Case Study: a top five investment bank achieves unified reporting, reduced risk, and streamlined integration with Progress Software MarkLogic

Top Five Investment Bank replaces 20 systems with Progress Software MarkLogic

Progress Software helped a top five investment bank overcome challenges posed by its aging relational database infrastructure. The bank was struggling with complex data integration, a high number of data errors, and the significant risk associated with managing its derivatives trade data across numerous disparate systems.

The solution was built on Progress Software's MarkLogic, which created a single Operational Trade Store to replace 20 batch-processing servers. This provided a unified, 360-degree view of data, enabling real-time risk monitoring and predictive analysis. As a result, Progress Software helped the bank achieve faster time-to-market, enhanced reporting, and a reduced total cost of ownership, including a 90% reduction in required database administrators.