AI-Driven Enrichment, Application-Driven Analytics, and more.
The payment industry is experiencing a revolutionary shift, with traditional transaction timelines reduced from days to seconds. As a result, the demand for instant payments has prompted these institutions to reassess their innovation priorities and shift their focus towards the underlying data infrastructure that powers these lightning-fast transactions.
This white paper explores the critical role played by MongoDB as the fundamental data foundation for instant payment processing, exploring the following:
- How financial institutions are transforming their underlying instant payment technologies and the benefits of instant payments such as improved liquidity, enhanced visibility and more
- A comprehensive seven-step payment process that demonstrates how MongoDB seamlessly integrates into the realm of instant payments
- The benefits of using MongoDB as the underlying technology for efficient and reliable payment processing
- MongoDB’s instant payment capabilities that include data enrichment, application-driven analytics, mobile-first and always-on functionality, as well as an API-driven approach for seamless integration