Tag: FinTech

Originally starting out as a crypto exchange for the Central-Eastern-European region, Budap were soon facing waves of chargebacks that threatened the business. Unfortunately, by looking around the market we found most legacy companies operating in the risk tech space lacking. They were either prohibitively expensive for an upstart, requiring a long term commitment upfront or the integration process was to be slow and painful, and they often relied on stale data for risk scoring that was not appropriate for certain target markets. SEON was essentially founded to tackle all of these problems.

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 companies like finAPI enable access to and analysis of banking data and thus support banks, financial service providers, insurance companies, and many other software providers to reposition their digital services and create customer-friendly value-added services.

This week on the AWS Security Blog we will be sharing a post for startups and small teams on how they can improve their security in the cloud. We also want to share two customer stories about their journey to achieving a solid security backbone in the cloud. In this post, we hear from Tic:Toc, a fintech startup based in Australia.

German fintech company FlNANZCHECK.de highlights some of the challenges that arise from operating in a regulated world as an organization focused on agility and take a deep dive into three specific regulatory requirements they faced and how they used the technology offered by AWS to help solve each of them.

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.

CloudZero is a Boston-based cost intelligence platform that helps companies determine how best to invest in their cloud infrastructure. Founded in 2016, the startup uses machine learning to produce up-to-date cost insights, allowing engineers to make informed decisions in real-time when launching new products and features. With such a business, it makes sense that CloudZero has been closely tied in with AWS since the startup was founded.

Here’s how to maximize AWS re:Invent 2020 as a fintech startup.

Based in Spain, fintech startup MONEI was founded in 2019 and recently won AWS’s Startup Architecture Challenge: Iberia, which comes with a prize of $25,000 in AWS credits. In its winning submission, MONEI’s CTO Dmitriy Nevzorov highlighted how building a 100% serverless architecture using AWS formed a central part of the company’s strategy, allowing it to focus on reliability and scalability and provide low-cost solutions to its customers.

येLo (Yelo Bank), which was founded in 2019 and started building its banking platform in January 2020, recently won AWS’s Startup Architecture Challenge program in India, which comes with a prize of $25,000 in AWS credits. In its winning submission, येLo co-founder and CTO Nishant Chandra highlighted how building the neo-banking stack using AWS gave the startup a simple, elegant, and secure architecture.