Bendigo and Adelaide Bank partners MongoDB for core banking update with AI
Bendigo and Adelaide Bank in Australia has tapped New York-headquartered developer data platform MongoDB to modernise its Agent Delivery System, a legacy retail banking application.
Bendigo and Adelaide Bank taps MongoDB
The move aims to streamline data management for the bank’s developers and foster the development of user-friendly banking services.
In particular, the bank, which chose Google Cloud to host its digital banking system last year, aimed to implement a new microservices architecture to integrate its data and establish a “robust” API ecosystem.
To achieve this transformation, the bank deployed MongoDB’s Atlas solution, a multi-cloud developer data platform, with the assistance of MongoDB Relational Migrator and generative AI-assisted modernisation tools.
The US fintech claims Bendigo and Adelaide Bank chose MongoDB Atlas as the “underlying platform” for its technology stack due to its “high levels of security and reliability”, along with its ability to “manage the bank’s real-time, operational data on a unified platform”.
According to MongoDB, this migration, with the help of automated GenAI tooling, has “eliminated volumes of routine code writing and programming work”, which has enabled the bank’s developers to create with “increased agility and more quickly deploy highly-available and performant application features that enhance end-user experiences”.
Commenting on the new partnership and what lies ahead for the company, Andrew Cresp, CIO at Bendigo and Adelaide Bank, says: “We’ve started by modernising our most critical applications, and next, we intend to tackle a number of other outdated legacy applications across the bank, putting us on track to meet our target of 50 percent of our critical workloads in the cloud by the end of the year.”
