🔍 Financial Industry Side Chat: MongoDB Device Sync for Multi-Mobile Application Platform
Danny Chan
Posted on August 7, 2024
🗓️ 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
💖 💪 🙅 🚩
Danny Chan
Posted on August 7, 2024
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