Benefits and Challenges of Serverless Architectures in Financial Applications
DOI:
https://doi.org/10.36676/jrps.v16.i2.54Abstract
Serverless technologies have recently emerged as a transformative solution in the realm of financial applications, promising to redefine how financial services are delivered and managed. This analysis investigates the inherent benefits and challenges associated with adopting serverless architectures in the financial industry. Serverless computing abstracts the underlying infrastructure, allowing developers to focus solely on code and application logic while eliminating server management complexities. This paradigm offers increased scalability, cost efficiency, and accelerated deployment cycles, making it particularly attractive for handling the dynamic workloads characteristic of financial operations. Moreover, the on-demand resource allocation of serverless platforms facilitates optimal utilization of computational power, which is critical for high-frequency trading, risk assessment, and real-time analytics. However, the adoption of serverless architectures in financial applications is not without its challenges.
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