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Relational Databases are the bedrock of any FinTech application, especially for OLTP (Online transaction Processing). This article will explore the FinTech case study, which has built a Lending Platform. This foundational component in any application architecture usually poses challenges around scaling as the business expands rapidly.
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Banking customers now expect digital experiences on par with those delivered by leading e-commerce and technology companies, and emerging financial technology (fintech) companies are racing to provide these kinds of experiences. Geopolitical and economic uncertainty increases business risks while consumer expectations continue to climb.
At the same time, deregulation fuels massive investments in fintech startups and opens doors for tech giants to point their data-centric innovation engines towards financial services. This wasn’t a change in what the IT team was monitoring; they already had visibility into page performance metrics and aggregate Apdex scores.
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But the performance was never all that impressive. Clearly, Fintech has had an impact: things like loan origination are far more efficient at banks today than they were just a few years ago. It should come as no surprise that today, FinTech lenders look more like banks than banks look like FinTech lenders.
Past trepidation — about perceived vulnerabilities and performance issues — has faded as decision makers realize what an “open source database” really is and what it offers. Known for performance and scalability, it’s often used for high volumes of data and for real-time web applications.
If your mobile app is a fintech application, it would require very high-security testing for even scenarios when a user is multi-tasking. Performance related scenarios in mobile testing. After security, the next scenario that is critical for our mobile testing journey is the performance metric.
Algorithms are cheaper than humans and can be networked to perform complex collections of tasks at a speed, and subsequently a scale, that humans cannot achieve. The evidence of this is the shift in economic activity steered by emerging technologies in areas such as ecommerce and fintech.
I keep a record of what I do on individual stones, on how I configure machines and the maintenance I perform on them, and for the totality of activities I do in the workshop each day. Deploy some fintech and get these people off the payroll already. As a learning exercise, it is fantastic. That seems like a great place to start.
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