The collaboration will enable banks to build highly scalable digital solutions, providing cutting-edge technology, AI-powered customer interactions and experiences.
NEW DELHI, Sept. 27, 2024 — BUSINESSNEXT, a leading provider of composable enterprise solutions for financial services, has teamed up with MongoDB to accelerate autonomous operations fueled by specialized predictive and generative AI for banking and insurance. Based in New York, MongoDB empowers innovators to create, transform, and disrupt industries using the power of software and data.
The partnership between BUSINESSNEXT and MongoDB will equip banking and financial services with the technology needed to deliver exceptional customer experiences and drive autonomous operations.
By combining BUSINESSNEXT’s deep expertise in financial services with MongoDB’s flexible, scalable database platform, which features industry-leading encryption, access controls, and data protection protocols, the partnership will deliver innovative solutions that meet the evolving needs of the industry. BUSINESSNEXT’s suite of solutions to drive autonomous banking includes real-time AI at the core powering modern CRM, digital journeys, lending platforms, risk-rating platforms, workforce assistants, customer chatbots and more.
MongoDB’s document-oriented data model, with its flexible schema, complements BUSINESSNEXT’s AI-driven capabilities. The partnership will enable banks to leverage the power of their data to create personalized customer experiences, optimize lending processes, and make data-driven decisions.
“We are excited to partner with MongoDB to deliver cutting-edge solutions to our financial services clients,” said Sushil Tyagi, Executive Director at BUSINESSNEXT. “MongoDB’s industry-leading data protection protocols and our ability to handle complex data structures and scale effortlessly align with our vision of providing a modern, agile platform for banks.”
“Independent software vendors are an integral part of the enterprise software stack in India, and BUSINESSNEXT is a great example of the kind of ISV we want to work with,” said Sachin Chawla, Vice President, India and South Asia at MongoDB. “This partnership will help a large number of financial services organizations to accelerate their modernization initiatives and use AI to drive differentiation,” added Chawla.
Key benefits of the partnership include:
- Autonomous Banking operations
- Enhanced customer experiences
- Accelerated lending processes
- Improved operational efficiency
- Strengthened risk management
This partnership marks a significant milestone for both BUSINESSNEXT and MongoDB, and it is expected to drive significant value for financial institutions worldwide.
For more information,
visit BUSINESSNEXT website https://www.businessnext.com/
and MongoDB website https://www.mongodb.com/.
For Media Inquiries:
Ajay Joshi
ajay.joshi@businessnext.com