The collaboration promises to revolutionize financial services with large-scale digital solutions and AI-driven customer experiences
A strategic alliance in the fintech sector
BUSINESSNEXT, a global leader in composable enterprise solutions for financial services, has announced a strategic partnership with MongoDB, a New York-based company specializing in software and databases. This alliance aims to accelerate autonomous operations in the banking and insurance sector, leveraging predictive and generative artificial intelligence (AI).
Cutting-edge technology for the banking of the future
The collaboration between both companies seeks to provide banking and financial services with the necessary technology to offer exceptional customer experiences and enhance autonomous operations. BUSINESSNEXT brings its deep expertise in financial services, while MongoDB contributes with its flexible and scalable database platform, which features encryption, access control, and industry-leading data protection protocols.
Innovative solutions for an evolving sector
The set of solutions from BUSINESSNEXT to drive autonomous banking includes:
- Real-time AI as core of solutions
- Modern CRM
- Lending platforms and risk scoring
- Virtual assistants for employees and customers
Meanwhile, MongoDB’s document-oriented data model, with its flexible schema, perfectly complements BUSINESSNEXT’s AI-based capabilities. This synergy will empower banks to harness the power of their data to create personalized customer experiences, optimize loan processes, and make data-driven decisions.
Key benefits of the partnership
The alliance between BUSINESSNEXT and MongoDB promises significant advantages for financial institutions:
- Autonomous banking operations
- Improved customer experience
- Accelerated loan processes
- Increased operational efficiency
- Enhanced risk management
Leaders’ perspectives
Sushil Tyagi, CEO of BUSINESSNEXT, expressed his excitement about the partnership: “We are thrilled to collaborate with MongoDB to deliver cutting-edge solutions to our financial services clients. MongoDB’s industry-leading data protection protocols and our ability to handle complex data structures and seamlessly scale align with our vision of providing a modern and agile platform for banks”.
Meanwhile, Sachin Chawla, Vice President for India and South Asia at MongoDB, highlighted: “Independent software vendors are an integral part of the enterprise software ecosystem in India, and BUSINESSNEXT is an excellent example of the type of ISVs we want to work with. This partnership will help a large number of financial services organizations accelerate their modernization initiatives and use AI to drive differentiation”.
This collaboration marks a significant milestone for both BUSINESSNEXT and MongoDB, and is expected to bring significant value to financial institutions worldwide.