Rationalization of Financial Integration Platforms and Migration Strategies

Abstract

The migration from traditional middleware platforms to modern API gateways in the financial sector presents a significant challenge, as it must occur without disrupting critical business operations. Financial institutions rely heavily on middleware for secure, reliable communication between systems, and any disruption could result in severe operational, regulatory, and customer service impacts. This paper discusses the challenges and solutions involved in migrating services to a new API gateway while ensuring no business impact. Strategies include phased migration, parallel running of systems, and effective change management. Additionally, it explores the benefits of this migration in terms of scalability, security, and operational efficiency.