Technology: banks start thinking inside the box

Monolithic capital markets systems are giving way to microservices, containers and APIs

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Box of tricks: firms want easily changeable system components that communicate smoothly

Before the financial crisis, the capital markets technology used by banks was often the brainchild of individual business lines. Back then, the norm was specialised systems tailored to specific asset classes. The resulting systems were monolithic, took months and perhaps years to implement, and were full of interdependencies in functionality.

Now, increasing standardisation and advances in technology are changing this approach. In place of highly customised systems, firms are looking for

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