Modular Monoliths: Revolutionizing Software Architecture for Efficient Payment Systems in Fintech |
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| © 2023 by IJCTT Journal | ||
| Volume-71 Issue-10 |
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| Year of Publication : 2023 | ||
| Authors : Kalpesh Barde | ||
| DOI : 10.14445/22312803/IJCTT-V71I10P103 | ||
How to Cite?
Kalpesh Barde, "Modular Monoliths: Revolutionizing Software Architecture for Efficient Payment Systems in Fintech," International Journal of Computer Trends and Technology, vol. 71, no. 10, pp. 20-27, 2023. Crossref, https://doi.org/10.14445/22312803/IJCTT-V71I10P103
Abstract
The evolution of software architecture has led to the emergence of various paradigms, including monolithic, microservices, and the lesser-explored modular monolith architecture. This paper delves into the historical development of these architectures, assessing their advantages and limitations, with a specific focus on their application in the fintech domain. Through an in-depth literature review and case studies of organizations like Shopify, Root, and Google, the study evaluates the potential of modular monolith architecture as the primary choice for developing efficient payment systems. By addressing the research gaps in existing studies and comparing modular monoliths with traditional monolithic and microservices architectures, this paper provides valuable insights for software developers, architects, and fintech industry professionals.
Keywords
Software design architecture, Monolithic architecture, Microservices architecture, Modular monolith software architecture, Fintech domain.
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