Bendigo and Adelaide Bank Partners with MongoDB to Modernize Core Banking Technology Using Generative AI [Yahoo! Finance]
MongoDB, Inc. - Class A (MDB)
Last mongodb, inc. - class a earnings: 3/17 04:05 pm
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Source: Yahoo! Finance
NEW YORK June 13, 2024 /PRNewswire/ -- MongoDB, Inc. (NASDAQ: MDB) today announced that Bendigo and Adelaide Bank (ASX: BEN) has partnered with MongoDB to modernize its core banking technology with MongoDB Atlas as the keystone of an ambitious application modernization initiative. During the initiative, the bank: Reduced the development time required to migrate a core banking application off of a legacy relational database to MongoDB Atlas by up to 90%. Migrated onto MongoDB Atlas at one-tenth of the cost of a traditional legacy-to-cloud migration. Automated repetitive developer tasks with new AI tooling in order to accelerate developers' pace of innovation. For example, AI-powered automations reduced time spent running application test cases from over 80 hours to just five minutes. In less than three months, the bank modernized its Agent Delivery System, a legacy retail banking application, on MongoDB Atlas with the help of MongoDB Relational Migrator and generative AI-assis
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- 5/30/24 - Beat
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- 6/18/24 - Form 4
- 6/17/24 - Form 144
- MDB's page on the SEC website