TiDB, the main and superior open-source distributed SQL database developed by PingCAP, participated within the third version of FinTech Festival India (FFI) at Yashobhoomi (India International Convention & Expo Centre), New Delhi. As a frontrunner in open-source know-how and a contemporary distributed SQL database suitable with MySQL, TiDB fostered collaborative discussions and showcased its modern options to reveal the ability of open-source platforms in driving developments within the FinTech house in India.
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Bhanu Jamwal, APAC Head of Presales and Solution Engineering at PingCAP, wins the Fintech Festival India 2024 award for TiDB in Remarkable Banking Software Infrastructure
Aligned with India’s imaginative and prescient for technological development and monetary inclusion, PingCAP’s participation at FFI underscored its dedication to serving to FinTech firms focus on rising their enterprise with out worrying about advanced information infrastructure administration. With a spotlight on scalable, dependable, and agile information infrastructure, TiDB builders PingCAP, from 6 to eight March, engaged with the Indian FinTech group and highlighted the necessity for the FinTech trade to embrace fashionable database options. With the event of know-how, the core banking system has developed – from a conventional centralized system to a distributed, service-oriented structure (SOA). The FinTech trade wants a strong system to assist their sophisticated transactions. With information complexity rising, the necessity of the hour is a distributed SQL database which is extremely out there, scalable, resilient, and safe. It additionally delved into TIDB’s skill to resolve the ache factors seen with conventional database techniques in addition to enabling extra agile improvement and sooner go-to-market processes with a simplified structure for information administration.
TiDB emerged as a winner within the Remarkable Banking Software Infrastructure class at the FinTech Festival India (FFI) Awards 2024. This recognition is a testomony to PingCAP’s excellent contributions and excellence within the improvement and implementation of extremely scalable monetary software program infrastructure options.
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Honourable Cabinet Minister for Education and Skill Development and Entrepreneurship, Shri Dharmendara Pradhan visited the PingCAP sales space at the Festival and interacted with the PingCAP staff
Speaking at the keynote session, Bhanu Jamwal, Head of Presales and Solution Engineering, APAC, PingCAP, the corporate behind TiDB, mentioned, “Data explosion is a key factor impacting the FinTech sector today, demanding instantaneous scalability and reliability for uninterrupted customer services. TiDB’s distributed SQL database is leading the charge by revolutionising how FinTech players can seamlessly manage their data while scaling their services and operations. It also enables them to maintain a high availability and deliver prime performance even under the most demanding workloads, making it an ideal solution for FinTech’s fast-paced and data-driven world. Not to forget, maintaining consistency in financial data is of paramount importance for FinTech companies, ensuring they can provide customers with the most up-to-date snapshots of their financial status. TiDB offers that assurity on data consistently at all times.”
As a part of the occasion, Sreedharma Vijayan, India Director of PingCAP, participated in a panel dialogue on “Collaborative ecosystem propelling digital lending revolution” alongside trade specialists and mirrored on the brilliant future for open-source innovation in shaping tomorrow’s FinTech panorama. “At PingCAP, we recognize the imperative for an agile and scalable infrastructure to support the burgeoning digital lending revolution. Our cloud-native architecture and Kubernetes compatibility empower FinTech institutions to seamlessly adapt to evolving market demands. By fostering a collaborative ecosystem, TiDB is at the forefront of propelling the digital lending revolution forward, ensuring accessibility, efficiency, and innovation for all stakeholders,” he added.
About PingCAP and TiDB
PingCAP was based in 2015 by three software program engineers from Global 5000 firms who wished to construct a brand new database system extra scalable and dependable than MySQL.
The firm’s flagship product, TiDB, is essentially the most superior, open supply, distributed SQL database for constructing fashionable functions which can be relentlessly elastic, versatile, and dependable. PingCAP is backed by Sequoia Capital, GGV Capital, Access Technology Ventures, Coatue Management, and others to assist understand its mission: empower builders in all places to distribute their information with velocity, agility, and scale.
For extra data, please go to www.pingcap.com.
