Using MarkLogic to support finance innovation | #mlw15
by Elizabeth Kays | May 5, 2015
Finance is known for being a fast-paced world, and IT solutions for finance are no exception to the rule. Paolo Pelizzoli, global head of architecture for global technology operations at Broadridge Financial Solutions, Inc., says this can be a challenge when the requirements and regulations seem to change almost daily and databases become defunct as soon as they’re in place. The demands can be intense, requiring both real-time reporting for current data as well as historical data that can sometimes stretch back more than a century when clients have, for example, railway bonds as part of their portfolio.
What is driving innovation in this industry? A lot of factors, he says, including virtualization, elastically expanding cloud infrastructure, and cheaper storage. But unless companies know what to do with their data, having more technology can just obfuscate the issues further. That’s where a company like Marklogic can help people solve fundamental problems: “Can you re-platform, can you share data from multiple platforms in real-time, and be able to go through and get event based analytics? Something happens here, how do I go through and percolate it to the appropriate people, with security, with asset compliance—and all the other pieces Marklogic is well known for?”
One major disruptor for the finance world is the increasing levels of regulation over the past decade. Changes in the US are beginning to percolate around the world, and old schemas can’t support the kind of tracking needed under the new systems.
“Regulation is an interesting thing,” Pelizzoli allowed. “It really does have a time series function to it. Because as things change, if you can track what changed and who actually touched it, what it looked like before the change, that’s something which we really do go through and struggle with, and I think that the bi-temporal aspects are huge for us.”
Simplifying and streamlining this bi-temporal approach is a much more natural and efficient way to track changes. “What we do, the auditability and the regulation behind it, and the ability to go through and scale it up cost-effectively is something you just can’t underestimate,” Pelizzoli stated.
@theCUBE
#mlw15
Forgot Password
Almost there!
We just sent you a verification email. Please verify your account to gain access to
MarkLogic World 2015 | Burlingame. If you don’t think you received an email check your
spam folder.
In order to sign in, enter the email address you used to registered for the event. Once completed, you will receive an email with a verification link. Open this link to automatically sign into the site.
Register For MarkLogic World 2015 | Burlingame
Please fill out the information below. You will recieve an email with a verification link confirming your registration. Click the link to automatically sign into the site.
You’re almost there!
We just sent you a verification email. Please click the verification button in the email. Once your email address is verified, you will have full access to all event content for MarkLogic World 2015 | Burlingame.
I want my badge and interests to be visible to all attendees.
Checking this box will display your presense on the attendees list, view your profile and allow other attendees to contact you via 1-1 chat. Read the Privacy Policy. At any time, you can choose to disable this preference.
Select your Interests!
add
Upload your photo
Uploading..
OR
Connect via Twitter
Connect via Linkedin
EDIT PASSWORD
Share
Forgot Password
Almost there!
We just sent you a verification email. Please verify your account to gain access to
MarkLogic World 2015 | Burlingame. If you don’t think you received an email check your
spam folder.
In order to sign in, enter the email address you used to registered for the event. Once completed, you will receive an email with a verification link. Open this link to automatically sign into the site.
Sign in to gain access to MarkLogic World 2015 | Burlingame
Please sign in with LinkedIn to continue to MarkLogic World 2015 | Burlingame. Signing in with LinkedIn ensures a professional environment.
Are you sure you want to remove access rights for this user?
Details
Manage Access
email address
Community Invitation
Paolo Pelizzoli - MarkLogic World 2015 - theCUBE
Using MarkLogic to support finance innovation | #mlw15
by Elizabeth Kays | May 5, 2015
Finance is known for being a fast-paced world, and IT solutions for finance are no exception to the rule. Paolo Pelizzoli, global head of architecture for global technology operations at Broadridge Financial Solutions, Inc., says this can be a challenge when the requirements and regulations seem to change almost daily and databases become defunct as soon as they’re in place. The demands can be intense, requiring both real-time reporting for current data as well as historical data that can sometimes stretch back more than a century when clients have, for example, railway bonds as part of their portfolio.
What is driving innovation in this industry? A lot of factors, he says, including virtualization, elastically expanding cloud infrastructure, and cheaper storage. But unless companies know what to do with their data, having more technology can just obfuscate the issues further. That’s where a company like Marklogic can help people solve fundamental problems: “Can you re-platform, can you share data from multiple platforms in real-time, and be able to go through and get event based analytics? Something happens here, how do I go through and percolate it to the appropriate people, with security, with asset compliance—and all the other pieces Marklogic is well known for?”
One major disruptor for the finance world is the increasing levels of regulation over the past decade. Changes in the US are beginning to percolate around the world, and old schemas can’t support the kind of tracking needed under the new systems.
“Regulation is an interesting thing,” Pelizzoli allowed. “It really does have a time series function to it. Because as things change, if you can track what changed and who actually touched it, what it looked like before the change, that’s something which we really do go through and struggle with, and I think that the bi-temporal aspects are huge for us.”
Simplifying and streamlining this bi-temporal approach is a much more natural and efficient way to track changes. “What we do, the auditability and the regulation behind it, and the ability to go through and scale it up cost-effectively is something you just can’t underestimate,” Pelizzoli stated.
@theCUBE
#mlw15
