Tag: Financial Services

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.

By: Nisha Dekhtawala, Sr. Partner Solutions Architect – AWS By:Diego Colombatto, Prin. Partner Solutions Architect – AWS By:Rick Hoehne, Sr. Partner, Financial Crime – IBM By:Abhay Mhatre, Associate Partner, Data & Technology Transformation – IBM By:Sanal Kumar, Partner Developmenet Manager – AWS Introduction In today’s digital world, institutions face significant challenges with onboarding new customers […]

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.

Temenos is one of the largest banking ISVs in the world, serving more than 40 of the top 50 banks while consistently devoting 20% of annual revenue to R&D. Temenos regularly benchmarks key offerings, as teams seek to exceed the capacity their largest customers are likely to need. This is known as the Temenos high-water benchmark and was last run in 2019 on AWS. Explore the complex requirements for this benchmark, and learn how YugabyteDB powered Temenos’ software to reach higher performance.

In the financial services industry, detecting fraud is a complex process. For any given transaction or activity, the system needs to decide whether it’s fraudulent or not and take action within seconds. With Redis Enterprise Cloud‘s sub-millisecond latency speeds, up to five 9’s of availability, linear scalability, and multiple data model support coupled with the global cloud infrastructure support of AWS, organizations can benefit from building a real-time fraud detection system to manage and control fraud.

AWS Partners represent a variety of geographies, backgrounds, and interests. With a network so widespread, AWS collaborates with businesses that excel in providing value-added services to customers from varied industries, including healthcare and life sciences, travel and hospitality, financial services, energy and utilities, media and entertainment, automotive, education, and more. Our industry-focused approach leverages specialized expertise and purpose-built solutions to help partners transform with AWS and solve the challenges facing various markets.

As BJSS demonstrates in this post, hosting a trading platform for a major market in the cloud has long been technically feasible, and the last four years have only solidified the argument for migration of trading systems to cloud infrastructure. The study BJSS performed should be used as confirmation of cloud capabilities by those weighing the cost and opportunity of a transition. Early adopters of cloud services have benefited from the advantages of improved resiliency, scalability, security, and flexibility.

Usage-based insurance (UBI) programs are supported by telematics and collect data about vehicle usage and driving behaviors, including speeding, harsh braking, and acceleration. Learn about a vehicle telematics solution from Globe Cascadeo and how it can be leveraged by insurers and drivers for usage-based insurance. This post also covers the benefits and tradeoffs of UBI and touch upon other potential use cases for this solution.

As with most industry segments, financial services are experiencing a shift towards the software-as-a-service business and delivery model. Explore how partnering with the AWS SaaS Factory team, Prometeia created a new platform as a SaaS solution on AWS. Prometeia is a leading provider of advisory services, tech solutions, and research insights. A unique combination of skills has made Prometeia a leading European company for risk and wealth management solutions, as well as services for institutional investors.

FinConecta is an AWS Partner which knows that in the new financial landscape, connectivity and interoperability of systems raise great challenges for those who want to remain relevant. Therefore, its API cloud-based platform, Open Finance Sandbox, is designed to streamline the adoption of new technologies for different players across industries. Dive deep on the platform’s main characteristics and learn how it can accelerate digital transformation in the financial industry.