AWS Startups Blog

Tag: FinTech

Upbeat on AI: FinTechs Forecast Rebound Informed with Deep Learning

Hicham Oudghiri, chief executive of Enigma, was one of several FinTech CEOs that recently spoke to us about how cloud services and Graphics Processing Units (GPUs) are fueling the rise of conversational AI and recommendation systems. In addition to Enigma, we also spoke to representatives from Ocrolus, NerdWallet, AWS, and internally from NVIDIA to get their thoughts on this hyper-relevant topic.

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How Backbase Leveraged EC2 Hibernation to Reduce Compute Spending by 30%

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.

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Invoiced Simplifies and Automates the Accounts Receivable Process

All startups begin with a great idea. Some seek rapid acceleration with venture capital dollars. Some iterate organically until they have a workable product that truly meets a market need, then use venture capital as rocket fuel. Invoiced, an accounts receivable (AR) management startup, is proudly in the latter category.

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FloodFlash: How Tech-enabled Flood Insurers are Building More Resilient Businesses

Annual losses from UK flooding are estimated to be in the region of £500 million, with huge amounts of uninsured loss every year. “Parametric” or “event-based” insurance is one potential solution to this insurance gap. Using affordable IoT technology and platforms like AWS, FloodFlash is the first company to offer parametric flood insurance to small businesses.

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Toast Co-Founder on Scalability, the Boston Food Scene, and Where Toast Is Headed Next

Boston-based Toast is a cloud-technology platform that was “purpose-built for the restaurant industry,” says Aman Narang, President and Co-founder of Toast. We recently sat down with Narang to chat about restaurant industry trends, why they picked Boston to headquarter in, what challenges they’re facing, and what’s on the roadmap ahead.

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