Today, there is hardly any business that does not rely on technology and software solutions. By this, we do not only mean products and services but also that the foundation of all businesses consists of software, various applications, and solutions that are, in fact, tools for performing daily tasks. A prime example is email, but today almost every segment of business is digitized and connected to some software and/or analytics. To better illustrate how to build a reliable software system in an unpredictable environment, we will present an example from the banking sector and our own experience.
Conditions for flawless operation
The core of the banking system is the foundation of all business activities of any banking institution. It contains the essence of the business, from client data to all transactions that are conducted. In other words, it is a system that centralizes all necessary information about clients, enabling the operation of products that are further personalized to enhance the user experience and through which all financial and operational activities such as risk management, financial assets, mobile and online payments pass.
Just like other services that banks offer today. This core system can – and must – communicate with other systems around it, such as ATMs, customer service, mobile applications for end-users, many internal records, and tools used by clients, as well as bank employees. Therefore, the core of the banking system is the heart of that financial institution and must quickly resolve all inquiries, whether internal or external.
This leads us to the conclusion that a reliable core, or a reliable software system, is essential for every successful bank. Because of such a core, the bank is functional. A reliable system actually enables the provision of the best user experience, and that is why the entire business is reliable and efficient. A reliable system is one that is simultaneously efficient, financially viable, and easily and quickly accessible. On the other hand, the system must be secure.
In the context of the financial sector, especially when third-party services such as online and digital payment tools are involved, it is a system that must function flawlessly, 24 hours a day, seven days a week. Just like online stores and various other applications that have become part of modern life, which actually have a software core in the background. In caring for such a system, it is crucial to maintain the infrastructure in the full sense of the word so that all its parts work flawlessly at all times. On the other hand, to maintain and improve such a system, it is necessary to ensure the appropriate staff.
Stable external partners
For anyone developing software or introducing new software into business, the key challenge is to create a reliable software system due to the challenges posed by unpredictable conditions in the operational part, which is daily exposed to new disruptions. Service interruptions are very difficult to prevent, although most risks can be assessed and prevented in time, but there are situations that no one can influence. When viewed from the perspective of the development team, especially an external one, it is they who must react quickly and resolve the problem in a very short time, enabling the system to function.
Teams of external partners engaged in maintaining and improving the core of the system are usually composed of people who are very reliable and have been in this business for a long time. This is necessary not only for client satisfaction but also for the overall business, primarily due to the stress that such situations cause employees, as well as financial losses when the business is at a standstill. That is why providers of such services have very stable teams with rich experience in software system development and extensive knowledge of specific business processes, as well as the industry.
In the event of an incident
Since, despite all knowledge and preparations, the operation of the core system sometimes fails, it is important to know how to behave in such a situation. Based on experience, we have learned several key things that could be useful to you regardless of the industry in which you operate. First of all, it is important to be aware that reliability does not stem only from architecture and application but also from knowledge and understanding of how to manage and react when failures occur, that is, when the system crashes.
It is also important to know how to set boundaries around the core (banking) system so that it can handle an incident. One of the key steps in quickly resolving an incident is monitoring and reporting problems. The established English terms are help desk and ticketing. This is a system that will allow thorough tracking of every request and timely reporting on the status, whether it concerns the software or hardware part of the system. If you have a good tool for this, you are already on the right path to setting up maintenance correctly. Various help desk tools are available, but in choosing, it is most important to ensure that the selected ones fit well into your processes and procedures.
