Category: Financial Services

Stripe is a financial infrastructure platform that provides businesses with the tools to power their online and in person payments, embedded financial services, and custom revenue models. In this fast-paced digital world, customer payment flows require automated workflows to kick off processes such as fulfilling orders after a successful payment, granting user access after a […]

In an era where AI transformation rapidly reshapes industries, financial technology (fintech) companies like Remita constantly seek innovative solutions to enhance their service offerings. One such innovation is the integration of Generative AI, which has the potential to revolutionize various aspects of fintech operations, most importantly enhancing user experience. Remita, a leading Nigerian fintech company, […]

AWS is the first Cloud Service Provider (CSP) to join the Sheltered Harbor Alliance Partner Program and has developed a Sheltered Harbor vaulting architecture to provide participating financial institutions with a blueprint and guidance on building-out their Sheltered Harbor compliant and certifiable cloud-based data vault (DV) with native AWS services. AWS’s resilient infrastructure, security capabilities, […]

Learn how to execute Monte Carlo Simulations and Machine Learning data processing at any scale with AWS Step Functions Distributed Map and AWS Lambda. Organizations across the financial services industry including those providing insurance products rely on Monte Carlo simulations and machine learning feature engineering processes for product development and risk analysis. These processes often […]

The Digital Operational Resilience Act (DORA) is a pan-European legislative framework on operational resilience and cyber resilience in the financial sector. DORA outlines improvements in information and communications technology (ICT) and security risk-management requirements, a harmonization regime for ICT incident reporting, development of a digital operational resilience testing framework, and an oversight framework for critical […]

The Digital Operational Resilience Act (DORA) is a pan-European legislative framework on operational resilience and cyber resilience. DORA outlines improvements in information and communications technology (ICT) and security risk-management requirements, a harmonization regime for ICT incident reporting, development of a digital operational resilience testing framework, and an oversight framework for critical ICT third-party providers. The […]

Life insurance underwriting is poised for significant transformation, driven by increasing customer expectations and enabled by the growing sophistication of technologies like data analytics, wearables, artificial intelligence (AI), and Generative AI. Modern insurers are leveraging these technologies to optimize their end-to-end underwriting processes. This article discusses the opportunity space and how AWS services facilitate substantial […]

In today’s digital-first world, streamlining the customer onboarding journey in retail banking is crucial for business growth and customer acquisition. Banks understand the need to shift their focus from product-centric to customer-centric origination. By prioritizing the customers’ needs and preferences throughout the digital onboarding process, banks can create a foundation for stronger relationships, cross-selling opportunities, […]

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. […]