NoSQL Databases in FinTech
Posted By Joseph Skarulis
During the application design and planning phase, it's important to evaluate current options, in order choose the best fit in terms of performance, scalability, maintainability, ease of use, and budget.
Even though these are trendy, there are many applications where a structured SQL database remain to be the more ideal choice.
It's common modern businesses rely on both relational and non-relational databases for different storage application purposes. There isn't one vendor or database technology that does it all.
NoSQL databases such as MongoDB continue to gain popularity for their speed and scalability.
Check out this article which compares SQL versus NoSQL Databases. This article SlideShare slide show link which illustrates how Financial Services Organizations use MongoDB