Tag: Financial Services

Verisk provides data analytic insights to customers in insurance, energy and specialized markets, and financial services. Learn how a joint team from AWS and Verisk Argus migrated petabytes of SQL Server data from on-premises to Amazon S3 and Amazon S3 Glacier using AWS Snowball Edge and the Amazon EMR custom Spark ingestion framework. Through this migration framework, Verisk Argus is positioned to save millions of dollars by moving to AWS from their data center.

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.

We are excited to highlight 88 AWS Partners that received new designations in October 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.

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.

We are excited to highlight 74 AWS Partners that received new designations in August 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.

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.

Digital continues to redefine the customer journey for banks, and the usage of digital channels is driving the next generation of customer experience. Learn how HCLTech’s Ziva, FluidCCI, and APIHub solutions are fully built on AWS and form an end-to-end Bank 4.0 offering for traditional and digital banks looking to transform their agent, business, and customer experiences for digital differentiation and/or cost reduction initiatives.

Containerization has emerged as one of the most popular choices for application deployment. Some apps can be easily moved to managed container platforms, but they require changes before they are ready for containerization. The Atos cloud factory migration approach helps customers adopt modernization along with migration rather than do it in a two-step process which starts with lift and shift and ends with modernization. Atos is an AWS Advanced Consulting Partner with the Migration Competency.