London, February 6, 2017 – Neo Technology, creator of the world’s leading graph database Neo4j, today announced its flagship software is being used by multinational banking and financial services company Société Générale.
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.
Société Générale 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 Société Générale, this highly scalable analysis of connected data is increasingly a legitimate choice for all CIOs.
Société Générale’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 Société Générale
"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 Cédric Fauvet, Neo Technology Sales Manager, France.
About Neo Technology
Neo Technology is the creator of Neo4j, world’s leading graph database. Neo4j is a highly scalable native graph database that leverages data relationships as first-class entities to help companies build intelligent applications that meet today's evolving connected data challenges including fraud detection, real-time recommendations, master data management, network security and IT operations.
Global enterprises like Walmart, UBS, Cisco, HP, adidas Group and Lufthansa and hot startups like Medium, Qualia and Glowbl rely on Neo4j to harness the connections in their data.
Neo Technology is privately held and funded by Eight Roads Ventures, Sunstone Capital, Conor Venture Partners, Creandum, Dawn Capital and now Greenbridge Investment Partners. Headquartered in San Mateo, California, Neo Technology also has regional offices in Sweden, Germany and the UK. For more information, please visit Neo4j.com and @Neo4j.
All trademarks and registered trademarks, including Neo Technology® and Neo4j® are the property of their respective owners.
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Sarum PR for Neo Technology UK
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