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Ramani Balakrishnan

Senior Business Consultant, Mortgage Practice, Banking, Financial Services, and Insurance, TCS

Leveraging microservices to evolve into future-proof enterprises

Falling productivity and rising operational costs are compelling banks to reassess their existing mortgage lending technology architecture and evaluate if it meets evolving business demands. While new technology solutions are available, a crucial question to be answered is whether the existing architecture can accommodate them. While planning mortgage technology revamp, banks will also need to focus on business requirements, existing process operations, and evolving customer expectations. 

In our view, embracing a microservices-based mortgage technology architecture can help. Migrating monoliths to microservices can help decouple mortgage lending services into a collection of function-specific independent services that can then be easily combined as required. While successful adoption of the microservices model will require careful execution to avoid implementation pitfalls, the benefits are many:

  • Higher agility and resilience ensuring faster upgrades

  • Increased efficiency and reduced maintenance and infrastructure costs

  • Flexible customization, higher scalability 


About the author

Ramani Balakrishnan
Balakrishnan is a Domain Consultant in the Transformation Solutions Group (TSG) at Tata Consultancy Services (TCS).