Category: Financial Services

This post was co-written with Paulo Barbosa, the COO of Banfico.  Introduction Banfico is a London-based FinTech company, providing market-leading Open Banking regulatory compliance solutions. Over 185 leading Financial Institutions and FinTech companies use Banfico to streamline their compliance process and deliver the future of banking. Under the EU’s revised PSD2, banks can use application […]

Discovering and solving financial crimes has become a challenge due to an increasing amount of financial data. While storing transactional payment data in a structured table format is useful for searching, filtering, and calculations, it is not always an ideal way to represent transactional data. For example, determining if there is a suspicious financial relationship […]

Operational resilience is your firm’s ability to provide continuous service through people, processes, and technology that are aware of and adaptive to constant change. Downtime of your mission-critical applications can not only damage your reputation, but can also make you liable to multi-million-dollar financial fines. One way to test operational resilience is to simulate life-like […]

Financial companies process hundreds of thousands of documents every day. These include loan and mortgage statements that contain large amounts of confidential customer information. Data privacy requires that sensitive data be redacted to protect the customer and the institution. Redacting digital and physical documents is time-consuming and labor-intensive. The accidental or inadvertent release of personal information […]

Since the 2008 financial crisis, banking supervisory institutions such as the Basel Committee on Banking Supervision (BCBS) have strengthened regulations. There is now increased oversight over the financial services industry. For banks, making the necessary changes to comply with these rules is a challenging, multi-year effort. Basel IV, a massive update to existing rules, is […]

The adoption of the ISO 20022 messaging standard by the financial industry will benefit all participants across the payments chain: banks, market infrastructures, corporate, and consumers. By moving the SWIFT messaging and communications infrastructure stack onto AWS, customers can speed their adoption of ISO 20022. At the same time, they can reduce costs, and improve […]

Cloud is part of the new normal in the financial services industry. Higher customer expectations have raised the stakes, pushing institutions to streamline operations, lower costs, and accelerate innovation. The conversation is no longer about whether to embrace the cloud, but rather, how quickly it can be done. To address the need to provide tailored […]

Introduction If you’re an enterprise organization, especially in a highly regulated sector, you understand the struggle to innovate and drive change while maintaining your security and compliance posture. In particular, your banking customers’ expectations and needs are changing, and there is a broad move away from traditional branch and ATM-based services towards digital engagement. With […]

This post was co-written with Javier Jose Pecete, Cloud Security Architect at BBVA, and Javier Sanz Enjuto, Head of Platform Protection – Security Architecture at BBVA. Introduction Speed and elasticity are key when you are faced with unexpected scenarios such as a massive employee workforce working from home or running more workloads on the public […]

This month’s Architecture Monthly magazine delves into the high-stakes world of banking, insurance, and securities. From capital markets and insurance, to global investment banks, payments, and emerging fintech startups, AWS helps customers innovate, modernize, and transform. We’re featuring two field experts in October’s issue. First, we interviewed Ed Pozarycki, a Solutions Architect manager in the […]