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Danny Chan for MongoDB Builders

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πŸ” Financial Industry Side Chat: MongoDB Device Sync for Multi-Mobile Application Platform

πŸ—“οΈ Situation:

  • Complex when multiple people from a company using app simultaneously online and offline
  • Cannot sync and resolve conflicts
  • E.g., two invoices submitted with the same invoice number, data get lost


πŸ’Ύ MongoDB Device Sync:

  • Build great offline-first apps
  • Modern mobile database
  • Built-in edge-to-cloud sync
  • Sync data between mobile device and database
  • Single interface, language, APIs


πŸ“² Device Sync:

  • Real-time data synchronization between edge clients and MongoDB Atlas
  • Consistent, reliable
  • Automatic network handling, conflict resolution, authentication, and permissions
  • Devices and applications maintain consistency
  • Maintaining uninterrupted service (critical: inventory tracking, point-of-sale transactions)


πŸ”„ Specify which data changes to synchronization:

  • Reduces bandwidth usage
  • Critical updates are prioritized
  • Enhancing data transfer efficiency


πŸ’³ Neobank:

  • Agibank, a digital-first financial company
  • Offers banking services like checking accounts and debit cards
  • Generating financial, digital inclusion
  • Target customer is low-income population
  • Transition from both physical & digital environment


🌐 Hybrid Platform:

  • Combines digital banking, physical stores
  • Make people's daily lives better through credit, insurance, banking services
  • Financial transactions
  • Apply for a loan or credit card
  • Insurance policy
  • Confirm customer identity (tax, identification documents, photos, biometric)


🌐 MongoDB Atlas on AWS:

  • Each transaction is meticulously logged in
  • Ensure a transparent audit trail


🧠 MongoDB Flexible Data Model:

  • Store complex, varied data
  • Cost efficiency
  • High performance
  • Scalability


πŸ“ˆ Prometheus Monitoring System:

  • Unified dashboard
  • Identifying and resolving potential issues
  • Performance Advisor
    • Identified and eliminated bottlenecks
  • Query Profiler
    • Better user experience
  • Efficient indexing
    • Proactive insights



πŸ’³ Reference:

https://www.mongodb.com/solutions/customer-case-studies/agibank
Agibank Improves Content Management and Reduces Costs by 90%

https://www.mongodb.com/products/platform/atlas-app-services/device-sync
Device Sync


Editor

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Danny Chan, specialty of FSI and Serverless

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Kenny Chan, specialty of FSI and Machine Learning

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