Skip to content
  • About Us
  • Our Services
  • Case Studies
  • Content Hub
  • Events
  • Blog
  • Join Us
  • Contact Us

The State of DevOps in Financial Services

We reached out to IT professionals in financial services to gain a greater understanding of innovation and DevOps in their organization. We received responses from 165 professionals, ranging from engineers to CTOs working at a range of financial services organizations from FinTech startups and investment funds to insurance firms and the biggest global banks.

In this report we answer the following questions:

  • How important is digital innovation to financial services?
  • What's driving digital transformation?
  • How mature are DevOps practices?
  • What role does the cloud play?
  • Are organizations struggling with security and compliance?
  • Is there a skills shortage?
  • Are incumbent enterprises about to be 'eaten' by FinTech SMEs?
  • What do the next few years hold for this rapidly-changing industry?

Top Ten Findings:

1) 57% of companies think that competition from born-in-the-cloud startups is "very much" or "completely" a driver for digital transformation

2) The majority of respondents (58%) rate their DevOps maturity two or three out of five

3) Only 14% of respondents can bring a new software product to market in three months or less

4) The most commonly-cited barriers to rapid software releases are last-minute security tests and regulatory and compliance concerns

5) 33% of applications are hosted in the public cloud

6) The biggest barrier to migrating to the cloud is the lack of leadership/management support

7) Only 13% say that DevOps and cloud are "not at all" viewed as risky in the organization

8) 54% find it "very" or "extremely" difficult to find the right talent

9) 52% of financial services organizations think that born-in-the-cloud startups will take market share from incumbents in the next five years

10) Nearly 70% say that ML, AI and Big Data will be "very" or "extremely" important to their business strategy over the next year

You may unsubscribe from these communications at any time. For more information on how to unsubscribe, our privacy practices, and how we are committed to protecting and respecting your privacy, please review Privacy Policy.