👉 Banks' engineering refers to the advanced technological and computational infrastructure that enables banks to efficiently manage their operations, deliver innovative financial services, and maintain robust security. This encompasses a wide range of systems, including cloud computing platforms, big data analytics tools, artificial intelligence (AI) and machine learning algorithms, blockchain technology for secure transactions, and sophisticated cybersecurity measures to protect against fraud and cyber threats. Banks also invest heavily in developing their own software and applications, often referred to as "banking-as-a-service" (BaaS), which allows them to offer customized solutions and streamline processes. Furthermore, banks' engineering includes the development of mobile banking platforms, online trading systems, and real-time transaction processing capabilities, all designed to enhance customer experience, reduce operational costs, and ensure compliance with regulatory requirements.
