Tag: Banking

In 2019, Dutch fintech startup Floryn started the process to obtain a PSD2 license to also provide customers with insights into their liquidity management and financial health and simplify the customer experience of requesting a business loan. Here’s how they leveraged AWS to do it.

Empowering more than 500 lenders with a SaaS-based lending technology platform, AllCloud has changed how technology is perceived by banks and non-banking financial institutes by leveraging cloud technology to scale and stay secure and compliant.

Credibly, a Michigan-based fintech company, was founded in 2010 to improve the choice, cost, speed, and experience of capital to businesses across the United States. When COVID-19 hit, they quickly created lending solutions for SMBs and soon returned to pre-pandemic efficiency.

Fintech startup CRED walks through how they strengthened security and monitoring over their public VPN instance, which was kept in the public VPC, keeping an ever-watchful eye out for unusual traffic patterns or content that could signify a network intrusion using AWS VPC Traffic Mirroring and a network intrusion detection system.

Belvo is on a mission to turn the complex financial ecosystem throughout LATAM into an easily accessible API. The year-old startup was co-founded by Pablo Viguera and Oriol Tintoré who met each other at Verse, which is Europe’s version of Venmo. Oriol, a former NASA aerospace engineer and founder of Capella Space, found his way into digital banking while getting his MBA at Stanford.

LoanStreet is the first fully-integrated, online platform that streamlines the process of sharing, managing, and originating loans for credit unions, banks, and direct lenders.  Many of LoanStreet’s clients lend to small businesses and individuals, those most in need of funding from the Paycheck Protection Program (PPP) and unable to snag a piece of the initial $310bil.
Their clients were relying on them to get their loans funded.  The only catch: a hard deadline of one week. Here’s how they did it.

BlueVine started its journey with AWS back in 2013 and since then has rapidly adopted more managed services as it grew and most recently using Amazon Textract to create and develop and deliver high scale, resilience, E2E solution that allows small businesses in the US to get access to Paycheck Protection Program (PPP) loans as part of the COVID-19 relief to its small business customers.

Backbase is a leader in digital first, omni-channel banking platform and creator of the Backbase Digital-First Banking Platform, a state-of-the-art digital banking software solution that unifies data and functionality from traditional core systems and new fintech players into a seamless, digital customer experience. As they grew, they found that they needed a way to keep resourcing costs low. Here’s how they leveraged Amazon EC2 hibernation to do it.

Wellstreet, the tech innovation ecosystem, and investment group announced it was launching the Wellstreet Fintech Loft in collaboration with AWS.

Earlier this year, several large financial institutions, including Wells Fargo, Capital One, and the Department of Housing and Urban Development, revealed they had been hit by massive data breaches.