Category: Financial Services

As the adoption of Amazon EKS for running Kubernetes clusters grows, customers are seeking ways to better understand and control their costs. To address these customer needs and shed more light on EKS costs, AWS has collaborated with Anodot, an AWS Partner that uses machine learning to autonomously monitor and alert on costs in near real time, and provides recommendations to help customers quickly resolve cost anomalies.

Learn how Amazon FinSpace, a data management and analytics service purpose-built to help solve these challenges for the financial services industry, and our AWS Partners have developed business-ready platforms that map to the needs of industry analysts, data scientists, quants, and asset managers. These validated AWS Partners accelerate deployment with ready-made frameworks for specific sub-sectoral business cases using Amazon FinSpace.

Platea Banking is a digital banking solution developed by NTT DATA to be used by clients as an accelerator in their modernization journeys, especially when creating a new banking platform. It’s positioned as a modernization vehicle that provides a ready-to-go digital infrastructure and architecture over both internal and external components as core. Platea includes pre-built functional modules and integrations with a third-party ecosystem, with Mambu at its heart as a core engine.

Infusing machine learning into core business processes such as credit scoring creates a competitive edge for banks and financial services institutions. It does not require a data science team, expertise, or platform rollout. Explore an ML-based credit-decisioning model built by ElectrifAi in collaboration with AWS whose model rapidly determines the creditworthiness of a SME, and data-driven, actionable insights reduce the overall processing cost and are consistent and free from any potential human biases.

Enterprises require the ability to be proactive on modern governance challenges. The difficulty is knowing what data you have, where it’s located, its business value or risk to the organization, and how it can be protected. The Smarsh Enterprise Platform enables companies to capture, retain, analyze, and act on the “signals” in communications that are most critical to the business. These include compliance and brand risks and may expand to include security threats, cultural indicators, untapped revenue opportunities, and more.

Procure-to-pay automation often creates data silos which cause new problems and inefficiencies. Businesses need to break down data silos for a complete picture of spending and saving enterprise-wide. It’s time to reimagine the procure-to-pay process with a data-driven and fact-based approach. Learn how Genpact and AWS helped a Fortune 500 energy giant transform its procure-to-pay business, delivering savings of over $100 million in the first year alone.

Open banking is revolutionizing financial services and companies like Yapily are at the forefront of this new wave of innovation. Learn how to build and deploy a basic application on AWS in a few simple steps using the Yapily Bank Connector. We’ll demonstrate how an end user would select their bank from a list, securely connect to that bank and give consent to either share data or make a payment. Connecting to thousands of banks, Yapily uses a secure open API to power industry leaders in financial services.

Data quality is traditionally inconsistent and slow across teams and functions. Custom solutions are purpose-built, of varying quality, and rarely maintained. Elula developed a proprietary Data Quality Checker (DQC) powered by AWS Glue, and an Automated Data Assessment (ADA) user interface to accelerate the identification and prioritization of issues. Elula is an AWS Partner and leading provider of artificial intelligence (AI) software to the financial services sector.

As digitization rewrites the future of banking, traditional core systems are falling short. Transactions are increasingly moving to the digital realm, and banks find themselves looking at the mammoth task of processing thousands of transactions per second, particularly during seasonal spikes. Learn how Finacle’s digital banking solution suite on AWS delivers business agility, lowers TCO, automates intelligent operations, and accelerates ecosystem innovation.

To meet compliance like PCI-DSS, SOC2, and HIPAA, a customer typically has to change their architecture and workload, which can take significant time, money, and effort. With Very Good Security (VGS), customers retain full control over their data while offloading information security burdens, transferring the risk of a data breach, and fast-tracking compliance. VGS acts as a secure layer between your company and sensitive data.