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- Bendigo and Adelaide Bank Modernizes with MongoDB
Bendigo and Adelaide Bank Modernizes with MongoDB
Slice of Finance Team
19 Jun
Key Highlights:
90% reduction in development time for migrating core banking applications to MongoDB Atlas.
Migration at one-tenth the cost of traditional legacy-to-cloud migrations.
AI-powered automations reduced application testing time from 80 hours to just five minutes.
Modernized Agent Delivery System in under three months with MongoDB tools.
Enhanced agility and innovation for developers through generative AI tooling.
Source (PR Newswire)
Notable Quotes
"This migration was an enormous step forward in our transformation journey and a perfect marriage of people smarts and tech smarts. It's an investment in our customers. Now, our lean, highly skilled team can ask MongoDB Atlas and the generative AI tooling MongoDB's Professional Services team built for us to do really smart things, leaving our developers free to focus on other ways they can deliver great outcomes for our customers."
"Applying the power of AI to Bendigo and Adelaide Bank's migration process was game-changing. MongoDB looks forward to helping more customers quickly and easily ditch the rigid legacy technology that is slowing them down to achieve all the benefits a modern technology stack can bring to their businesses."
Our Take:
The partnership between Bendigo and Adelaide Bank and MongoDB exemplifies a strategic approach to modernizing legacy banking systems. By leveraging MongoDB Atlas and generative AI tools, the bank has achieved remarkable efficiency gains, both in terms of cost and development time. This initiative not only enhances the bank's operational agility but also positions it at the forefront of technological innovation in the financial services sector. The successful migration of the Agent Delivery System within a tight timeframe underscores the transformative potential of AI-driven automation and modern data platforms in the banking industry. As more financial institutions look to modernize their tech stacks, partnerships like this will become increasingly vital for staying competitive in a rapidly evolving market.