Tag: FinTech

Join us for an inside look into FinTech startups building on AWS! We will be joined by some startups from the financial industry, including Betterment and Even Financial, to discuss how they got their start, their company missions, and how Amazon Web Services helped them accomplish their architectural goals.

Founded in Berlin in 2016, Elinvar offers an e-commerce model that combines business to business (B2B) and business to consumer (B2C). It’s a platform that allows independent discretionary portfolio managers and private banks to provide customized digital offerings to their upscale clients.

Founded in 2013, Arkose Labs offers an array of tools to help enterprises protect themselves against fraudulent activity. The San Francisco-based company works within a variety of industries, including retail, gaming, marketplaces, and travel. Check out the above interview of CEO and cofounder Kevin Gosschalk to learn more about how the team at Arkose Labs thinks about outsmarting fraudsters.

With booming growth and a focus on innovation, the fintech industry is clearly poised to see significant advancements in the near future. As customers—especially younger generations—gravitate toward the ease and efficiency of mobile options to satisfy their financial needs, even large institutions have begun adapting to meet demand by offering digital documentation and app-based banking functionality. Still, no one in the industry would argue that many of the nimblest new products come from the startup world, where forward-thinkers can build from the ground up. 8 Securities, a mobile-only investment service based in Hong Kong, is one such company looking to change the paradigm of finance.

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.

By now, it’s commonplace for banks to claim the mantle of “tech company.” But 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. Outside the UK, it licences its ONAI platform to banks and other lenders, operating as a PaaS business on the strength of its unique tech.

Almost every engineer that starts at Brex asks, “Why are we using Elixir?” It’s a question with an interesting answer, and one that we thought a lot about before we even began building Brex.

LendUp builds technology, credit products and educational experiences for the 56% of the US population who are shut out of, or mistreated by, mainstream banking because of poor credit or income volatility. We want to provide anyone with a path to better financial health.

Learn more details about how TransferWise, OakNorth, Funding Circle and Monzo all leverage the benefits of the AWS cloud.

There are two key types of market participants; those who are trying to make money from the markets and those who are assigned to police those trying to make money. Examples of the former type include investment banks, hedge funds and asset managers, while examples of the latter includes in-house compliance, financial regulators and exchange surveillance teams.