The demand for advanced, reliable, and secure banking services has never been higher, but only 18% of financial institutions feel confident in their ability to scale digital solutions, and many financial institutions remain tethered to traditional database providers like Oracle, facing restrictive licenses, escalating costs, and dwindling adaptability. With over 12 million customers worldwide, BMO has committed to a digital-first mindset — and Postgres is at the center of their transformation journey.
Purpose Financial was looking to transition from an on-premises setup to a scalable Postgres and AWS cloud-based architecture while ensuring seamless operations and financial data security for the long term. With Postgres and EDB’s Remote DBA Service, Purpose Financial achieved significant cost savings, scalability, and performance. By implementing strategic backup, maintenance and data protection strategies, Purpose Financial has embraced digital transformation to power lending innovation for the future.