Northern Trust Drives Growth with Modern Infrastructure Based on MarkLogic and the Cloud
Industries:
Banking and FinanceProducts:
MarkLogicChallenge
- Improve data quality with a single source of truth
- Deliver real-time data accessibility
- Decrease time to market for new services and apps
- Increase security
Solution
- Operational Data Hub
- Data Hub Framework
- Cloud
- Data Governance
- Trade Store
- Data Warehouse
- Search
- Semantics
- Security
Result
- Established data provenance and governance
- Generate reports faster and with fewer resources
- Reduced storage costs
- Implemented ‘just-in-time’ data modeling
- Achieved continuous integration and continuous deployment
Full Story
Challenge
As one of the United States’ largest banks, Northern Trust is undergoing a digital transformation with the goal of increasing new and more loyal clients, employee engagement, and financial outcomes. Their MarkLogic-based approach drives the way every corporate or wealth client interacts with the organization. Focusing on performance, security, managing assets, and rolling out new features and functions on a monthly basis, they’re able to do so faster, more securely, and more frequently than ever before.
We leverage innovative technologies like MarkLogic to help us deliver with speed and agility, ingest data more rapidly than we could before, and make it available to our businesses.
Maureen Penzenik
Data Architect at Northern Trust
Solution
After determining a relational database wouldn’t meet the company’s digital transformation requirements, Northern Trust decided to implement MarkLogic and the cloud. The company began working with MarkLogic to build a transaction hub, and quickly realized its value as a flexible yet enterprise-ready platform. Today, MarkLogic is serving as the system of record for Northern Trust’s digital offerings. The company also uses the MarkLogic Data Hub Framework to build Operational Data Hubs for its microservices strategy.
Result
Rapid Deployment
In just 15 days, Northern Trust deployed 300 times to its user-acceptance test environment and 100 times to production.
Increased Agility
Northern Trust has streamlined ETL processes, and now leverages flexible data structures and formats to improve data accessibility.
Improved Data Integrity
MarkLogic’s ACID compliance ensures transactional consistency and completion, allowing for better data-driven insights.
