expertise in operations, cybersecurity, cloud and innovation. Iver helps Fintech companies to effectively get started with automation. The strategy is customized based on specific business needs and the industry’s strict regulations to ensure that processes are scalable, reliable and secure.

NFM Publishing Team
NFM Publishing Team
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