Webinar: Providing Better Wealth Management

The financial services industry is highly competitive, requiring high concurrency, low latency, and access to vast amounts of current and historical data in real-time. To address this, banks and other institutions have used in-memory databases and streaming data, such as SingleStore, which improves the wealth management experience for users and enables institutions to stand out in a crowded market. By replacing traditional Hadoop/HDFS data stores with SingleStore, banks can deliver more responsive updates to clients, support tens of thousands of simultaneous users, analyze five times more historical data, and avoid processing delays that occur when news events drive sudden surges in usage. Digital transformation is critical for wealth management, with 80% of retail bank profits generated by high net worth individuals, and SingleStore's solution enables banks to speed up the delivery of data to their wealth management dashboards, reducing event-to-insight latency and providing a seamless user experience.

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