Financial Services
Financial Services
Why?
Financial services institutions are leveraging the cloud as they seek more effective ways to increase efficiency, grow revenue, expand market share, and easily embrace new business models. After significant success with moving discrete workloads, financial institutions are now migrating business-critical applications at scale and developing new cloud-native applications that drive innovation.
The cloud enables financial organizations to respond to rapidly evolving customer expectations, compete with new market entrants, leverage emerging technologies, and navigate expanding regulations in today's transformed landscape.
What?
Cloud adoption for financial services involves transitioning digital assets, services, applications, and IT resources from traditional on-premises systems to AWS's comprehensive cloud infrastructure. This transformation encompasses several key business imperatives:
Increasing operational efficiency and agility
Taking advantage of cloud economics to operate in a more cost-effective environment, retire technical debt, and re-allocate resources from system maintenance to higher business value initiatives.
Accelerating innovation and speed-to-market
Leveraging AWS's broad set of over 200 services to create new cloud-native applications and go from idea to implementation quickly.
Delivering frictionless and personalized experiences
Harnessing data and using analytics and ML to remove friction and improve experiences for customers, employees, and other stakeholders across the value chain.
Enabling security, compliance, and operational resilience at scale
Deploying applications globally on the most extensive and secure cloud platform with the highest network availability.
Reducing environmental impact
Making IT operations more sustainable by leveraging AWS infrastructure that is up to 5 times more energy efficient than typical data centers.
Exploring generative AI potential
Improving customer experiences, boosting employee productivity, enhancing content creation, and accelerating process optimization through generative AI capabilities.
How?
Several Clouds guides financial institutions through their cloud journey with specialized expertise in the financial domain and regulated industries. The approach includes:
Comprehensive assessment and planning
Evaluating current infrastructure and applications and developing migration strategies aligned with business objectives.
Implementation of DevOps and DevSecOps practices
Streamlining operations while maintaining the strict security requirements of financial services.
Security and compliance focus
Leveraging AWS's 143 security standards and compliance certifications, including PCI-DSS, GDPR, and NIST frameworks to satisfy requirements for nearly every regulatory agency globally.
Operational resilience
Implementing solutions across AWS's extensive global infrastructure spanning 105 Availability Zones within 33 geographic regions to ensure high availability for mission-critical financial applications.
Cost optimization
Shift from capital-intensive fixed costs to a flexible pay-as-you-go model that aligns IT spending with actual business needs, putting more on strategic growth initiatives to drive business value.
AI and machine learning implementation
Building applications that leverage AWS's three-layer ML stack (infrastructure, tools, and purpose-built AI services) to create tailored investment strategies, develop new tools for end-users, and accelerate process optimization.
Relevant Success Stories
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