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.
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.
The enriched payments experience
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.
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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
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.
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Modern payment systems built upon MongoDB
