Category: Financial Services

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.

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.

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.

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.