Banking Research & Consulting | TABInsights

Transitioning to modern IT Infrastructure

Transitioning to microservices and multi-cloud technology

May 2024
USD 100

Rapid industry shifts and growing customer demands drive banks like Axis to enhance their technological frameworks. As competition with advanced digital entities intensifies, banks must quickly adapt, ensuring scalable infrastructures for rising digital transactions. Despite these efforts, many still battle outdated systems. Axis Bank has notably modernised its technology to support expanding services and tackle high volumes of smaller transactions, particularly in rural areas through its 'Bharat Banking' initiative.
The case study provides an analysis of Axis Banks pivot from legacy infrastructure to adopt a modern architecture based on microservices and kubernetes, using OpenShift, an advanced open-source technology designed for enterprise use.

Survey date:
May 2024
The file is directly delivered into your account provided soon after online payment is received. The file contains one document in a pdf format (11 pages).

The report includes:
1. Axis Bank’s business requirements
2. The problem: legacy infrastructure impedes scaling potential, agility and experience
3.The solution: modern architecture
4. Business impact
5. Building competitive strength and addressing key challenges during the transition

  • 1. Axis Bank’s financial performance in India
  • 2. Business requirements and business objective
  • 3. Technology challenges and imperatives
  • 4. Modern architecture
  • 5. Business impact: Notable operational advantages and digital scale
  • 6. Operational impact of modernisation for Axis Bank
  • 7. Security features and impact from the transformation    
  • 8. Cloud first approach by Axis Bank    
  • 9. Future plans by Axis Bank
  • Senior executives in the banking and financial services sector interested in digital transformation and technology upgrades.
  • IT and technology leaders looking for proven strategies to overhaul legacy systems with modern architectures such as microservices and Kubernetes.
  • Decision-makers in banks focusing on expanding into rural or semi-urban markets who need robust systems for handling high volumes of low-value transactions.
  • Professionals in charge of strategic planning or innovation within banks that are considering integrating open-source technologies like OpenShift for enterprise use.
  • Financial technology vendors and service providers aiming to understand the needs of banking clients and tailor their offerings accordingly.

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