New tools, no limits: Pushing the envelope in financial services (FSI201)

Transforming the Financial Services Industry with AWS

Pushing Against Boundaries

  • Financial institutions are transforming their core services and making them more meaningful to end-clients
    • Aviva reinvented auto insurance by creating a carbon-conscious product, Aviva Zero
    • Klarna is using machine learning and real-time data processing to power instant, informed credit decisions

Blazing New Trails

  • Financial institutions are anticipating customer needs and building solutions to future problems
    • S&P Global is using AWS to bring transparency to private markets by processing massive amounts of data and applying fine-tuned machine learning models
    • AXA is developing a secure risk management platform that combines industry, business, and environmental data with geospatial analytics and generative AI

Pushing Beyond

  • Financial institutions are leveraging AWS to access new markets and expand their reach
    • Standard Chartered Bank developed a banking-as-a-service solution called Audax to provide financial services capabilities to underbanked consumers and businesses
    • Visa is enabling cloud-native FinTechs and enterprises to access its global processing network through Visa Cloud Connect

Key Takeaways

  • Financial institutions are partnering with AWS to reinvent their core services, anticipate customer needs, and access new markets
  • Examples showcase how organizations like Rocket Companies, Fiserv, and Santander are using AWS to drive innovation and push the boundaries of what's possible in the industry
  • Leveraging AWS enables financial institutions to experiment, test hypotheses, and iterate quickly, translating big ideas into customer-centric solutions
  • The financial services industry continues to raise the stakes, with no signs of slowing down in their pursuit of transforming the industry through technology.

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