Category: Financial Services

Global banking in the digital age Global banking is being disrupted from many angles. The COVID-19 pandemic has produced a profound change in consumer habits, fuelling the growth of digital banking. For many banks, the legacy technology that once drove business success now inhibits progress due to a lack of flexibility and scalability. Banks are […]

Digital banking growth has accelerated The global banking landscape has experienced significant change over recent years. Customers increasingly expect an always-on, fully digital and personalized experience in their daily life, triggering changing expectations around their banking services. A confluence of industry drivers—heightened customer expectations, new regulations (such PSD2 in EU/UK, and new digital only banking licenses […]

The regulatory landscape Compliant record retention is a regulatory expectation for certain financial services institutions. The US Securities and Exchange Commission (SEC), Commodities Futures Trading Commission (CFTC) and the Financial Industry Regulatory Authority (FINRA) have recordkeeping rules that establish the types of records that regulated broker-dealers (BDs) must maintain. SEC and FINRA rules outline specific […]

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

How does a company build a solution to a complex business challenge when the required technology and skills are new to the organization? Global fintech company Broadridge Financial Solutions (Broadridge) faced this question as it considered how to improve the operational efficiency of its Proxy Policies and Insights (PPI) tool. Broadridge has used Amazon Web […]

The emerging regulatory landscape in Europe and the UK  The European Commission’s proposal for a Digital Operational Resilience Act (DORA) will introduce new regulatory requirements that will impact how financial services institutions in the EU work with cloud providers and other third parties. In parallel, the Bank of England (BoE), the Prudential Regulatory Authority (PRA) […]

In this edition of the Financial Services Industry (FSI) Service Spotlight monthly blog series, we highlight five key considerations of the Amazon Elastic Kubernetes Service (EKS), including achieving compliance, data protection, isolation of compute environments, audits with APIs, and operational access and security. Each of the five areas will include specific guidance, suggested reference architectures, […]

The banking sector continues to see tremendous advances in digital customer engagement and automation technologies, which have created many opportunities for the industry. Sterling National Bank, a $30 billion financial institution based in northeast US, is using this opportunity to expand into the digital sector and streamline its customer banking experience. Their vision includes an […]

Editor’s note: Visit AWS FSI Services Spotlight to view the previous posts of the monthly blog series. In this edition of Financial Services Industry (FSI) Service Spotlight monthly blog series, we highlight five key considerations as they pertain to Amazon Athena including achieving compliance, data protection, isolation of compute environments, audits with APIs, and operational […]

This blog post is co-authored in partnership with the Chime Engineering team. Mike Barrett, VP of Engineering Services at Chime remembers when he first heard the term “undifferentiated heavy lifting“. The term was coined by Jeff Bezos, CEO of Amazon.com, in a presentation he gave in 2006 at MIT to describe all the hard IT […]