MongoDB for Financial Services
The right data platform provides the speed, agility, and competitive advantage financial services need
DON'T MISS OUR LATEST ANALYST REPORT
Expectation Versus Reality For Paymemnts 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.
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.
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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.
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Real-Time Analytics
Analyze sentiment, price fluctuations, and weather and satellite data to inform your trading algorithms in real time.
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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.
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Personalization
Integrate data in disparate silos to provide better recommendations and service to customers.
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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
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.
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.
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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 →
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 →
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 →
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%.
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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.
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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.
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