Progress Case Studies Tier-One Investment Bank Leapfrogs Competition with MarkLogic Database

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	Tier-One Investment Bank Leapfrogs Competition with MarkLogic Database Progress

Tier-One Investment Bank Leapfrogs Competition with MarkLogic Database

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Technology Category	Application Infrastructure & Middleware - Database Management & Storage
Applicable Industries	Finance & Insurance
Applicable Functions	Product Research & Development
Services	System Integration
Challenge	The bank's clients expected to easily access up-to-the-minute content in whatever format they chose. The bank sought a system that could scale with clients' constantly changing requirements, especially the growing demand for mobile delivery and alerting. The bank's legacy system (based on Oracle and FAST) did not provide analysts with the ability to search and access previous reports at a component level. Adding that capability, which would facilitate reuse of content, and thus improve efficiency as well as information quality, was a significant undertaking. The existing system also did not have the flexibility to quickly add new features. It could not meet the demands of a constantly changing, highly competitive market where being first-to-publish was critical to retaining and growing readership. Read More
About Customer	The customer is a North American bank's highly respected research and analysis team. The team is comprised of nearly 400 research analysts across over 20 countries. They offer equity and fixed income research plus market and product-specific analysis for both the individual and institutional markets. The clients of the global research and analysis unit of the bank expect to easily access up-to-the-minute content in whatever format they choose. Read More
Solution	The bank decided to build an equity research authoring and delivery solution based on the MarkLogicR database. MarkLogic was selected due to its unique combination of the flexibility and scalability of NoSQL as well as enterprise features such as security and disaster recovery. The new MarkLogic-based solution has increased revenue for the bank and its reputation as the go to research firm, while also savings hundreds of thousands of dollars in technology costs. MarkLogic enables the bank to offer clients up-to-date research on global developments ahead of the competition in their preferred delivery method. Read More Log in to view content
Contents

Technology Category

Application Infrastructure & Middleware - Database Management & Storage

Applicable Industries

Finance & Insurance

Applicable Functions

Product Research & Development

Services

System Integration

Challenge

The bank's clients expected to easily access up-to-the-minute content in whatever format they chose. The bank sought a system that could scale with clients' constantly changing requirements, especially the growing demand for mobile delivery and alerting. The bank's legacy system (based on Oracle and FAST) did not provide analysts with the ability to search and access previous reports at a component level. Adding that capability, which would facilitate reuse of content, and thus improve efficiency as well as information quality, was a significant undertaking. The existing system also did not have the flexibility to quickly add new features. It could not meet the demands of a constantly changing, highly competitive market where being first-to-publish was critical to retaining and growing readership.

About Customer

The customer is a North American bank's highly respected research and analysis team. The team is comprised of nearly 400 research analysts across over 20 countries. They offer equity and fixed income research plus market and product-specific analysis for both the individual and institutional markets. The clients of the global research and analysis unit of the bank expect to easily access up-to-the-minute content in whatever format they choose.

Solution

The bank decided to build an equity research authoring and delivery solution based on the MarkLogicR database. MarkLogic was selected due to its unique combination of the flexibility and scalability of NoSQL as well as enterprise features such as security and disaster recovery. The new MarkLogic-based solution has increased revenue for the bank and its reputation as the go to research firm, while also savings hundreds of thousands of dollars in technology costs. MarkLogic enables the bank to offer clients up-to-date research on global developments ahead of the competition in their preferred delivery method.

Impact #1	The bank is saving money because the MarkLogic databases ingests data 'as is.'
Impact #2	The single platform reduced total cost of ownership (TCO) by at least 50 percent over its legacy technologies.
Impact #3	Because the MarkLogic database can quickly ingest data, the team has achieved efficiency beyond its expectations.

Impact #1

The bank is saving money because the MarkLogic databases ingests data 'as is.'

Impact #2

The single platform reduced total cost of ownership (TCO) by at least 50 percent over its legacy technologies.

Impact #3

Because the MarkLogic database can quickly ingest data, the team has achieved efficiency beyond its expectations.

Benefit #1	Reduced total cost of ownership (TCO) by at least 50 percent over its legacy technologies.
Benefit #2	Development cycles shrunk to three to four weeks from six to 12 months.

Benefit #1

Reduced total cost of ownership (TCO) by at least 50 percent over its legacy technologies.

Benefit #2

Development cycles shrunk to three to four weeks from six to 12 months.

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Overview

Tier-One Investment Bank Leapfrogs Competition with MarkLogic Database

Operational Impact

Quantitative Benefit