HSBC Securities Arm ‘Strangles’ Legacy Tech with API Wrapper
The securities services business has embarked on an API strategy to offload its legacy tech and produce better connected products.
HSBC Securities Services (HSS) is using a technique called the “strangler pattern” to modernize its technology stack and unravel some of its legacy estate.
The design pattern, first proposed by software developer Martin Fowler in 2004, is based on the analogy of a parasitic strangler fig tree, which survives by surrounding and living off other trees for many years until it strangles its host to death.
Pleasant, right?
Translating this into tech terms, HSBC is wrapping HSS’s legacy platforms
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