Building and expanding the IT system of a bank or a financial institution is never a simple task. That large, multi-layers eco-system must be able to be constantly extended and add new services, including in-house services, interbank services, or third-party services. It requires high flexibility in integration and customization, allowing rapid development, deployment, and testing, and sharing or moving data from/to the core banking components or other services in the system. Microservices are well suited for that need. However, we need efficient platforms to help.

Sunteco Cloud wells support building micro-service architecture of big systems like banking or Financial. It includes micro-services communication, micro-service integration services, micro-service run-time (container) instances orchestrator, managed scalable database and so on.

With Sunteco Cloud, you don’t need to change the existing system, but you can combine the existing one with Sunteco Cloud as a supplement or companion. Let discover which bank components could be migrated into Sunteco Cloud.

The Internet of Things (IoT) is making the world more innovative and responsive, merging digital and physical universes. Some analysts predict that there will be 41.6 billion connected IoT devices by 2025. In a world of a massive number of connected physical devices such as IoT, what could generate million of events concurrently? The vast amount of data that IoT applications generate could be overhead for data processing components, cause the miss-communication between IoT services or modules, mismatched or slow data analysis, or the unexpected delay in making the “smart” decision.

That is why we should do data processing in the Sunteco Cloud rather than building enormous in-house capacity. Let’s discover how we could use Sunteco Cloud Elements in IoT Architecture.

Blockchain is an important trend today. A blockchain system is a chain of blocks that contain specific information (database), but securely and genuinely, that is grouped in a network (peer-to-peer). Blockchain enables a lot of benefits. It gains the trust of different entities. It’s a decentralized structure when there is no central actor who can independently change the information and remove fraud and unauthorized activity. It guarantees immutability, which means that once recorded on the blockchain, the transactions can’t be changed or deleted. Additionally, data on the blockchain is stored across a network of nodes, making it nearly impossible to be attacked.

In order to build a blockchain system, the problem is not only with blockchain technology or the business that you applied blockchain to. Whether it is a private or public blockchain system, the scalability of the blockchain is the main concern. Currently, many companies are still researching to increase scalability so they can handle more data, more users, more transactions per second, get lower transaction latency. You will need a flexible platform with ready-made and optimized support components that will allow you to develop scalable solutions easily on it. Let’s discover how Sunteco Cloud supports this.