AWS Startups Blog

Tag: Banking

The DBS Paradigm Shift Global Hack Brings Together the Brightest and Craziest

Hackathons challenge us to question our norms and assumptions, as well encourage us to break boundaries and change the status quo. That is why DBS Bank, a Singapore-based multinational bank, has been running and sponsoring over 50 hackathons across Asia over the past five years, bringing together the brightest minds to brainstorm new banking solutions for modern-day problems.

Online-lending Platform Konfío Helps LATAM SMEs Get Funding

As some economies develop, small businesses that also develop and grow can sometimes be left out in the rain when searching for capital. Banks frequently look for collateral to be posted with loans, which can be difficult for smaller companies. This gap in offering is exactly where many startups are flourishing via assessing companies credit statuses through atypical methods or data, and providing financing to the previously underserved. Konfío, a fintech startup founded in 2013, does just that for micro-businesses throughout Latin America.

OakNorth Turns Risk into Opportunity with Tech

For OakNorth, tech and banking truly go hand-in-hand. Its data and technology platform, OakNorth Analytical Intelligence (ONAI), allows it to do balance sheet lending via OakNorth Bank in the UK, profitably originating over £2 billion without a single default or late payment since its launch in September 2015.