Case Study: a major Canadian bank modernizes capital markets operations with MongoDB

Major Canadian Bank modernizes 76-app capital markets data foundation with MongoDB

A major Canadian bank's Capital Markets Division faced significant data challenges due to exponential growth and complexity. Managing information across 76 applications and 113 data domains led to fragmentation, duplication, and an inability to gain timely insights. To modernize its infrastructure, the bank worked with MongoDB to implement a central, flexible, and scalable data foundation using MongoDB Enterprise Advanced and MongoDB Atlas.

The solution involved creating an internal data hub to consolidate information from various sources into a single location, breaking down data silos. By leveraging MongoDB's flexible document model, querying capabilities, and integration with Databricks, the bank minimized duplication and enabled advanced analytics, machine learning, and new solutions like chatbots. The result was a modernized data infrastructure that unlocked new growth opportunities, allowing the organization to rapidly integrate new data sources and bring initiatives to market faster. MongoDB provided the resilient and scalable platform needed for this transformation.