CHAOS ENGINEERING: STRENGTHENING FINANCIAL TRANSACTION SYSTEMS THROUGH CONTROLLED DISRUPTION

Authors

  • Sushant Sood Microsoft, USA Author

Keywords:

Chaos Engineering, Financial System Resilience, Disaster Recovery, Transaction Processing, Risk Management

Abstract

This comprehensive article explores the transformative role of chaos engineering in modern financial services, examining its impact on system resilience, operational stability, and risk management. The article investigates how financial institutions leverage controlled failure testing to enhance disaster recovery capabilities, maintain regulatory compliance, and strengthen customer trust. Through a detailed examination of implementation strategies, market dynamics, and performance metrics, this article demonstrates how chaos engineering has evolved from an experimental approach to an essential framework for building robust financial infrastructure. The article encompasses multiple aspects, including transaction processing improvements, system recovery mechanisms, and the economic benefits of proactive testing methodologies in financial systems.

References

Alex Louwe Kooijmans et al., "Transaction Processing: Past, Present, and Future," IBM Redbooks. Available: https://www.redbooks.ibm.com/redpapers/pdfs/redp4854.pdf

Arfia Aman et al., "Economic policy uncertainty and financial system efficiency," Heliyon, Volume 10, Issue 10, 30 May 2024, e31384. Available: https://www.sciencedirect.com/science/article/pii/S2405844024074152

MarketsandMarkets, "Chaos Engineering Tools Market by Component (Tools and Services), Application, Deployment Mode (Public Cloud and Private Cloud), End User, Vertical (IT & ITeS, BFSI, Telecommunications, and Media & Entertainment) and Region - Global Forecast to 2028." Available: https://www.marketsandmarkets.com/Market-Reports/chaos-engineering-tools-market-261618479.html

Ilknur Koca, "Financial model with chaotic analysis," Results in Physics, Volume 51, August 2023, 106633. Available: https://www.sciencedirect.com/science/article/pii/S2211379723004266

Maria Grosu et al., "Assessing the resilience of the financial market - a multistage approach in the context of the COVID-19 pandemic," Taylor & Francis, 11 Feb 2024. Available: https://www.tandfonline.com/doi/full/10.1080/00128775.2024.2312109

Wang Shaojie et al., "Chaos and complexity in a fractional-order financial system with time delays," Chaos, Solitons & Fractals, Volume 131, February 2020, 109521. Available: https://www.sciencedirect.com/science/article/abs/pii/S0960077919304734

Ian Tivey et al., "Implementing Chaos Engineering & Continuous Compliance for Financial Services," Synechron, November 2019. Available: https://www.synechron.com/sites/default/files/2022-04/Implementing-chaos-engineering-continuous-compliance-for-financial-services.pdf

GeeksforGeeks, "Transaction Recovery in Distributed System," 05 Aug, 2024. Available: https://www.geeksforgeeks.org/transaction-recovery-in-distributed-system/

QualityKiosk Marketing, "Chaos engineering for banks: Blueprint to building digital resilience," October 4, 2023. Available: https://qualitykiosk.com/blog/chaos-engineering-for-banks-blueprint-to-building-digital-resilience/

Ravi Bhushan Konduru and Anil Bahirat, "Ensuring Resilience in the Fintech Eco-system by Introducing Chaos Engineering," Cigniti. Available: https://www.cigniti.com/blog/resilience-fintech-eco-system-chaos-engineering/

Published

2025-02-10

How to Cite

Sushant Sood. (2025). CHAOS ENGINEERING: STRENGTHENING FINANCIAL TRANSACTION SYSTEMS THROUGH CONTROLLED DISRUPTION. INTERNATIONAL JOURNAL OF RESEARCH IN COMPUTER APPLICATIONS AND INFORMATION TECHNOLOGY (IJRCAIT), 8(1), 1946-1957. http://ijrcait.com/index.php/home/article/view/IJRCAIT_08_01_142