Tag: Financial Services

In this blog post, we experiment with the Bitcoin Blockchain on AWS and demonstrate how to set up a Bitcoin Node on AWS that can be used to send and receive bitcoin from an external wallet. Before we start with the technical setup, let’s go over the potential of this technology. The history and opportunity […]

In this edition of Financial Services Industry (FSI) Services Spotlight monthly blog series, we highlight five key considerations for customers running workloads on AWS Lambda: 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 help […]

Background on core banking systems Banks around the world rely on core banking systems as their system of record (SoR). A core banking system includes a ledger for all money movement transactions, organized into accounts with computed balances, along with the relevant business logic and workflows for each product. The transactions in the ledger are […]

The concept of purchasing an individual item in multiple installments is not new. Large department stores have offered this for decades in what is called layaway. Layaway is essentially “a purchasing agreement by which a retailer agrees to hold merchandise secured by a deposit until the price is paid in full by the customer” [1]. […]

Cover-More, a leading global travel insurance provider that is part of Zurich Insurance Group, recently won the privilege of providing travel insurance services to Booking.com in Europe. To support this new distribution channel, Cover-More had an ambitious goal of launching a secure, flexible and resilient insurance platform in Ireland in three months – without any […]

With physical distancing and other quarantine measures put in place because of the COVID-19 pandemic, the activities once considered critical to have in-person are shifting to digital and remote channels. This change is also affecting the insurance industry. Having face-to-face interactions with customers has been challenging during this period and the distribution channels have faced […]

re:Invent 2021 celebrated its 10th year with a first-of-its-kind hybrid event, with over 20,000 in-person attendees and a virtual component for those who could not attend in person. For those able to make it to Las Vegas, there was plenty of excitement about being back at an in-person event and exploring the ways the cloud […]

In this edition of the Financial Services Industry (FSI) Services Spotlight monthly blog series, we highlight five key considerations for customers running workloads on Amazon Aurora: 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 […]

Celebrating its 10th year, AWS re:Invent 2021 is gearing up to deliver a week of inspiring content, educational workshops and bootcamps, and plenty of peer-to-peer networking opportunities. This year’s conference will take place in Las Vegas from November 29th through December 3rd, and will have an engaging virtual component for those who cannot join us […]

In this edition of the Financial Services Industry (FSI) Services Spotlight monthly blog series, we continue to highlight five key considerations of a particular service that FSI customers should focus on to help streamline cloud service approval. Each of the five areas will include specific guidance, suggested reference architectures and technical code that can help […]