MongoDB for Financial Services
The right data platform provides the speed, agility, and competitive advantage financial services need
DON'T MISS OUR LATEST PAPER
The 5 Phases of Banking Modernization
If banks are eager to modernize, and their customers are demanding modern banking experiences, what’s taking banks so long to move away from the legacy systems that are restricting their ability to innovate?
FINANCIAL SERVICES
Faster, smarter, and more efficient
Financial services companies have been hammered by disruption, from new fintech companies to changing regulations and the entry of tech giants. To create sustainable competitive advantage in this challenging environment, financial services companies must leverage technology to create more responsive and agile systems. From risk management to trading algorithms and customer service, the right data platform enables innovation and speed.
SOLUTIONS
How financial services companies build competitive advantage with MongoDB
Business Agility
Use data as a service (DaaS) to eliminate tedious data work and bring new products to market, faster.
Learn more →
Single View
A single view can integrate data across the enterprise, whether to 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
Analyze sentiment, price fluctuations, and weather and satellite data to inform your trading algorithms in real time.
Learn more →
Compliance
A digital framework for compliance allows you to streamline your procedures, carry out digital audits, and link back to key decision points.
Payments
Respond to changing customer and merchant expectations with the agility enabled both by MongoDB’s JSON document model and flexible schemas.
Learn more →
Personalization
Integrate data in disparate silos to provide better recommendations and service to customers.
Learn more →
RESOURCES
Financial services resources
Looking to learn more about what MongoDB can do for financial services?
Take a look at the below resources to find out more.
Take a look at the below resources to find out more.
Analyst Report
On-demand Webinars
White Papers
Solution Briefs
Podcast
Infographics
CUSTOMERS
Success stories in financial services
Financial institutions around the world are using MongoDB to scale quickly, develop new products, and increase their speed of innovation.
As one of the world’s largest insurance companies, Liberty Mutual understands that the applications it builds defines its success. Getting these applications to market quickly is critical. Adopting the cloud, Continuous Integration / Continuous Delivery (CI/CD) pipelines, and MongoDB Atlas enables its development teams to move fast by fully automating deployment and management programmatically with code.
Read the story →
Nationwide is a British financial services provider and, with more than 15 million members, it's the world’s largest building society. Despite thousands of updates since 2012, Nationwide’s mobile banking platform must continue to evolve with new capabilities. To meet customer demands, the Society’s underlying technology infrastructure and software operations would need to be updated. After a rigorous process of trialing and testing, the team chose MongoDB Atlas, the global cloud database service, and began running it on AWS.
Read the story →
As one of the world’s largest insurance companies, Liberty Mutual understands that the applications it builds defines its success. Getting these applications to market quickly is critical. Adopting the cloud, Continuous Integration / Continuous Delivery (CI/CD) pipelines, and MongoDB Atlas enables its development teams to move fast by fully automating deployment and management programmatically with code.
Read the story →
Nationwide is a British financial services provider and, with more than 15 million members, it's the world’s largest building society. Despite thousands of updates since 2012, Nationwide’s mobile banking platform must continue to evolve with new capabilities. To meet customer demands, the Society’s underlying technology infrastructure and software operations would need to be updated. After a rigorous process of trialing and testing, the team chose MongoDB Atlas, the global cloud database service, and began running it on AWS.
Read the story →
MongoDB Atlas is being used to build a 360-degree single view to improve customer experience, fight fraud and comply with the GDPR. Now with a central repository and real-time analytics in MongoDB Atlas, illimity can better navigate data and pull results in just days – saving time, money, and regulatory headaches. Teams can instantly see customer's interactions and provide the reliable service they expect.
Read the story →
LCL, a subsidiary of Crédit Agricole, and one of the major retail banks in France, is moving away from its legacy mainframe to give customers a better experience and speed up innovation. By introducing MongoDB, LCL was able to build a consolidated 360 degree view of its customer base, allowing the bank to improve time to market by 40%.
Read the story →
Next generation mobile bank Current is using MongoDB Atlas on Google Cloud to make financial services accessible and affordable for all. Current’s challenge was to break through walls of legacy thinking and technology to build bridges between the traditional financial world and a fully digital future, creating customer experiences that simply cannot exist in traditional systems. By focussing on customers and not bank accounts Current differentiated itself from legacy banks.
Read the story →
Splitit, a global payment solution that allows businesses to offer installment plans for their customers, looked to MongoDB Atlas to scale quickly following customers shopping even more online during the global pandemic. MongoDB allowed Splitit to capture this large opportunity.
Read the story →
Nerve Solutions is a fintech and regtech consulting and development firm that specializes in real-time risk management and automated trading products for financial markets. Nerve Solutions wrestles with massive volumes of critical data in real time to help financial services professionals make critical decisions based on the freshest data. They made the move to MongoDB and improved the company’s database performance, the time it takes to access market data, by 500%.
Read the story →