AWS for Industries
Category: Financial Services
Near Real-time News Clustering and Summarization for FSI
Introduction In today’s fast-paced financial markets, the sheer volume and velocity of news pose significant challenges for investors, traders, and financial institutions. The ability to quickly process, analyze, and act on relevant information can mean the difference between seizing opportunities and falling behind. This blog post introduces an innovative solution that leverages Amazon Bedrock to […]
Accelerating Fraud Detection in Financial Services with NVIDIA RAPIDS™ Accelerator for Apache Spark on AWS
Transaction fraud poses a growing challenge that financial institutions struggle to combat effectively. Recent estimates forecast that payment fraud will exceed $326 billion for the period between 2023 and 2028, with remote purchases of physical goods accounting for over 47 percent of fraud losses¹. Legacy CPU-based systems rely on sequential processing, leading to increased operational […]
DORA scenario testing with AWS Fault Injection Service
The Digital Operational Resilience Act (DORA) is a pan-European legislative framework on operational resilience and cyber resilience in the financial sector. A key component of DORA is the requirement for regulated entities to perform digital operational resilience testing in order to help improve the resilience of their workloads. This blog post outlines how you can […]
Financial Market Infrastructure Providers Cloud Adoption Trends for 2H24
As we look forward to the start of a new year, we wanted to reflect on cloud adoption trends from Financial Market Infrastructure providers (FMIs) for the second half of 2024. Over the last six months, FMIs, such as exchanges, clearing houses (CCPs) and security depositories (CSDs), accelerated migrating critical workloads across all business lines […]
Financial Market Infrastructure Providers Cloud Adoption Trends for The First Half of 2024
This blog post has been adopted from a Newsletter Released in the summer of 2024 With warm temperatures in New York, we took a few moments to reflect on a busy first half of the year from a cloud adoption perspective for Financial Market Infrastructure providers (FMIs). Exchanges, clearing houses (CCPs) and security depositories (CSDs) […]
Modern AWS Data Strategy and Architecture for banking using BIAN Framework
In today’s dynamic rapidly evolving financial landscape, banks face evolving challenges and opportunities. Rising customer expectations, increasing stringent regulatory requirements, and ongoing digital disruption are reshaping the industry. The Banking Industry Architecture Network (BIAN) framework, when implemented using Amazon Web Services (AWS), offers an effective solution to these challenges. This blog outlines a strategy approach […]
How Aquis created a cloud-native exchange to meet the highest regulatory requirements on AWS
Aquis Stock Exchange The Aquis Stock Exchange (AQSE), based in the United Kingdom, is a subsidiary of Aquis Exchange PLC, which operates the seventh-largest pan-European Equities exchange group by daily average volume. Focusing on growth companies, AQSE operates its own markets and sells technology solutions to other exchange operators. In 2023, AQSE became the world’s […]
AWS Responds to Basel Committee on Banking Supervision (BCBS) on Principles for the sound management of third-party risk
In July, the Basel Committee on Banking Supervision (BCBS) published a consultative document on Principles for the sound management of third-party risk. The document notes that ongoing digitization has increased banks’ reliance on third-parties, resulting in a need to evolve the concept of outsourcing and third-party risk management to strengthen the resilience of the global […]
How CSD BR Became the First Brazilian FMI to Migrate Highly Regulated Workloads to the Cloud
In this blog we discuss how CSD BR migrated its Trade Repository to AWS, becoming the first Brazilian financial institution to run a highly regulated workload in the cloud. By migrating to AWS, CSD BR accelerated innovation, increased scalability and lowered hosting costs. About CSD BR Founded in 2018, CSD BR is a Brazilian Financial […]
Streamlining Financial Operations: Leveraging Stripe event destinations with Amazon EventBridge
Stripe is a financial infrastructure platform that provides businesses with the tools to power their online and in person payments, embedded financial services, and custom revenue models. In this fast-paced digital world, customer payment flows require automated workflows to kick off processes such as fulfilling orders after a successful payment, granting user access after a […]