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Study: What’s Driving Next-Generation Data Platform Adoption in Financial Services

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MongoDB commissioned Forrester Consulting to conduct a study questioning global IT decision makers at financial services and fintech organizations to evaluate the impact they are experiencing when adopting next-generation data platforms – which have become foundational for financial services to address diverse new workloads and modern applications.

Download the 'What’s Driving Next-Generation Data Platform Adoption in Financial Services' study to learn about organizations’ needs and plans for using next-generation data platforms.

Study highlights:

  • Nearly 90% of respondents say they are using a next-generation platform today, with 51% planning/currently using it for fraud detection, and 46% for risk management/analytics
  • Multi/hybrid cloud is the top feature driving investment
  • High costs and complexity are the top challenges respondents are facing with their current database
  • Legacy infrastructure is too expensive and cannot keep up with current and future demand
  • The benefits respondents are experiencing when adopting next-gen data platforms include minimizing data inconsistencies, expanding geographical coverage, and freeing up resources
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