BLOGAnnounced at MongoDB.local NYC 2024: A recap of all announcements and updates — Learn more >
white paper

Componentized Core Banking

The next generation of composable banking processes built upon MongoDB

The financial services industry is in a phase of transition. Challenger banks and Fintechs are introducing new products at high speeds which requires established players to review their existing information landscapes. Often driven by regulatory and compliance changes, many systems, originally designed for never-changing processes, become the static throttle against innovation. Nothing more so than the so-called core banking systems that are the backend of all accounting and can reach back to the 1970s in their designs.

Thanks to the progress of software design and the emergence of better data infrastructure based on JSON, the next-generation of composable core banking processes is here, and it’s built on a paradigm of a developer data platform.

In this whitepaper, explore the following:

  • Chapter 1: the history of core banking and how the industry has evolved, as well as some of the challenges that traditional core banking systems face
  • Chapter 2: take a closer look at the current state of core banking and some of the solutions that are available
  • Chapter 3: explore the building blocks that are necessary for a composable ecosystem – we focus on four key building blocks: JSON, BIAN, MACH, and Data Domains and how these technologies can be used together to create flexible and scalable core banking systems
  • Chapter 4: learn about real-world use cases for how MongoDB can be used to power core banking systems
Email Me the PDF

More like this

View all resources

MongoDB Architecture Guide

MongoDB enables you to meet the demands of modern apps with an application data platform built on several core architectural foundations


Who Owns Security in the Cloud?

At MongoDB, our overriding mission is to make data easier to work with. This can’t happen if data becomes compromised for any reason


Application-Driven Intelligence: Defining the Next Wave of Modern Apps

The digital economy demands smarter applications and faster predictive insights

Read it later?
Please provide your email and we’ll email this to you