Embodiments of the present invention provide fine grain concurrency control for transactions in the presence of database updates. During operations, each transaction is assigned a snapshot version number or SVN. A SVN refers to a historical snapshot of the database that can be created periodically or on demand. Transactions are thus tied to a particular SVN, such as, when the transaction was created. Queries belonging to the transactions can access data that is consistent as of a point in time, for example, corresponding to the latest SVN when the transaction was created. At various times, data from the database stored in a memory can be updated using the snapshot data corresponding to a SVN. When a transaction is committed, a snapshot of the database with a new SVN is created based on the data modified by the transaction and the snapshot is synchronized to the memory. When a transaction query requires data from a version of the database corresponding to a SVN, the data in the memory may be synchronized with the snapshot data corresponding to that SVN.