Category: Financial Services

AWS re:Invent routinely fills several Las Vegas venues with standing room only crowds, but we are bringing it to you with an all-virtual and free event this year. This year’s conference is gearing up to be our biggest yet, and we have an exciting program planned for the Financial Services industry with five keynotes, 18 […]

Trading Technologies (TT) began its journey in the cloud more than five years ago. On the AWS Blog in 2015, we highlighted their cloud migration in terms of platform transformation and the cultural shifts they and their clients made for a successful conversion. What has TT been up to since that time? “In 2015, we […]

Note: We recommend customers to explore Amazon Rekognition Face Liveness, a new feature to deter fraud in facial verification, that is now generally available. Face Liveness detects spoofs presented to the camera (e.g. printed photos, digital photos or videos, or 3D masks) and spoofs that bypass the camera (e.g. pre-recorded real or deepfake videos). Face […]

As discussed in the previous blog, the new Brazilian Instant Payment System (PIX) aims to speed up payments messaging and the availability of final funds to the beneficiary. The PIX results in reduction of costs, increasing security and improving the customer experience. AWS provides the necessary certifications and compliance standards for financial institutions to comply […]

What if? I used to get lunch from a small café near my old office, and I would get the same sandwich every time I was there. Eventually, the staff behind the counter would recognize me when I got in line. With a subtle nod of confirmation, they’d start making and toasting my sandwich so […]

The Basel Regulatory Framework strives for a strict boundary between financial institutions’ trading books and banking books to prevent regulatory arbitrage. The Trade Book element of these regulations (the Fundamental Review of the Trading Book or FRTB) seeks, in exchange for more rigorous risk modeling, to strengthen trade risk management allowing institutions to optimize the […]

Brazilian financial institutions such as banks, investment brokers, and insurance companies are authorized to use cloud services, as long as they comply with applicable legal and regulatory requirements. AWS has a Compliance Center that offers financial institutions a central location to research cloud-related regulatory requirements and how they impact your industry. For example, the Resolution 4658 provides for the cyber […]

We often hear the term “undifferentiated heavy lifting.” This refers to resource-intensive work that needs to be done, but doesn’t differentiate you from your competitors. Building servers and applying security patches to your OS are examples. Such tasks take away time, talent, and capital from higher-value initiatives that set your products and services apart. At […]

Facial recognition is an important tool for identifying a person. Facial recognition systems are already popular worldwide and are used to prevent fraud, particularly in financial institutions such as banks and insurance companies. Although facial recognition systems are relatively new, counterfeiters have already developed ways to bypass them including impersonation, or with the use of […]

The Fundamental Review of the Trading Book (FRTB) is a set of proposals by the Basel Committee on Banking Supervision for market risk capital calculation for banks. This new set of rules (often referred to as “Basel IV”) is intended to create a more resilient market and capture risk adequately for stressed market conditions. It […]