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{Webinar}  What's Driving Next-Generation Data Platform Adoption in Financial Services | Dec. 14th | 11 am ET | Register Now 👉

MongoDB for Financial Services

The right data platform provides the speed, agility, and competitive advantage financial services need

DON'T MISS OUR UPCOMING WEBINAR WITH FORRESTER
What's Driving Next-Generation Data Platform Adoption

Join this session with guest Forrester on December 14th at 11am EST | 4pm GMT, where we will be unpacking a study we comissioned questioning global IT decision makers at financial services and fintech organizations to evaluate the impact they are experiencing with next-generation data platforms.

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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 a sustainable competitive advantage, financial services companies must fully commit to digital transformation – liberating data, empowering developers, and embracing disruption. Whether its trading platforms and end-to-end digital loan origination, or AI/ML-driven fraud detection systems and financial 'super apps', MongoDB's developer data platform enables innovation and speed.
SOLUTIONS

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.

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.

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.

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.

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.

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.

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.
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 the next step

Tell us what you’re solving for. MongoDB will help you find the best solution.