Category: Financial Services

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

For decades, Financial Services Industry (FSI) organizations have been relying on various messaging standards to send and receive payments. For example, credit card payments leverage ISO 8583, cross-border payments have been relying on ISO 15022, while various depository institutions or market payments operators have developed their own proprietary messaging standards. FSI organizations are adopting an industry-standard […]

In this edition of the Financial Services Industry (FSI) Services Spotlight monthly series, we highlight five key considerations for customers running workloads on Amazon Elastic File System (Amazon EFS) to achieve compliance, data protection, isolation of compute environments, audits with APIs, and access control and security. Across each area, we examine specific guidance, suggested reference […]

Welcome back to the Financial Services Industry (FSI) Service Spotlight monthly blog series. Each month we look at five key considerations that FSI customers should focus on to help streamline cloud service approval for one particular service. Each of the five key considerations includes specific guidance, suggested reference architectures, and technical code that can be […]

Generative artificial intelligence (AI) applications like ChatGPT have captured the headlines and imagination of the public. Generative AI is a type of AI that can create new content and ideas, including conversations, stories, images, videos, and music. Like all AI, generative AI is powered by machine learning (ML) models—very large models (known as Large Language […]

Earlier this year, the United States Department of the Treasury (UST) released a report titled “The Financial Services Sector’s Adoption of Cloud Services,” based on discussions with financial services and technology organizations, including AWS. The report discusses the ways financial institutions (FIs) and consumers can benefit when FIs use cloud services, including “reduced costs, ability […]

A McKinsey study found that Fortune 500 financial institutions could generate as much as $60 billion to $80 billion in run-rate EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) in 2030 by making the most of the cost-optimization levers and business use cases unlocked by the cloud. Given the numbers at stake, financial institutions are […]

The Financial Services Industry (FSI) is in the midst of a significant transformation and given the key role digitization plays, electronic payments are at the epicenter of this transformation. Payments are becoming increasingly cashless, and the industry’s role in fostering inclusion has become a significant priority. Innovation and development of digital economies are supported by […]

Leading eCommerce enterprises prioritize continuous customer experience innovation—from serving up curated and highly personalized product selections to paperless, QR-code-enabled returns. Enterprises are especially focused on the checkout or payment phase of the customer lifecycle, a stage where friction can mean the difference between a sale and an abandoned cart. Stored payment credentials are a powerful […]

Today, AWS is announcing Amazon FinSpace with Managed kdb Insights, a new capability that makes it simple to configure, run, and manage kdb Insights on AWS. KX Systems’ kdb Insights, a high-performance analytics engine, is optimized for analyzing real-time and multi-petabyte historical time series data. Kdb Insights is widely used in capital markets to power […]