Last week, on October 26 we kickstarted our Fintech Breakfast corporate season with a very challenging, yet important topic “Unraveling Fintech Innovation. Microservices vs. Monolith Infrastructure”, powered by Fintech Latvia Association and masters of Digital Transformation – TeraSky.

In the ever-evolving landscape of the fintech industry, the choices made in software architecture strongly impact each and every aspect of the financial product development process. While more traditional financial service providers tend to rely on monolithic architectures, modern fintech startups often use microservices and cloud-native infrastructures for resource optimisation and as part of more efficient go-to-market strategy.

While the main question – if it is the time for fintech to bid farewell to the legacy infrastructure or not, remains unanswered, the panelists from both the fintech and traditional banking side explored the pros and cons of each approach, which led to a very insightful and vigorous discussion. Nonetheless, it is clear that the dynamic fintech market situation pushes players further towards finding more efficient, secure and disruptive technological solutions.

Many thanks to our panelists from Latvia, Lithuania and Portugal:
Justas Krikštaponis, CTO at TeraSky
Ben Goldin, Founder and CEO at Plumery
Jelena Antipova, CTO at VIA SMS Group
Sergejs Viskovskis, CEO and Co-Founder at Indemo.eu
Nora Pastore, Head of Development at Signet Bank

Kudos to the amazing TeraSky team Māris Priekulis and Arkady Rapoport for cooperation in organization of this event and shedding light on how fintechs can benefit from turning to microservices providers!