The leader Swiss Bank uses Mongodb to accelerate the generative innovation of the AI and provide improved services to customers
NEW YORK,, February 4, 2025 / Prnewswire / – Mongodb, Inc. (Nasdaq: MDB) announced today that Lombard Odier, a Swiss Swiss private bank founded in 1796, has teamed up with Mongodb to further modernize its main banking technology systems. In collaboration with Mongodb, Lombard Odier has accelerated the modernization of its systems and applications with a generative AI, reducing technical complexity and accelerating the bank’s innovation course. The AI generative modernization initiative enabled Lombard Odier to:
- Migrate the code 50 to 60 times faster than previous migration
- Move the applications of relational databases inherited at Mongodb twenty times faster, taking advantage of generative AI
- Automate repetitive tasks with AI tools to speed up the pace of innovation, reducing project times from days to hours
Offering transparent digital experiences to private and institutional customers while stimulating profitability is a major challenge in the banking sector. With the acceleration of digitization and the advent of AI, Lombard Odier evolves its systems and integrates new technologies to give its customers the best service and experience possible. The Bank GX program – A seven -year initiative designed to modernize the architecture of Lombard Odier banking applications to respond to market developments – was launched in 2020 in order to activate faster innovation, to reduce potential service disturbances and improve customer experiences.
Based on its 10-year relationship with Mongodb, Lombard Odier chose Mongodb as data platform for its transformation initiative. The bank initially decided to develop its portfolio management system (PMS) on Mongodb. The largest application of the bank, with thousands of users, the PMS manages shares, bonds, negotiated funds on the stock market and other financial instruments. Mongodb’s ability to evolve was the key to this system migration, as this system is used to monitor investments, make investment decisions and generate portfolio declarations. It is also the engine that manages the online banking application of Lombard Odier “Mylo”, which is used by bank customers.
The Bank has signed up with Mongodb to co -construct a modernization factory – a service that helps customers eliminate obstacles such as time, cost and risks frequently associated with inherited applications and eliminate the technical debt that is is accumulated over time – to accelerate a safe and effective modernization. The MongODB modernization factory team worked with Lombard Odier to create customizable user user interface tools, including scripts and guests adapted to the unique technological battery of the bank, which has accelerated the modernization process By automating integration tests and code generation for deployment without transport.
“To improve Lombard Odier’s commercial strategy, we have developed a technological platform that is based on the latest technological innovations to facilitate the daily work of employees and provide customers with individualized investment prospects,” said Geoffroy de RidderResponsible for technology and operations at Lombard Odier. “We have chosen Mongodb because it offers us an agnostic database platform in the cloud and an AI modernization approach, which helps automate long tasks, accelerate the upgrading of existing applications and migrate them At a faster pace than ever.
In addition to PMS, Lombard Odier has modernized several other applications of its Java Application Server existing at the Bank’s new generation framework. The bank then went further and worked with Mongodb to use a generative AI on a marketing application called “publications” to accelerate the code migration. Bank developers were also able to use the tools and products based on the Gen AI modernization plant to supply scenarios during regression tests and automatically generate a new code much faster than before.
“Financial institutions with as many history as Lombard Odier undoubtedly have complex inherited systems of large and complexes that have supported the company for decades. However, it is important that organizations constantly assess these systems to understand if they are still used their best interests today, and for the future, “said SAHUR AZAMProduct manager at Mongodb. “This can be an intimidating task, but we are proud to have worked through this with Lombard Odier to prove that it is possible and can be quite simple with the right technology. The Lombard Odier transformation work has done to put them In place to take advantage of new advanced technologies that greatly improve the customer experience.
Discover How Lombard Odier and Mongodb worked together To modernize inherited banking technology.
About Mongodb
Whose head office new YorkMongodb’s mission is to allow innovators to create, transform and disrupt industries by releasing the power of software and data. Built by developers, for developers, the MongODB developer data platform is an integrated database with an integrated set of related services that allow development teams to meet increasing requirements for a wide variety of modern applications Today, all in a unified and coherent user experience. Mongodb has tens of thousands of customers in more than 100 countries. The MongODB database platform has been downloaded hundreds of millions of times since 2007, and there have been millions of manufacturers trained by Mongodb university courses. To find out more, visit Mongodb.com.
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