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Use Case

MongoDB for Payments

Enrich the payments experience by consolidating and analyzing data in any format in real time, driving value-added services and features to consumers.
The illustration depicts various scenes highlighting the benefits of AI in payments.
Harnessing the Benefits of AI in Payments
Financial tech analyst Celent, in collaboration with MongoDB and Icon Solutions, has created a report that explores how AI is being used in the banking industry today and some of the key use cases for AI adoption in payments to improve operational agility, automate workflows, and increase developer productivity.Download the report
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The enriched payments experience

Accept and enrich any payment data type

Accept and enrich any payment data type

Consolidate and act upon any payment data type in real time with a flexible document data model. JSON documents (the same data format used by MongoDB) are the standard for payments data, including SWIFT 4 and 5, the Open Banking API, and BIAN.
Always on and secure

Always on and secure

Eliminate downtime and outages with distributed fault tolerance and automated data recovery capabilities. Protect customer data with industry-leading encryption, access controls, and data protection protocols that integrate with existing practices.
API-driven payment solutions

API-driven payment solutions

Stay competitive and lower TCO with composable payment systems that combine best-of-breed products from third parties. Make data flow possible in your open API ecosystem with a flexible data model ready for the different data formats or structures.

Modern payment systems built upon MongoDB

Industry leaders choose MongoDB to form the backbone of their always-on, always-secure, always-available payments platform.

Data Enrichment

Enhance the value of your original data set to a more comprehensive collection of information allowing for further use cases.


Open Banking

Orchestrate your open API ecosystem to make data flow between banks, third parties, and consumers possible with a flexible data model ready for any requirement.


Know Your Customer (KYC)

Unify your data, from backend payment processing to customer interactions, and surface insights to create a seamless, connected, and personalized customer journey.


Mobile Apps

Launch and scale always-on and secure mobile applications, integrate third-party services with APIs, and speed up approval times to meet customer expectations.


Fraud Detection

Increase the speed of insights to identify fraud with app-driven analytics. Integrate with AI/ML platforms for real-time, predictive fraud prevention.


Security and Compliance

Continuous backups, high availability across multiple regions, and detailed audit logs let banks track operations in real time.


Instant scale

Payments systems must scale as business and regulatory requirements evolve. Automatically scale up or down with demand, optimizing usage and costs.


Ensure high availability

MongoDB Atlas delivers the multi-cloud native scalability and high availability today’s payment platforms demand.


Run anywhere

Deploy data on-premises or in over 100 regions with a multi-cloud environment to enjoy reliability, security, and flexibility, and support regulatory compliance.

“MongoDB handles more than 20 terabytes of data per day and supports over 80 microservices. We’re currently using the ODS to run our rewards and loyalty programs.”
Nadeem Kayani
EVP/CIO of Consumer Lending, Wells Fargo
Read the whole story
“We went live 2 months into the COVID pandemic. A flick of the switch and payments started flowing. We’ve had over 3 million transactions now. No issues, it just simply worked. With this solution we can run on any cloud provider we want.”
Chris Clark
Principal Engineer, Macquarie Bank
“The combined capabilities of AWS and MongoDB Atlas have enabled use cases that were impossible with the legacy system. We don’t look at MongoDB as a vendor – they’re a partner for us. Same with AWS. They helped us achieve the goals we set.”
Ali Montazer
Chief Technology Officer, Midland Credit Management
“MongoDB Atlas will help us scale across Europe, horizontally and securely. We’ve sharded our data across sites only within Europe to comply with GDPR regulations, and high availability across data centers provides the level of durability we need to protect financial transactions in the event of an outage.”
Tahir Jamal
Technical Product Owner, Nexi Group

Industry Partnerships

MongoDB’s robust partner ecosystem goes beyond the major cloud providers, with global industry organizations integrating MongoDB into their financial services solutions.
Find the right partner for you
Volante Technologies logo image

Volante Technologies, a trusted cloud payments modernization partner, works with MongoDB on their VolPay solution designed for payments innovation and transformation across the entire payments lifecycle.

Icon Soulutions logo image

Icon Solutions, utilizing MongoDB architected and developed Icon Payments Framework (IPF) for real-time and direct ‘account to account payments’, meeting the needs of a service-driven, modular payment ecosystem.

Minsait logo image

Minsait has partnered with MongoDB for data storage and management development, with a more dynamic and operational system, enabling the agile transition of businesses towards more innovative technologies.

wells fargo

Learn more

Get valuable insights on how to leverage MongoDB for payments.
View resources
Payments modernization – architectures shaping the future
Forrester Report: Next-gen data platforms in financial services
Learn how IT decision-makers at global financial services firms plan on using next-generation data platforms.
Download Report
Enrich your payments experience with MongoDB

Enrich your payments experience with MongoDB

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