Bankloch

1. The IoT hype We have all heard about the   "Internet of Things" (IoT)   as this revolutionary new technology, which will radically change our lives. But is it really such a revolution and will it really have an impact on the Financial Services Industry? To refresh our memory, the Internet of Things (IoT) refers to any   object , which is able to   collect data and communicate and share this information (like condition, geolocation…​)   over the internet . This communication will often occur between 2 objects (i.e. not involving any human), which is often referred to as Machine-to-Machine (M2M) communication. Well known examples are home thermostats, home security systems, fitness and health monitors, wearables…​ This all seems futuristic, but   smartphones, tablets and smartwatches   can also be considered as IoT devices. More importantly, beside these futuristic visions of IoT, the smartphone will most likely continue to be the center of the connected devi

1. Introduction Microservices are the   new hot trend in the application architecture landscape . Like SOA (Service Oriented Architecture) and cloud a few years ago, "microservices" is the buzzword used by marketeers to position their solution as cutting-edge technology. The concept of microservices is however not new. Leading technology companies, like Google, Amazon and Facebook, have already migrated from a monolithic to a   microservice based architecture (MSA)   for over a decade, and more recently companies like Netflix, eBay, Twitter and PayPal have also evolved. Their track record with this architecture is impressive, e.g. Netflix is responsible for about 30% of the internet traffic and handles about one billion calls per day from 800 different types of devices. Unfortunately,   finding a good definition for the term "microservice" appears to be extremely hard . When going back to the basics, a microservice based architecture is the same as a SOA