AWS Public Sector Blog

Category: Financial Services

digital hand catching digital currency on blue background

Emerging economies will lead the charge for central bank digital currencies, say experts

China will launch its digital currency February 2022, and the UK and Eurozone have joined the movement for central bank digital currencies (CBDC), but it is the smaller, emerging economies that are leading the charge and have much to gain, experts have predicted. In a recent Global Government Forum and AWS Institute panel discussion, financial technology (FinTech) specialists noted it is the Bahamas and Cambodia who are the CBDC pioneers. The Bank for International Settlements said 86% of central banks are experimenting with CBDCs and 10% are close to implementing them, while banks representing 20% of the global population will launch a digital currency within three years.

Read More
blockchain finance digital currency

The future of money is digital: How the cloud can deliver solutions for central bank digital currencies

Increasingly, central banks want to answer practical questions and make the technology choices involved to deliver a central bank digital currency (CBDC). They need a solution that delivers on their missions and meets the performance criteria required to support a stable monetary and financial system. To help organizations understand available technology options and see how cloud services can enable optimal solution designs, AWS authored a two-part whitepaper. Here are some of the highlights.

Read More
Encryption in transit for public sector

Encryption-in-transit for public sector workloads with AWS Nitro Enclaves and AWS Certificate Manager

Government, education, nonprofit, healthcare, and other public sector organizations process and store sensitive data including health records, tax data, PII, student data, criminal justice information, and financial data. These workloads carry stringent security and compliance requirements to protect the confidentiality, integrity, and availability of this data both in transit and at rest. Best practices for protection of data in transit include enforcing appropriately defined encryption requirements, authenticating network communications, and implementing secure key and certificate management systems. In this post, I demonstrate a solution for deploying a highly available and fault tolerant web service with managed certificates and TLS termination performed on customer-managed EC2 Nitro instances using ACM for Nitro Enclaves.

Read More
ground view of financial services buildings

How the cloud can enable enhanced risk management and innovation

In an environment that is constantly changing due to COVID-19, increased competition, ever-evolving customer sentiments, and emerging technologies, financial services organizations are feeling the pressure to innovate. At the same time, the expectations for an effective risk management program have also increased in response to cyber threats, regulatory pressures, market fluctuations, and increasingly sophisticated financial criminals. Advancements in cloud computing are enabling organizations to improve their risk-management capabilities to get ahead of issues while continuing to deliver on and evolve their business strategy. Learn how the cloud empowers organizations to innovate and effectively manage risk—two enterprises that are often perceived as contradictory but can actually be complimentary.

Read More
FINRA

First step in enterprise modernization: Securely transferring data to the AWS Cloud

One of the most difficult aspects in IT modernization in any industry—especially in highly regulated ones like government, financial services, and healthcare—can be getting data securely from on premises to the Amazon Web Services (AWS) Cloud. In capital markets, moving fast while staying secure can determine an organization’s ability to modernize, optimize, and innovate with new technologies such as data lakes, big data analytics, and machine learning.

Read More
New York City

FINRA CAT selects AWS for Consolidated Audit Trail

FINRA CAT, LLC, a subsidiary of Financial Industry Regulatory Authority (FINRA), announced today it has selected Amazon Web Services (AWS) as its cloud provider for the Consolidated Audit Trail (CAT). The CAT will allow regulators to improve securities market surveillance by creating an extensive audit trail of order information for all U.S. equity securities and listed options across U.S. markets and trading venues. Leveraging AWS’s storage, compute, database, analytics, and security services, CAT ingests more than 100 billion market events per day, pulling together data from 22 stock exchanges and 1,500 broker dealer firms, enabling the U.S. Securities and Exchange Commission and Self-Regulatory Organizations (SROs) to analyze CAT data.

Read More
AWS at Sibos 2019 image

Enabling technological innovation in the financial services industry: Sibos 2019

Each year since 1978, thousands of financial services executives and thought leaders gather at Sibos, the largest industry conference focused on emerging technology trends. Sibos will take place September 23-26, 2019, moving to London for the first time, in honor of the city’s central role in the global financial services ecosystem. In the spirit of the conference theme, “thriving in a hyper-connected world,” Amazon Web Services (AWS) will join Sibos to help attendees differentiate technologies that drive long-term business value from short-lived trends, and discover growth opportunities from new platforms and operating models.

Read More