Top Five Investment Bank Enhanced Reporting, Minimized Risk, and Streamlined Integration
Industries:
Financial ServicesProducts:
MarkLogicChallenge
- Aging infrastructure based on a relational database
- Data integration
- Minimizing data errors
- Reducing risk and complexity
Solution
- Derivatives Trade Store
- Operational Trade Store
- 360-degree View
Result
- Unified View of Data
- Faster Time to Market
- Enhanced Reporting
- Reduced Costs
Full Story
Challenge
The bank accurately aggregates trade data across its entire derivatives portfolio, giving stakeholders a true enterprise risk profile. This allows for predictive analyses using accurate data, real-time risk monitoring, increased transparency, and risk-mitigation. With MarkLogic, the bank can more easily identify financial exposure across many systems.
Solution
After the bank’s careful investigation, the choice was clear: Only MarkLogic could address all its concerns with additional benefits of improved performance, scalability, faster time-to-market, and a much lower total cost of ownership (TCO). It built a derivatives trade store based on MarkLogic, replacing 20 disparate batch-processing servers with a single operational trade store. This single MarkLogic Operational Trade Store seamlessly supports critical settlements and related processes, ad-hoc queries across all trades from hundreds of users across the bank, large reports, and end-of-day analyses.
Result
Improved Agility
Complex changes can now be made in mere hours — versus the days, weeks, and even months it took using a relational system. The added agility speeds time-to-market.
Minimized Risk
With a 360-degree view and real-time alerting, the bank knows its up-to-the-minute market and credit counterparty positions so it can act quickly and mitigate risk.
Reduced TCO
The bank now manages one system versus 20, requires one database administrator where it previously needed 10, and experiences lower costs per trade.
