Financial institutions are replatforming to reinvent and rebrand themselves. We are in a digital arms race with a set of complex economic realities where we have to invest more for innovation while immediately eliminating unnecessary IT expenses. Database sprawl has created vast amounts of wasted spend and stymied digital innovation while legacy database infrastructure has forced organizations to accept unmitigated risk.
Every financial services interaction, application, and transaction is data- and database-dependent. As financial institutions transform and grow, it is becoming abundantly clear that centrally managing and securing the proliferation of databases has become increasingly difficult, risky, and costly.