Category: Financial Services

The “This is My Offer” YouTube series from the AWS Partner Network is simplifying how businesses discover and leverage innovative AWS Partner solutions across industries. Featuring concise, insightful interviews with AWS Partners, the series provides a unique window into cutting-edge technologies tackling real-world challenges powered by AWS.

Insurity, a leading provider of cloud-based software for insurance carriers, has leveraged the power of Amazon Web Services (AWS) to transform the claims payment process. Insurity’s Claims Payments solution, built in partnership with Dream Payments and powered by AWS, enables insurers to pay claims in as little as 30 seconds, dramatically improving the customer experience. By harnessing AWS’s robust, scalable, and secure infrastructure, Insurity is setting a new standard for the insurance industry and empowering its clients to issue payments instantly.

Wipro’s Intelligent Financial Fraud Detection (IFFD) solution, built on AWS, leverages advanced AI and machine learning to predict and prevent emerging fraud threats in real-time. By accurately identifying suspicious activities and empowering customers with real-time transaction verification, IFFD helps financial institutions protect vulnerable clients and enhance their overall compliance posture.

Cryptocurrency high-frequency trading firms use AWS to reduce latency to major exchanges. By using the Chronicle Tune product to optimize Amazon EC2 instances, customers have seen improvements in tail latency, ranging from 66% to 95%. Using EC2 Cluster Placement Groups has resulted in a 30%-67% reduction in network round-trip tail latency. These optimizations are crucial for maximizing the profitability of their high-frequency trading workloads in the cloud.

Connectivity to the FIX and Swift networks have traditionally required on-prem appliances or connectivity solutions which have been roadblocks for companies looking to migrate some of their workloads to the cloud. With the service offerings provided by Bloomberg on AWS for these critical services, those roadblocks are now removed and the cloud journey can continue.

Global inflation is putting pressure on consumers and insurance providers, leading to rising prices, squeezed margins and increased fraud. Learn how the CDL ecosystem on AWS supports both customers and insurers in addressing the global cost of living crisis, scaling to support hundreds of millions of quotes daily and reducing the cost of buying and providing insurance.

Wawanesa migrated their on-premises Guidewire platform to Guidewire Cloud Platform (GWCP) to enhance digital user experience and leverage cloud agility. They replicated GWCP data to AWS using Database Migration Service, maintaining existing processes while futureproofing operations. This article covers migration challenges, lessons, and outcomes.

Amazon Q and generative BI are transforming business operations, and AWS Partners like ZS Associates, Tiger Analytics, and Compass UOL are pioneering use cases leveraging these technologies to build industry-tailored solutions that improve decision making, operations, fraud detection, software development lifecycles, and more. AWS provides resources to help partners develop and deploy such transformative generative AI offerings.

Instinet is a SaaS-based solution that Ness Digital Engineering built on AWS for the trading and finance industry. It provides technologically advanced brokerage services and helps institutional investors improve performance by reducing complexity and costs. The solution modernized Instinet’s trade processing and solved challenges with Instinet’s previous on-premises, batch-driven architecture.

The evolution of embedded and invisible banking has led to complex integrations between financial organizations and third-party platforms. To simplify identity management across business partners, organizations are investigating identity-as-a-service solutions using blockchain. Capgemini can help implement embedded and invisible banking by leveraging Amazon Managed Blockchain to manage decentralized identities. This provides a single immutable identity for users that scales across sub-units and partners.