AWS Startups Blog

Tag: Personal Finance

Keeping It Simple: 8 Securities CEO Mikaal Abdulla on Value and Data in Fintech

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.

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OakNorth Turns Risk into Opportunity with Tech

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.

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Engineering Financial Happiness: Tink’s Jens Rantil on Complexity-Free Money Management

Tink, a personal finance management app based in Sweden, has a unique end goal in mind for its users: financial happiness. “We really wanted to take the complexity out of money management by presenting your finances and financial behavior in a more insightful way, and in the end, bring financial happiness,” says Jens Rantil, software and infrastructure engineer at Tink.

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