Describe microservices architecture for a wealth management app

Question

Accepted Answer

Microservices architecture for a wealth management app involves breaking down the application into smaller, independent services.

Each microservice focuses on a specific business function, such as client onboarding, portfolio management, or reporting.
Services communicate through APIs, allowing for flexibility and scalability.
Each microservice can be developed, deployed, and scaled independently, leading to faster development cycles and easier maintenance.
Microservices architecture enables teams to work on different services simultaneously, promoting agility and innovation.
Examples of microservices in a wealth management app could include a client information service, a transaction processing service, and a risk assessment service.

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