Like many industries, the financial services business is undergoing dramatic change. In response to the whole world going digital and the explosion of data available to drive decision making and customer experiences, banks are pursuing aggressive innovation in new applications and cloud infrastructure. One thing has become clear in recent years: banks will need a new data platform to support these new requirements, ultimately replacing Oracle, IBM DB2, and a plethora of other legacy systems.
With this in mind, we are very proud to share that we have been inducted into the JPMorgan Chase Hall of Innovation for our work helping the financial services leader build next-generation applications and infrastructure. Cockroach Labs joins past winners including Palantir, Tableau, and Confluent, companies we are honored to stand alongside.
In the last decade, only 25 companies have been inducted into the JP Morgan Chase Hall of Innovation, which recognizes companies for going above and beyond in their partnership to deliver innovative and disruptive technology.
Our partnership with JPMorgan Chase includes modernizing their global data centers and building next-generation payment processing applications that ensure they continue delivering world-class service to their tens of millions of customers. Cockroach Labs is actively working to earn our place as the system of record for modern financial services applications. This award from JPMorgan Chase is a sign that we are making great progress towards that goal.
“At JPMorgan Chase, we believe that partnership with entrepreneurial companies and their innovative technologies is critical to our success. CockroachDB provides us with a modern database platform that has accelerated our momentum toward cloud-first, resilient infrastructure and a new class of modern financial applications,” said George Sherman, Global Technology Infrastructure CIO at JPMorgan Chase.
This award and our ongoing partnership with JPMC reinforces the growing demand for a new generation of operational data infrastructure, as organizations across the globe accelerate the development of cloud-native, distributed applications and services. In 2020, companies including SpaceX, eBay, and LaunchDarkly adopted CockroachDB to power a new class of applications that can scale fast, survive anything, and thrive everywhere.