Singapore’s Largest Bank Moves to Open Source with MariaDB
DBS Bank is Southeast Asia’s largest, handling nearly three million financial transactions monthly and having total assets of approximately $333 billion. Additionally, the bank has been named Asia’s safest for nine consecutive years.
DBS executives are always seeking to maintain that level of excellence while moving the business forward through innovation – with a goal of driving customer excitement and continually simplifying the technology stack. A few years ago, those pursuits came into conflict with the bank’s use of closed source, proprietary database solutions, so they began looking for alternatives. When evaluating solutions, they had these key factors in mind:
• Open source technology
• Flexibility and scalability
• Compliance with strict financial services regulations
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