AWS for Industries

Category: Financial Services

Executive Conversations: Vikram Dewan, Chief Information Officer at Jefferies

John Kain, Head of Financial Services Market Development at Amazon Web Services (AWS) is joined by Vikram Dewan, Chief Information Officer at Jefferies, who recently announced plans to move core business systems, internal and customer-facing applications, IT resources, and companywide data to AWS. In this post, Vikram discussed Jefferies’ digital transformation and explained the value […]

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What AWS Customers Need to Know About UK Proposals on Oversight of Finance Sector and Critical Third Parties

Following the 8 June 2022 HM Treasury’s policy statement on critical third parties, on 21 July 2022, the UK regulatory authorities, the Bank of England (BoE), Prudential Regulation Authority (PRA), and Financial Conduct Authority (FCA) published a joint discussion paper: Operational resilience: Critical third parties to the UK financial sector. The paper sets out detailed […]

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Black Knight Continued Innovation with Document Extraction using AWS Machine Learning Capabilities

Black Knight, Inc. (NYSE:BKI) is transforming the mortgage industry and reimagining the home ownership journey for its customers by utilizing digital engagement, automation, and machine learning (ML). Black Knight Origination Technologies leverages AWS ML solutions to better standardize and validate bank statements, thereby increasing accuracy, reducing manual effort, and lowering costs. This is an example […]

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Digital Transformation of Treasury Customer Servicing

According to one McKinsey Report, cash forecasting is cited among the most inefficient processes by small and large organizations alike. In turn, CFOs are seeking partners to help them navigate from reporting to predicting. Although corporate treasurers are challenged to achieve these efficiencies due to paper-based process (e.g., invoicing, wet signatures) and a lack of […]

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Optimizing data pipelines during mergers and acquisitions

The technology integration process that occurs as a result of mergers and acquisitions (M&A) can be complex and broad, ranging from re-platform to re-architecture. Planning for a technology integration can take months. While CFOs make sure of compliance with local and global requirements, such as exposure reporting, OFAC screening, and customer communication, CIOs are involved […]

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Banking Trends 2022: Cyber vault and Ransomware

Ransomware, a malicious software that is designed to disrupt, damage, and/or gain unauthorized access to a computer system and its data, has been on the rise. As per Sophos, 34% of financial services organizations that were surveyed indicated that they had been hit by ransomware in 2020. Moreover, 51% of those attacks succeeded in encrypting […]

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Preparing for Post-Quantum World in Banking with Amazon Web Services

Banks must continually innovate to gain a competitive edge in protecting customer transactions and data. For decades now, modern banking has relied on the TLS (formerly known as SSL) protocol to encrypt and provide confidentiality for online transactions. In turn, the security of TLS relies on the assumption that it’s extremely difficult for even the […]

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FSI Services Spotlight: Featuring Amazon FSx for NetApp ONTAP

In this edition of the Financial Services Industry (FSI) Services Spotlight monthly blog series, we highlight five key considerations for customers running workloads on Amazon FSx for NetApp ONTAP (FSx for ONTAP) achieving compliance, data protection, isolation of compute environments, audits with APIs, and access control/security. Across each area, we will examine specific guidance, suggested […]

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AWS’s views on HM Treasury’s Policy Statement on Third-Party Providers

On June 8th, Her Majesty’s Treasury (HMT) published a “Policy statement on Critical Third Parties (CTPs) to the finance sector”. In it, HMT sets out plans to designate certain third-party providers, including cloud service providers, as ‘critical’ to the UK financial system. The policy statement details HMT’s proposal for increasing financial stability and market confidence […]

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Rethinking the low latency trade value proposition using AWS Local Zones

At the 2021 re:Invent, it was announced that NASDAQ was partnering with AWS to transform Capital Markets and migrate its North American markets to the cloud. This means that it’s time to rethink the “art of the possible” for cloud trading. With the recent launch of AWS Local Zones in New York, Chicago, Kansas City, […]

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