Category: Financial Services

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.

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.

Financial services customers face new industry regulations that require additional compute capacity up to 10 times to meet their regulatory demands. Learn about new service integrations and functionality that make TIBCO DataSynapse GridServer on AWS a great match to run grid computing workloads. These integrations help customers scale their grid workloads to take advantage of the compute elasticity and flexibility of AWS and GridServer without up-front capital expenditure.

Customer onboarding remains a challenging and time-consuming process for most banks. Both digital and traditional processes are often overly complex, resulting in lower conversion rates and higher cost of acquisition. To overcome these challenges, numerous financial institutions have started customer onboarding online. In this post, walk through the use case of one of the largest financial institutes of Europe for whom Infostretch provided a substantial breakthrough to onboard the customers digitally.

Montoux’s next-generation decision science platform for insurers uniquely combines actuarial and data science in its software, providing a modern, flexible, and sophisticated alternative to legacy actuarial software. Learn how the AI-driven model replication module is specifically developed to support an insurer’s transition to cloud and reduces the time, cost, and effort required to migrate to a new platform.

By avoiding inspections, insurers lose the opportunity to adequately consider all factors during underwriting and take on more risk. TCS has built a virtual inspection solution on AWS that is customizable to various inspection use cases, such as home insurance inspections and claims, auto claims damage assessment and estimation, and mortgage inspection. This post provides an overview of the TCS virtual inspection solution, describes the high-level architecture, and explores the potential business benefits for insurers.

Financial institutions need to keep up with fast-changing market conditions while increasing digital adoption. To provide an end-to-end digital experience to customers, they need capabilities to rapidly validate ideas and conduct experiments or PoCs with an ability to iterate quickly towards the final solution. Virtusa’s Open Innovation Platform (OIP) is hosted on AWS and helps banks and financial services firms to achieve these goals quickly, efficiently, and at low cost.

Open Finance from AWS ISV Partner FinConecta is a full-fledged API management platform that allows financial institutions to quickly expand their product offerings by enabling secure, reliable, and faster integration of third-party digital solutions. By implementing Open Finance, institutions will have quick access to valuable digital services, developed by third parties, without requiring the execution of traditional software development and implementation projects, in a secure and controlled manner.