There’s no shortage of innovation in the financial services industry. Financial institutions have always placed a high value on innovation, as demonstrated by their willingness to fund technology-led initiatives. According to Gartner® Research Inc., “Global enterprise IT spending in the banking and investment services market is forecast to increase by 7.7% in 2023 to $666.5 billion in constant US dollars.
Fintech companies operate in a complex technological and regulatory environment. They rely heavily on cloud-native technologies and microservices architectures to handle financial transactions and data, often at a massive scale. To maximize application reliability, fintech companies need full visibility into their software systems and applications. An agile monitoring solution like observability is crucial to improving performance and user experience.