Cloud-native data platforms in banking: A catalyst for digital financial services

Nagarakanti, Rajeeva Chandra (2025) Cloud-native data platforms in banking: A catalyst for digital financial services. World Journal of Advanced Research and Reviews, 26 (2). pp. 1191-1204. ISSN 2581-9615

The banking industry is experiencing a profound digital revolution with cloud-native technologies serving as the cornerstone of this transformation. Traditional financial institutions are abandoning monolithic systems in favor of agile cloud-native architectures that enable faster market response, enhanced customer experiences, and operational resilience. This article explores how cloud-native data platforms are reshaping the banking landscape through microservices architecture, containerization, event-driven systems, and comprehensive API management. The adoption of these technologies enables banks to deliver seamless digital experiences, implement sophisticated AI-powered services, participate in broader financial ecosystems, and maintain continuous operations during disruptions while navigating complex regulatory environments. The journey requires organizational restructuring, integration with legacy systems, and robust data governance frameworks, but banks that successfully implement these platforms gain significant competitive advantages in customer engagement, operational efficiency, and innovation capabilities.