Tag: Financial Services

We are excited to highlight 72 AWS Partners that received new designations in February for our global AWS Competency, AWS Managed Service Provider (MSP), AWS Service Delivery, and AWS Service Ready programs. These designations span workload, solution, and industry, and help AWS customers identify top AWS Partners that can deliver on core business objectives. AWS Partners are focused on your success, helping customers take full advantage of the business benefits AWS has to offer.

In global trade, a letter of credit (LC) is a commonly used financial instrument that ensures the payment of goods and services while reducing risks during transactions. The traditional LC process includes many challenges such as overdue payments, data breach risks, and fraudulent activities. Learn how Capgemini’s letter of credit solution simplifies and secures the LC issuance process through digitization and building “trust networks.”

Most banks are still running legacy core systems developed over 30 years ago for mainframe computing. These software applications pre-dated the internet and were monolithic by design. Finxact is an AWS Partner that was begun five years ago by a team of engineers with deep experience in the design of core banking systems. Its mission was to couple this domain expertise with the most modern cloud-based technologies and programming languages to produce a core platform for the modern era of banking.

Forward-looking finance teams will build resilience and responsiveness to future disruption. To deliver this strategic mandate, finance offices must be data-driven and share insights that help the organization connect, predict, and adapt within a changing business environment. Learn how Genpact’s data lake analytics reference architecture helps finance teams incorporate functional expertise into AWS solutions with the goal of delivering business impact beyond increased productivity.

As organizations acquire more and more data, the need to effectively store and query the data has become very important. Canvas Glide from LTI is a tool for administering Amazon Redshift’s day-to-day routine tasks. It also helps organizations manage all financial aspects related to cost allocation, chargeback, monitoring, and planning of Amazon Redshift clusters. Learn how Canvas Glide assists administrators to successfully manage their clusters and guides them on common maintenance tasks.

AWS Partners with the Financial Services Competency have demonstrated industry expertise, readily implemented solutions that align with AWS architectural best practices, and have expert staff with AWS Certifications. Learn about Kasasa’s multi-year migration from legacy architecture to AWS, the benefits of Kasasa’s software-as-a-service rewards platform, and how Kasasa brought 900+ community financial institutions along for this epic journey.

Most financial institutions are at different stages of their cloud journey. Many are challenged with delivering new and enhanced services, providing services faster, and driving operational efficiencies while facing increasingly competitive markets. Learn how Avaloq has laid a good foundation to help businesses ease the journey of testing and integrating new solutions by managing the complexities across various phases utilizing Avaloq’s sandbox solution powered by AWS.

Open Finance initiatives have been gaining momentum across the world. These initiatives require that banks provide access to customer data through a common, open API for third-party applications, which are referred to as fintech apps. Learn how to build and deploy a basic fintech app on AWS in under an hour by using the Plaid Link API. This app allows users to sign up, log in, select their bank from a list, connect to that bank, and display the latest transactions.

When implemented in legacy on-premises systems, business rules tend to be rigid in nature and impact business agility. By using a combination of AWS managed services, Capgemini can build a cloud-based rules engine that can be scaled to increasing data volume, easily configured, and quickly accessed. This enables organizations to be completely agile in developing new business rules, or updating/retiring business rules, without relying on IT.

Group insurance companies need to provide higher service levels to their stakeholders—employers, employees, brokers, other ecosystem partners, and their own insurance personnel—to remain competitive. Using Vitech’s V3locity Application Service allows group insurance companies to exceed the necessary service levels (short-term and long-term) while offloading the management of the associated application and infrastructure services to Vitech, through its collaboration with AWS.