Managing and distributing reference data globally has always been a challenge for financial institutions. Managing and maintaining database schemas while integrating and replicating that data across geographies is costly and time consuming. MongoDB's native replication capabilities and partitioned architecture make it simple to distribute and synchronize data efficiently across the globe. MongoDB’s dynamic schema dramatically reduces database maintenance for schema migrations – data structure changes can be applied with no down time, and with no impact to existing applications. For example, by migrating its reference data management application to MongoDB, a Tier 1 bank dramatically reduced the license and hardware costs associated with the proprietary relational database it previously ran.