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The Guardian - UK
The Guardian - UK
Alison Coleman

Increased flexibility and competition: how fintech innovation helps businesses grow

Shot of a woman using a computer in a modern office
Competition for software engineers is fierce, so it’s important to be able to attract and retain talent. Photograph: PeopleImages/Getty Images/iStockphoto

A digital revolution is taking place in the payments space. Banks and financial institutions are investing in digital capabilities to meet the demand for faster, more streamlined and efficient transaction options. And the pace of innovation across the financial services technology industry is making it an exciting sector for software engineers to work in.

Mark Edwards, director of digital payments at Discover Financial Services, a leading digital bank in the US, describes how innovation around payments is being driven by the cloud, API (application programming interface) platforms and other digital solutions. The company, which has an office in Farnborough where much of the payment technology development takes place, recently made the transition from virtual machine-based payment applications to the cloud via the Red Hat OpenShift Container Platform (OCP).

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