Nominations for the 2016 MongoDB Masters Program are Open

We’re excited to announce that nominations for membership in next year's MongoDB Masters program are now open. New members will be announced in June and will be invited to participate in the MongoDB Masters Summit held before MongoDB World.

What is the MongoDB Masters program?

The Masters program is a special effort to gather a group of experts outside of MongoDB for the sake of sharing knowledge, educating other users, and serving as leaders in our community. The folks we're looking to attract have both real world experience with MongoDB and exceptional expertise within their domain.

How will Masters be chosen?

MongoDB Masters are our best community advocates and MongoDB experts. This year we will be choosing MongoDB Masters based on their work in the Advocacy Hub.

What is the MongoDB Advocacy Hub?

Advocacy Hub is a portal designed to engage our most enthusiastic users in a personal fashion. The Hub is a place where they can learn more about MongoDB but also increase technical skills and understanding. Members of the Hub, who we call Giants, complete challenges and earn points for participating in the community. We’ve already seen a great amount of interest in the short time since its launch. This year, we are using the hub to identify and reward our best advocates, and put new candidates on the path towards becoming a Master.

Anyone in the MongoDB Community can join the Advocacy Hub through our open sign up. Those who excel on the Hub will become contenders for the MongoDB Masters Program.

Nominations

You can nominate a MongoDB Master by joining the Advocacy Hub and completing the “Nominate a Master” challenge. You can nominate yourself if you’d like to be a Master. It will only take you 3 minutes. Once you’re done, have a peek around and see the other technical challenges that you can complete to learn more about MongoDB.

We look forward to seeing your nominations!

Community participation provides us with the feedback required to make our product better, for users to share experiences, and for the expansion of knowledge and expertise around MongoDB. We’re looking forward to seeing your nominations and announcing the next Masters!

Become an active member of our community.
Join the Advocacy Hub

About the Author - Bryan Reinero

Bryan is US Developer Advocate at MongoDB fostering understanding and engagement in the community. Previously Bryan was a Senior Consulting Engineer at MongoDB, helping users optimize MongoDB for scale and performance and a contributor to the Java Driver for MongoDB.

Earlier, Bryan was Software Engineering Manager at Valueclick, building and managing large scale marketing applications for advertising, retargeting, real-time bidding and campaign optimization. Earlier still, Bryan specialized in software for embedded systems at Ricoh Corporation and developed data analysis and signal processing software at the Experimental Physics Branch of Ames Research Center.

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The Future of Big Data Architecture

The big data problem It is probably apparent to everyone reading that data is growing at enormous rates. There is extremely valuable insight that can be found in this data if harnessed effectively, and traditional technologies, many initially designed 40 years ago like RDBMSs, are not sufficient for creating the business value promised by the “Big Data” hype. A common example in using Big Data technology is for “Single View of the Customer” – aggregating everything you know about a customer in order to optimize your engagement and revenue with them, e.g. determining exactly what promotions to send them via which channel and when.

January 13, 2016
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Accelerating to T+1 - Have You Got the Speed and Agility Required to Meet the Deadline?

On May 28, 2024, the Securities and Exchange Commission (SEC) will implement a move to a T+1 settlement for standard securities trades , shortening the settlement period from 2 business days after the trade date to one business day. The change aims to address market volatility and reduce credit and settlement risk. The shortened T+1 settlement cycle can potentially decrease market risks, but most firms' current back-office operations cannot handle this change. This is due to several challenges with existing systems, including: Manual processes will be under pressure due to the shortened settlement cycle Batch data processing will not be feasible To prepare for T+1, firms should take urgent action to address these challenges: Automate manual processes to streamline them and improve operational efficiency Event-based real-time processing should replace batch processing for faster settlement In this blog, we will explore how MongoDB can be leveraged to accelerate manual process automation and replace batch processes to enable faster settlement. What is a T+1 and T+2 settlement? T+1 settlement refers to the practice of settling transactions executed before 4:30pm on the following trading day. For example, if a transaction is executed on Monday before 4:30 pm, the settlement will occur on Tuesday. This settlement process involves the transfer of securities and/or funds from the seller's account to the buyer's account. This contrasts with the T+2 settlement, where trades are settled two trading days after the trade date. According to SEC Chair Gary Gensler , “T+1 is designed to benefit investors and reduce the credit, market, and liquidity risks in securities transactions faced by market participants.” Overcoming T+1 transition challenges with MongoDB: Two unique solutions 1. The multi-cloud developer data platform accelerates manual process automation Legacy settlement systems may involve manual intervention for various tasks, including manual matching of trades, manual input of settlement instructions, allocation emails to brokers, reconciliation of trade and settlement details, and manual processing of paper-based documents. These manual processes can be time-consuming and prone to errors. MongoDB (Figure 1 below) can help accelerate developer productivity in several ways: Easy to use: MongoDB is designed to be easy to use, which can reduce the learning curve for developers who are new to the database. Flexible data model: Allows developers to store data in a way that makes sense for their application. This can help accelerate development by reducing the need for complex data transformations or ORM mapping. Scalability: MongoDB is highly scalable , which means it can handle large volumes of trade data and support high levels of concurrency. Rich query language: Allows developers to perform complex queries without writing much code. MongoDB's Apache Lucene-based search can also help screen large volumes of data against sanctions and watch lists in real-time. Figure 1: MongoDB's developer data platform Discover the developer productivity calculator . Developers spend 42% of their work week on maintenance and technical debt. How much does this cost your organization? Calculate how much you can save by working with MongoDB. 2. An operational trade store to replace slow batch processing Back-office technology teams face numerous challenges when consolidating transaction data due to the complexity of legacy batch ETL and integration jobs. Legacy databases have long been the industry standard but are not optimal for post-trade management due to limitations such as rigid schema, difficulty in horizontal scaling, and slow performance. For T+1 settlement, it is crucial to have real-time availability of consolidated positions across assets, geographies, and business lines. It is important to note that the end of the batch cycle will not meet this requirement. As a solution, MongoDB customers use an operational trade data store (ODS) to overcome these challenges for real-time data sharing. By using an ODS, financial firms can improve their operational efficiency by consolidating transaction data in real-time. This allows them to streamline their back-office operations, reduce the complexity of ETL and integration processes, and avoid the limitations of relational databases. As a result, firms can make faster, more informed decisions and gain a competitive edge in the market. Using MongoDB (Figure 2 below), trade desk data is copied into an ODS in real-time through change data capture (CDC), creating a centralized trade store that acts as a live source for downstream trade settlement and compliance systems. This enables faster settlement times, improves data quality and accuracy, and supports full transactionality. As the ODS evolves, it becomes a "system of record/golden source" for many back office and middle office applications, and powers AI/ML-based real-time fraud prevention applications and settlement risk failure systems. Figure 2: Centralized Trade Data Store (ODS) Managing trade settlement risk failure is critical in driving efficiency across the entire securities market ecosystem. Luckily, MongoDB integration capabilities (Figure 3 below) with modern AI and ML platforms enable banks to develop AI/ML models that make managing potential trade settlement fails much more efficient from a cost, time, and quality perspective. Additionally, predictive analytics allow firms to project availability and demand and optimize inventories for lending and borrowing. Figure 3: Event-driven application for real time monitoring Summary Financial institutions face significant challenges in reducing settlement duration from two business days (T+2) to one (T+1), particularly when it comes to addressing the existing back-office issues. However, it's crucial for them to achieve this goal within a year as required by the SEC. This blog highlights how MongoDB's developer data platform can help financial institutions automate manual processes and adopt a best practice approach to replace batch processes with a real-time data store repository (ODS). With the help of MongoDB's developer data platform and best practices, financial institutions can achieve operational excellence and meet the SEC's T+1 settlement deadline on May 28, 2024. In the event of T+0 settlement cycles becoming a reality, institutions with the most flexible data platform will be better equipped to adjust. Top banks in the industry are already adopting MongoDB's developer data platform to modernize their infrastructure, leading to reduced time-to-market, lower total cost of ownership, and improved developer productivity. Looking to learn more about how you can modernize or what MongoDB can do for you? Zero downtime migrations using MongoDB’s flexible schema Accelerate your digital transformation with these 5 Phases of Banking Modernization Reduce time-to-market for your customer lifecycle management applications MongoDB’s financial services hub

May 25, 2023