MongoDB for Financial Services
The right data platform provides the speed, agility, and competitive advantage financial services need
Learn how you can embrace the free and secure flow of data within your organization and outward to the customer by building a data as a service organization in the context of data mesh and MACH principles.
Faster, smarter, and more efficient
How financial services companies build competitive advantage with MongoDB
Core Banking System
To stay competitive, your core banking system must adapt and innovate faster than ever to capture more market share or even just to retain existing customers. With the right database management system, it's easier than ever for your IT infrastructure to wrangle complex data. Learn more →
Payments
Customers are making more financial transactions than ever – often from a mobile device in the palm of their hands. Keeping up with the growing volume of payments is a core challenge in the banking sector. Respond to changing customer and merchant expectations with the agility enabled both by MongoDB's JSON document model and flexible schemas in your banking system. A traditional bank database can't meet these evolving payment requirements. Learn more →
Single View
Traditionally, multiple database systems and legacy architectures have created silos that made it impossible to derive true value from data. Access to a single view of your banking data, especially a customer's account data, across the enterprise, can provide a firmwide view of asset and counterparty exposure or a single view of your customer for fraud detection and Know Your Customer (KYC) requirements. Learn more →
Real-Time Analytics
Today, customers want instantaneous access to their transaction history, from a deposit they just made at their local bank branch to a purchase they made online. With MongoDB's modern developer database, you can analyze sentiment, price fluctuations, and weather and satellite data to inform your trading algorithms in real-time, on top of providing customer data in an instant. Traditional relational databases simply can't keep up with the increasing volume of data. Learn more →
Security & Compliance
Security is essential in your mission critical databases. Built-in security controls, as well as a digital framework for compliance, allows you to streamline your procedures, carry out digital audits, and link back to key decision points. Integrate your existing security practices and processes with MongoDB to provide additional control over how you secure and store data in your environment. Learn more →
Personalization
Is your customer data being used as an asset across your organization? Integrate customer information data in disparate silos to provide better recommendations and service to users based on the latest customer data. Learn more →
Success stories in financial services
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Financial services resources
Take a look at the below resources to find out more.
Reports
On-Demand Webinars
White Papers
Solution Briefs
Blog
Expectation Versus Reality For Payments Data Monetisation
A March 2021 global survey conducted by Celent, in partnership with MongoDB and Icon Solutions, shows what corporate clients want from their data-led services, and how companies plan to monetize payment data and support compliance with ISO 20022.
Mortgages – the final digital frontier
FinTech Futures, in collaboration with MongoDB, went to the market in search of the technological and strategic priorities for leaders and executives in the lending space as we drive into a digital future. The survey looks into the current state of the loans process within firms and where they are at with their automation/digitization of the process.
The Payments Data Monetisation Opportunity in Asia
To better understand the path forward for the financial services industry in Asia, Celent, the leading research and advisory firm focused on technology for financial institutions globally, has conducted a detailed analysis of today’s landscape. This is based upon in-depth primary research conducted in 2021.