July 16, 2024

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Bendigo & Adelaide Bank tap MongoDB to modernize core banking technology

2 min read

By Gloria Mathias

June 14, 2024

  • AI
  • APAC news
  • Artificial Intelligence

Bendigo and Adelaide Bank, Australia Bank, Artificial Intelligence, APAC news, Core Banking technology, AI, Gen AI, Fintech News, Fintech solutions, Fintech Australia, Bendigo and Adelaide Bank has partnered with MongoDB to modernise their core banking technology, using MongoDB Atlas as the keystone of an application modernisation initiative.

The bank modernized its Agent Delivery System, a legacy retail banking application, on MongoDB Atlas with the help of MongoDB Relational Migrator and generative AI-assisted modernization tools.

The bank chose MongoDB Atlas as the underlying platform for its tech stack because of its high levels of security and reliability and its ability to manage the bank’s real-time operational data on a unified platform.

MongoDB Professional Services worked with Bendigo and Adelaide Bank to create customizable generative AI tooling, including scripts and prompts tailored for the bank’s unique tech stack, which accelerated the modernization process by automating integration testing and code generation for seamless deployment of the new Agent Delivery System’s microservices architecture.

With this migration, Bendigo and Adelaide Bank has eliminated volumes of routine code writing and programming work with automated generative AI tooling, which has empowered the bank’s developers to innovate with increased agility.

“This migration was an enormous step forward in our transformation journey and a perfect marriage of people smarts and tech smarts. It’s an investment in our customers,” said Andrew Cresp, Chief Information Officer at Bendigo and Adelaide Bank. “Now, our lean, highly skilled team can ask MongoDB Atlas and the generative AI tooling MongoDB’s Professional Services team built for us to do really smart things, leaving our developers free to focus on other ways they can deliver great outcomes for our customers. We’ve started by modernizing our most critical applications. Next, we intend to tackle a number of other outdated legacy applications across the bank, putting us on track to meet our target of 50% of our critical workloads in the cloud by the end of the year.”

Simon Eid, Senior Vice President, APAC at MongoDB, shared, “Applying the power of AI to Bendigo and Adelaide Bank’s migration process was game-changing. MongoDB looks forward to helping more customers quickly and easily ditch the rigid legacy technology that is slowing them down to achieve all the benefits a modern technology stack can bring to their businesses.”

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