Explore the challenges and solutions in creating a revolutionary banking backend in this 52-minute conference talk from Devoxx. Dive into Revolut's journey of disrupting finance, led by co-founder and CTO Vlad Yatsenko. Learn about the obstacles faced when building a new banking system, the mistakes made along the way, and how Revolut scaled their solution to serve over 4 million users. Discover insights on various topics including the rise of FinTech, the purpose of banks, monitoring techniques, microservices architecture, currency complexity, money laundering prevention, and machine learning applications. Gain valuable knowledge on agile processes, problem-solving approaches, and managing technical debt in the fast-paced world of modern banking technology.
Anyone Can Build a Bank - Creating a New Banking Backend
Overview
Syllabus
Introduction
What is a bank
Rise of FinTech
Purpose of the bank
Business of banks
Banking today
How we see it
Our purpose
Banks today
About Revolut
Currently serving 5 million users
Currently serving 90 applications
How all this simple
The MVP
Monitoring
correctness
example
extract method
stable solution
Warren Buffett quote
Virtual eyes
Free cancellation
No SQL processing
Scrollable statements
Final processed standing
Jupyter
Lucas Adder
Currencies
Currency Complexity
Service Spaghetti
Service Injection
Service Management
Microservices
React
Money Laundering
Twosided problem
Machine learning
Culture
Principles
Agile process
Problem vs solution
Peer reviews
Solving the problem first
Conclusion
Technical debt
Taught by
Devoxx
