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Altibase announced that Altibase was selected as the main DBMS (Database Management System) for Kakao Pay Securities' trading system.

Altibase version 7 was introduced to Kakao Pay Securities with improved speed and development convenience. By applying the replication function and the offline replication and adapter functions using the shared disk, it is possible to guarantee high availability and consistency of 99.999% even in the event of a system failure.

In addition, it has the effect of reducing the time and cost of integrating with other systems by using various APIs and CDC tools provided by Altibase.

Altibase has a market share of over 90% in the Korean in-memory DBMS field and is significantly increasing its market share in the general DBMS field as well. This is the first case of a securities company switching from the foreign DBMS to the Korean DBMS. In this case, Altibase has been recognized for its high performance, stability, and technology in the securities market, which has more than doubled compared to before the COVID19 pandemic.

Isaac Seo, director of Altibase, stated, “We will continue to do our best to establish ourselves as a ledger DBMS in the Korean DBMS market, not only in securities companies but also in other financial institutions. With the release of Altibase version 8, Altibse will provide an innovative DBMS to the cloud market.”

Source: IT Daily, MBN