🔍 Financial Industry Side Chat: MongoDB Device Sync for Multi-Mobile Application Platform

🗓️ 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

💾 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

📲 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)

🔄 Specify which data changes to synchronization:

• Reduces bandwidth usage


• Critical updates are prioritized


• Enhancing data transfer efficiency

💳 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

📈 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
  
  
  
  
  
  

💳 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

Danny Chan, specialty of FSI and Serverless

Kenny Chan, specialty of FSI and Machine Learning