Case Study: HSBC achieves simpler, better, faster trading data and DevOps transformation with MongoDB

How DevOps, Microservices, and MongoDB are Making HSBC Simpler, Better, and Faster

HSBC, one of the world’s largest banks, is undergoing a digital transformation to become “simpler, better and faster.” Facing explosive data growth (from 56 PB in 2014 to an expected 93 PB) and legacy relational systems that struggled to model complex, polymorphic financial instruments and provide always-on global access, trading teams needed an Operational Data Store to serve consistent, reliable trade and market data for equities, fixed income and derivatives.

HSBC adopted agile/DevOps practices, microservices and MongoDB: the document model and native JSON simplified polymorphic and bitemporal data modeling, while self-healing replica sets delivered built-in high availability and easier scaling. The result is faster iteration and delivery, reduced operational complexity, a single source of truth for global trading desks, and recognition with a MongoDB Innovation Award for Data Driven Business.

HSBC

Nick Maybin

Development Manager