Given the increasing complexity of regulatory requirements in the banking industry, how can an industry professional balance the need for system stability with the drive for innovation in architecture?

Balancing system stability with architectural innovation requires a thoughtful strategy in the banking sector. On the one hand, increasingly complex regulatory requirements impose strict security, compliance, and operational resilience standards. However, the drive for innovation, fueled by technological evolution and customer expectations, is essential for maintaining competitiveness and improving efficiency.

An industry professional can adopt a hybrid approach by implementing modular and scalable architectures, such as microservices and APIs, which allow for the stability of the core system while introducing new functionalities in a controlled manner.

Managing the complexity holistically requires an overarching structure that defines rules rather than operational flows, which can be the output of these rules. An innovative and scalable declarative model is the DTO (Digital Twin of an Organization).

First, we need to understand why these regulations exist, whether in the financial world, the pharmaceutical industry, the medical field, or manufacturing. Ultimately, the customer is at the center of it all. Regulations are designed for the benefit of the customers, and complying with them is essential for long-term success.

In my opinion, it is crucial to involve compliance personnel in the development process. Discuss with them whether the solutions being developed meet compliance needs.

I also support regular compliance training for all employees. Often, lower-level employees may not fully understand the compliance requirements. Quarterly or biannual training sessions and compliance workshops are essential.