Category: Financial Services

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 […]

Introduction In an earlier blog post, we described an architecture for backtesting machine learning-based trading strategies on AWS. One of the key components in this architecture is the data management and analytics component. Depending on the specific use case, there are various options to implement this. Many companies adopt solutions based on data lakes and […]

This post is co-authored with Tobias Lierzer of ERGO About ERGO Group ERGO Group is part of Munich Re – one of the world’s leading reinsurers and risk carriers. As one of the major insurance groups in Germany and Europe, ERGO Group is represented in around 30 countries worldwide, focusing mainly on Europe and Asia. […]

Editor’s note: This is the fifth in a monthly series for Financial Services Industry Service Spotlight. Read Part 4 featuring Amazon Transcribe Read Part 3 featuring Amazon Textract Read Part 2 discussing Amazon Comprehend Read Part 1 highlighting Amazon SageMaker Notebook Instances — Welcome to another edition of the Service Spotlight blog series. In this […]

The Challenges with Existing Adjudication Processes Insurers today are seeking to enable more efficient claims processing to improve the experience for the adjudicator as well as the customer. Increased digitization and automation can help deliver this goal. In the Property and Casualty (P&C) industry, the frequency and severity of claims have been increasing and while […]

This post was co-written with Soufiane Matine, Senior Expert Architect at Société Générale and Thierry Wilmot, IT Managing Director at Société Générale. View the blog post in French. One of the many benefits of using the AWS Cloud is the ability to access resources on demand in seconds. That’s why many customers are using the […]

In our last blog, How Cloud-based Data Mesh Technology Can Enable Financial Regulatory Data Collection, we set out an approach whereby financial institutions can share data with regulators in a manner that enables ongoing operational flexibility and the evolution of regulators’ data requirements. By building a regulatory data mesh from AWS Data Exchange nodes, participants […]

The finance industry is transforming with the creation of business platforms for the buy-side of wholesale finance (institutional managers), providing asset performance, risk, Solvency II compliance, and ESG scores. Such platforms can hold trillions of dollars of managed assets, and therefore mandate a high level of security and control for the exchange of asset information […]

The last 12 months have heightened our awareness and the phrase “social distancing” has taken on a new meaning when it comes to proximity to people and exposure to objects (i.e. surface sanitation). From contemplating whether we can touch a door knob, to debating whether or not you sanitized your hands after leaving the grocery […]