Convert OFX to ORC
Convert your Open Financial Exchange data to Apache ORC quickly
Open Financial Exchange
OFX (Open Financial Exchange) is the open specification banks, brokerages, and payment providers use to publish
statements and transaction histories. A single .ofx download holds the sign-on response, account details,
and every statement transaction in one nested document, written either as SGML tag pairs or as XML.
Apache ORC
Apache ORC (Optimized Row Columnar) is a self-describing, columnar file format that supports high compression ratios and fast data retrieval. ORC supports complex types, including structs, lists, maps, and unions. ORC files are divided into blocks of data (stripes) containing statistics (such as min, max, sum, and count) and lightweight indexing which can be used to skip over irrelevant data during queries. ORC also supports predicate pushdown, meaning that filters can be applied as the data is read from disk, reducing the amount of data loaded into memory and processed. Due to its high performance in terms of compression and speed of access, ORC is particularly well-suited for heavy read operations and is commonly used in data warehousing and analytics applications.