Posted By Gbaf News
Posted on February 8, 2017
Neo Technology, creator of the world’s leading graph database Neo4j, today announced its flagship softwareis being used by multinational banking and financial services company SociétéGénérale.
The bank, which is one of the oldest in France, will use Neo4j to help it work with big data, further validating the graph approach to working with complex datasets.
SociétéGénérale joins the ranks of technology giants like Google, Facebook and LinkedIn, who also understand the power of graph databases, using them to explore social networks through real-time mapping of networks and connections. These companies understand the value of graph databases, which unlike relational databases that split data into tables, more closely align with how people really think about information.
And once the data model is coded in a scalable architecture, a graph database is unbeatable in the analysis of connections within large complex datasets – a feature that allows any organisation to easily work with the kind of large, connected datasets financial big data is all about.
With graph technology becoming more accepted by organisations like SociétéGénérale, this highly scalable analysis of connected data is increasingly a legitimate choice for all CIOs.
SociétéGénérale’s data specialists can now exploit the advantages of using graph databases and working with Neo Technology, which include:
- The ability to prioritise performance through its native graph engine and database optimisation tools, as well as build large systems thanks to its high scalability
- Neo Technology’s extensive partnership base, as hundreds of developers expand Neo4j and add new functionality
- The stability of Neo Technology as a partner, which has enjoyed over 16 years of sustained growth – a key decision influencer for major Fortune 100 companies like SociétéGénérale
“We are delighted with this important endorsement from one of the banking sector’s leaders, a deal that complements our growing roster of financial services clients worldwide,” said CédricFauvet, Neo Technology Sales Manager, France.
