Why DB2 is widely used in the financial industry (1)

DB2 databases are widely used in the financial industry. Why have so many users in the financial industry chosen DB2 databases? This article will answer your questions.

Most of my bank users are using IBM DB2 database products. Of course, a large number of securities companies are still using this product. I was most impressed by a DB2 technical expert Salon held in Shenzhen, where basically bank users and license users. At that time, I was thinking about how wide application of DB2 database products in the financial field?

Before I started this discussion, I also asked some friends about the reasons that led to this fact. Some of them replied that it was the historical reason, some people also replied that DB2 database products are good. Of course, the choice of DB2 database products by many financial customers is certainly due to their own reasons. The historical reasons are also worth mentioning. However, we can imagine that for financial users, the data generated every day is very large and complex, and the data is very important, so it is not so careless. Therefore, when selecting database products, they are naturally out-of-the-box and careful not to neglect. In addition, as a financial enterprise, the IT budget is certainly adequate, so the product price is naturally not a problem they are worried about. Of course, this is just a speculation !). In this case, we will focus on the performance and stability of the DB2 database. So I don't know whether the performance and stability of the DB2 database have caused it to be so widely used in the financial field!

Why is this 'db2 database so widely used in the financial field? 'The question is a process worth thinking about. However, I will not talk about this topic in detail for any reason, because all my answers come from everyone, and only with the support of everyone, this answer will be increasingly enriched and improved.

The concurrency, stability, and scalability of DB2 are all good,
Many businesses in the financial industry are highly real-time transaction systems. They pursue system stability, good performance, high concurrency, and high security.
Therefore, choose databases such as ORACLE and DB2.
It is mainly because DB2 has better compatibility with the AIX system itself, which is more stable, and DB2 was used for free at the beginning of the market.

In the financial industry, we all know that the data volume is large, the data is complex, and the data is updated frequently. We integrate, process, and analyze a large amount of data with complex relationships, the premise of these work is to have a stable and efficient database. IBM DB2 has good security and data portability. It can be transplanted from other databases and is good at handling complex data with fast speeds and flexible connection methods, it can be achieved through ODBC, JBDC, network service, Local client, or asynchronous client interface. In short, it has obvious advantages over other databases DB2 and is in line with the requirements of banks.