---
title: "Cloud Native, Cost Conscious, No Compromise: Leveraging Open Source Databases in Financial Industry"
description: In the fast-paced world of fintech, the pressure to deliver innovative solutions while controlling costs is relentless. Cloud-native architectures offer a path to agility and scalability, but the choice of database technology is critical. This webinar explores how open source databases, optimized for cloud-native environments, can be the cornerstone of a cost-conscious and high-performing infrastructure. 
image: https://www.finos.org/hubfs/FINOS%20events/OSinFinance%20Webinar%20Series%20Percona/2024-10-24%20-%20OSinFinance%20Webinar%20Series%20Percona-2.png
---

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![Community Blog](https://www.finos.org/hubfs/10.04.19.FINOS_WebsiteBanners_3.png)

# Community Blog

# Cloud Native, Cost Conscious, No Compromise: Leveraging Open Source Databases in Financial Industry

 October 30, 2024

[Win Morgan](https://www.finos.org/blog/author/win-morgan)

Watch an engaging session in the Open Source in Finance Webinar Series, where experts from Percona share insights on innovation in finance.

**Speakers: **Lori Lorusso, Head of Community & Sergey Pronin, Group Product Manager at Percona

In the fast-paced world of fintech, the pressure to deliver innovative solutions while controlling costs is relentless. Cloud-native architectures offer a path to agility and scalability, but the choice of database technology is critical. This webinar explores how open source databases, optimized for cloud-native environments, can be the cornerstone of a cost-conscious and high-performing infrastructure. 

Many financial institutions rely on open source databases like PostgreSQL, MySQL, and MongoDB. When used in conjunction with Kubernetes and the CNCF ecosystem, these databases offer powerful tools to optimize resource utilization, automate database management, and significantly reduce operational costs.

Percona Everest is an open source platform designed to help financial institutions manage databases across multiple environments, with an emphasis on cost efficiency and operational simplicity. By leveraging Kubernetes, Everest supports seamless database operations without vendor lock-in, making it a scalable and effective option for institutions focused on balancing performance and cost.

 

**Interested in FINOS open source projects? Click the link below to see how to get involved in the FINOS Community.**

[![Get Involved](https://no-cache.hubspot.com/cta/default/2419532/89037a0a-24fa-4ef5-bbf8-34d9a45ea1d3.png)](https://cta-redirect.hubspot.com/cta/redirect/2419532/89037a0a-24fa-4ef5-bbf8-34d9a45ea1d3)

 

[**FINOS Good First Issues**](https://github.com/search?q=org%3Afinos+is%3Aopen+label%3A%22good+first+issue%22&unscoped_q=is%3Aopen+label%3A%22good+first+issue%22) - Looking for a place to contribute? Take a look at good first issues across FINOS projects and get your feet wet in the FINOS community.

[State of Open Source in Financial Services Report 2024](https://www.finos.org/state-of-open-source-in-financial-services-2024) - Learn about what is really happening around open source in FSI.

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[**FINOS Open Source in Finance Podcasts**](https://anchor.fm/finos) - Listen and subscribe to the first open source in fintech and banking podcasts for deeper dives on our virtual "meetup" and other topics.

 

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