Category: Financial Services

Protecting sensitive (personal data such as payment and health data) is one of Amazon’s highest priorities. In support of this goal, Amazon developed Lumos, a highly secure and scalable internal service that provides low-latency APIs to tokenize sensitive data. Lumos is a cloud-native application built on Amazon Web Services (AWS) serverless and security offerings; processing […]

A Core Banking system is, as the name suggests, the very core of a bank. It is the back-end system that processes banking transactions, posts updates to accounts and other financial records and often holds critical customer information. It typically includes deposit, loan and credit processing capabilities, with interfaces to general ledger and reporting systems. […]

Two emerging technologies—digital assets and generative artificial intelligence (AI)—when used together stand to transform public sector entities, driving new levels of efficiency and security, as well as financial innovation and inclusion. Digital asset innovations, such as blockchain and cryptographic signatures, will bolster public sector information authenticity and create tamper-resistant records. Generative AI, and the compute […]

In the dynamic insurance industry, companies are constantly seeking ways to streamline their operations and deliver exceptional customer experiences. One such approach is the automation of the insurance claims processing lifecycle using various AWS services. In this blog, we’ll explore how to leverage the capabilities of Amazon Bedrock with Generative AI to operate Large Language Models […]

The credit card dispute management process in banks is often manual, time-consuming, and because of legacy systems. This inefficient process leads to slow dispute resolution times, poor customer experiences, potential revenue losses and challenges in complying with regulations. Banks and customers face consequences from this problem; banks face operational inefficiencies, high costs, and customer dissatisfaction, […]

In the High Frequency Trading (HFT) industry, every microsecond counts. Flow Traders, a leading global liquidity provider, has always depended on precise time measurement to maintain an edge over competitors. Historically, on-premises infrastructure relied on expensive, specialized hardware timing devices to achieve the nanosecond-level of time crucial for determining network, hardware, and software latencies, as […]

In April 2023, the Office of the Superintendent of Financial Institutions released its revised Guideline B-10 on Third-Party Risk Management (“Guideline” or “B-10”). The Guideline is effective as of May 1, 2024. It applies to all federally regulated financial institutions (FRFIs). This marks the first time since 2009 that OSFI has updated B-10. Broadly, the […]

Today the latest version of the AWS Well-Architected Financial Services Industry Lens is available in the Lens Catalog of the AWS Well-Architected Tool. In this post, we walk through how Financial Services Industry customers can apply and use the AWS Well-Architected Financial Services Industry Lens to conduct a Well-Architected Framework review. The AWS Well-Architected (WA) Framework […]

This blog is part of the series, Generative AI and AI/ML in Capital Markets and Financial Services. Introduction: Prompt engineering and advanced prompting are powerful techniques that allow users to guide and shape the behavior of large language models (LLMs). By crafting well-designed prompts, business users and analysts in financial services can leverage the knowledge […]

A summary of the panel discussion at the AWS Financial Services Symposium Written with the help of Anthropic Claude 3 Sonnet on Amazon Bedrock The AWS Financial Services Symposium took place on June 6 in New York City, where several hundred AWS customers and partners in the financial services industry convened to explore how technology […]