How network design can help you keep up with financial service industry trends

March 24th 2024

How network design can help you keep up with financial service industry trends

Advances in networking over recent years have shifted its business role from management by imposition of controls to a new focus on unlocking flexibility and enablement. The support a well-designed network offers an organisation is not just about limiting your network via a selection of controllable connectivity services, but instead should also provide the business with the flexibility needed to react to and take advantage of future opportunities.

Rather than the opacity of the ‘black box’ of a traditional networking set-up, modern network solutions offer visibility and observability. And this is crucial for enabling financial services organisations to power ahead with industry trends in 2024.

Visibility and observability of your network enable flexibility, which in turn gives companies the confidence and predictability to take business risks to pursue challenging strategic goals.

What do we expect to see the financial services industry focusing on in 2024?

Proactive Network Design

The term ‘hybrid cloud’ is often mentioned in the context of infrastructure, and any infrastructure, particularly one that involves multiple providers, should be designed proactively rather than just occurring organically1. This prevents an organisation from going down a path which may not fit their future business objectives —where parts of the business inadvertently become impacted by decisions outside of their control—and helps ensure an efficient network. However, it’s not quite as simple as cloud vs on-prem. We’re seeing a shift towards having an application layer that sits abstracted on the network, which could involve a range of components including cloud, on-prem, machine learning, and edge processing. Your network must provide enough flexibility to support the whole layer, including SaaS, PaaS, and any other components in your technology solution. 

Having infrastructure with the capacity, reliability, and predictability to connect disparate data sources is essential for a growth strategy. With a well-structured network, data can be processed in situ, rather than bringing excessively large amounts of data to a central point for processing. Efficient network design and network operations allow data to be managed in context, and enable geographically dispersed decisions to be made faster.

Address the IT Skills Shortage

Advancement in low code and no code are driving application innovation at a much faster pace than the talent pool can support. It is even more imperative now to proactively design the network for flexibility to mitigate failure due to the technical debt to deliver the connectivity these advances will dictate. The lack of skills necessary to maintain these advancements may limit the pace of change an organisation can sustain. 

By 2026, Gartner predicts ≥80% low-code development tool users will not be IT department based2.

Investment in automation and digitisation are expected to be top priorities for financial services organisations over the next 2 years3


Topics in IT and business that are of interest to consumers—so are grabbing mainstream media headlines—includes generative AI. There’s no doubt that this will feature among financial services strategies1,4 this year. Adapting network infrastructure to accommodate the growing influence of AI within the business is a dynamic process that requires a combination of technical expertise, strategic planning, and a commitment to staying current with emerging technologies. It necessitates a flexible approach in network design supported by a series of controls to ensure performance while maintaining network integrity. Among the key considerations are:

  1. Increased Bandwidth and Speed: AI applications often require significant computational power. As AI models become more complex and datasets grow larger, organisations need to ensure that their networks have sufficient bandwidth and speed to support the increased data transfer and processing requirements.
  2. Edge Computing: To enhance the performance of AI applications and reduce latency, organisations may adopt edge computing. This involves processing data closer to the source (at the edge of the network) rather than relying solely on centralised cloud servers.
  3. Scalability: AI workloads can be dynamic, with fluctuating computational demands. Network infrastructure must be scalable to handle variations in workload without sacrificing performance. Cloud-based solutions and virtualisation technologies can assist in scaling up or down as needed.

Confidence in compliance

Increased complexity of the regulatory environment in financial services is driving growth in regtech4. New tools available for network observability make it easy to continuously demonstrate rigour around data processing, proving real-time compliance with industry regulations and giving confidence in cybersecurity measures.

In Summary

The network of tomorrow will bear little resemblance to your network from just a couple years ago. Network design in the financial industry will require a well thought out plan built upon flexibility - the organic development paths of the past will only serve to hamstring your organisation’s development and reduce your ability to react to changing market demands. This strategic approach will require staff development and acquisition, as traditional skills need to be augmented by a new evolving skill set to support the increasingly diverse influencers from other business functions with the proliferation of low code and no code applications and the influences of Generative AI and regtech. 

With so much change in the years to come, the one thing that remains the same; a well thought out networking strategy enhances an organisation’s competitiveness and ability to thrive in the finance industry.   

To find out more about how to make your network support your business better, give us a call.





Hi. We’re BestPath. The unsung heroes, working quietly and competently behind the scenes to inspire and empower our Fintech clients. Combining curiosity with innovation we deliver agile, secure and trusted network infrastructures that enable Fintechs to deliver exceptional services and outstanding customer experiences. Let’s chat about how we can do just that, for you.