Finance is known for being a fast-paced world, and IT solutions for finance are no exception to the rule. Paolo Pelizzoli, global head of architecture for global technology operations at Broadridge Financial Solutions, Inc., says this can be a challenge when the requirements and regulations seem to change almost daily and databases become defunct as soon as they’re in place. The demands can be intense, requiring both real-time reporting for current data as well as historical data that can sometimes stretch back more than a century when clients have, for example, railway bonds as part of their portfolio.

What is driving innovation in this industry? A lot of factors, he says, including virtualization, elastically expanding cloud infrastructure, and cheaper storage. But unless companies know what to do with their data, having more technology can just obfuscate the issues further. That’s where a company like Marklogic can help people solve fundamental problems: “Can you re-platform, can you share data from multiple platforms in real-time, and be able to go through and get event based analytics? Something happens here, how do I go through and percolate it to the appropriate people, with security, with asset compliance—and all the other pieces Marklogic is well known for?”

One major disruptor for the finance world is the increasing levels of regulation over the past decade. Changes in the US are beginning to percolate around the world, and old schemas can’t support the kind of tracking needed under the new systems. “Regulation is an interesting thing,” Pelizzoli allowed. “It really does have a time series function to it. Because as things change, if you can track what changed and who actually touched it, what it looked like before the change, that’s something which we really do go through and struggle with, and I think that the bi-temporal aspects are huge for us.”

Simplifying and streamlining this bi-temporal approach is a much more natural and efficient way to track changes. “What we do, the auditability and the regulation behind it, and the ability to go through and scale it up cost-effectively is something you just can’t underestimate,” Pelizzoli stated.

Watch the full interview below, and be sure to check out more of SiliconANGLE and theCUBE’s coverage of MarkLogic World 2015.