Case Study: a top five investment bank reduces risk and improves efficiency with Progress MarkLogic

Top Five Investment Bank cuts 20 systems to 1 and saves hundreds of thousands with Progress Software

A top five investment bank faced significant challenges with its legacy relational database system, which was slow, complex, and comprised of multiple disparate global installations. This system prevented real-time risk monitoring and required extensive resources to correct bad data. Progress Software's MarkLogic database was selected to create a single view of data, prevent errors, reduce time and complexity, and build an agile infrastructure.

Progress Software implemented a MarkLogic-based operational trade store that replaced 20 servers. The solution provided a real-time, comprehensive view of the bank's derivatives portfolio, enabling predictive analysis and rapid risk assessment. Measurable results included saving hundreds of thousands of dollars annually in technology costs, reducing database administrators from 10 to one, and achieving high availability with no required downtime.