Tag: Financial Services

In today’s world, consumers have more power than ever before, and even more choices and experiences. However, this poses a unique challenge for insurers. Typically, insurance companies have limited touchpoints with the customer, given the insurance value chain of quote, buy, and claim. This leaves the provided customer experience as the key competitive differentiator. Simplifying the […]

Maria E. Tsani Head of Financial Services Public Policy & Regulatory Affairs EMEA at Amazon Web Services (AWS) On 10 May the European Council, Commission and Parliament announced a provisional political agreement on the Digital Operational Resilience Act (DORA). This agreement will set the foundation for a harmonized pan-EU framework on operational resilience, which AWS […]

Payment data security architecture is undergoing a tremendous evolution. Increasing volumes of payments are moving to mobile devices, FinTechs and neobanks are growing in prominence, and many FSIs are taking a cloud-first approach to serving their customers. This post details how AWS and Futurex have worked together to offer a streamlined method for organizations to […]

Robert Butcher, Solution Architect, Global Financial Services, AWS Front Office risk data is the lifeblood of Investment Banks. It informs every trading decision that they take, both commercial and prudential, and it’s critical for planning and regulatory reporting purposes. In this post, we present a reference architecture for a Front Office Risk Store (risk store) […]

Intro to service Over the last 20 years, the users for data analytics have grown as a result of a surge in the variety and volume of data that companies can collect. To prepare data for analytics or machine learning projects, data scientists and analysts have to either use spreadsheets to explore and experiment with […]

Customer habits have been changing over the last decade, with customers expecting frictionless and instant access to their banking needs. Banking customers have prioritized digital self-service via mobile and web over branch or phone banking, with the COVID-19 pandemic only accelerating this trend. Although digital channels are rising in importance, the ability to converge channels […]

Global financial services markets are preparing to kick off the transformational migration to the new messaging standard, ISO20022. The coexistence period defined by SWIFT starts in November 2022. Since the publication of AWS’s guidance for migrating the SWIFT client connectivity stack to cloud, we have seen all sizes of financial services institutions and corporate treasuries […]

Welcome back to the Financial Services Industry (FSI) Service Spotlight monthly blog series. Each month we look at five key considerations that FSI customers should focus on to help streamline cloud service approval for one particular service. Each of the five key considerations includes specific guidance, suggested reference architectures, and technical code that can be […]

This edition of the Financial Services Industry (FSI) Services Spotlight monthly blog series highlights five key considerations for customers running workloads on Amazon Connect: achieving compliance, data protection, compute environment isolation, audits with APIs, and access control/security. Across each area, we will examine specific guidance, suggested reference architectures, and technical code to help streamline Amazon Connect service approval. […]

In this blog post, we experiment with the Bitcoin Blockchain on AWS and demonstrate how to set up a Bitcoin Node on AWS that can be used to send and receive bitcoin from an external wallet. Before we start with the technical setup, let’s go over the potential of this technology. The history and opportunity […]