AWS Financial Services

The Financial services market is a highly saturated one, and a highly competitive one. Financial services industry expects customer-centric, personalized experiences.

Our AWS Financial Services Expertise

To meet industry expectations, financial services companies must manage data and risk when leveraging advanced technology onboarded to gain new insights and deliver truly personalized experiences for end-customers.

From the other hand, they also need to keep business compliant and cost-efficient when scaling at new markets and growing new business streams.

  • What is happening?

    • Cloud Enablement
    • Augmented analytic
    • Digital transformation
    • Customers Retention
    • Regulations
    • Internal optimization
    • Open banking

  • Why it is happening?

    • Evolving new revenue streams
    • Highly saturated market
    • Strict Regulatory Compliance
    • Attracting next wave of customers (Millennials, GZ)
    • Established market distribution
    • Hight volume to be delivered in short time frame
    • Talent Growth and engagement

  • What are the objectives?

    • Leverage data to gain insights
    • Future proof the business
    • Be innovation driven
    • Enhance customer experiences
    • Stay compliant and secure

Areas of Financial Services Focus

    • banking-icon

      Banking and Asset Management

      Most bankers see personal loans (64%) and personal finance (50%) most at risk in moving to a FinTech company. This means that both personal loans and personal finance are two segments that are most likely to be first in a row to be overtaken by FinTech companies, and Banks as classical legacy financial institutions will lose their monopoly in these areas, passing this part of the business to disruptors (whom FinTechs are).

      transactions-icon

      Transactions and Payments Services

      Payment companies have carefully monitored the rise of FinTech and the implications to their industry, and are also heavily invested in cloud technology, with 90% planning to adopt it as part of their production system by 2021.

    AWS Services for FS Include

    • amazon EMR

    • amazon CODEFORMATION

    • amazon RDS

    • amazon REDSHIFT

    • ELASTICSEARCH SERVICE

    • amazon Dynamo DB

    • amazon Cognito

    • amazon SAGEMAKER

    • amazon S3

    • amazon EC2

    • Amazon EKS

    • amazon ECS

    • amazon LAMBDA

    • amazon API Gateway

    • amazon WAF

    • amazon CODEBUILD

    • amazon CODECOMMIT

    • amazon CODEDEPLOY

    • amazon CODEPIPELINE

    • AWS Cloud Formation

    • amazon CONFIG

    • amazon OPSWORKS

    AWS Tech for Financial Services Offerings

      • Inaccurate executive reporting based on the cross geo and business streams financial data

      • SoftServe Offer

        Dashboard solution for generating ad-hoc executive reports based on multiple business streams and transitional data sources—near-real time

          AWS Tech

          • AWS S3

          • AWS RDS

          • Amazon Elasticsearch

          • Amazon EMR

          • Amazon Redshift

          • Amazon Cognito

          • Amazon API Gateway

          • Amazon Lambda

          • Amazon EKS

          • Amazon ECS

        • High costs for storing redundant and dark data which are used by risk management function at banks

        • SoftServe Offer

          Inaccurate executive reporting based on the cross geo and business streams financial data

          High costs for storing redundant and dark data which are used by risk management function at banks

          Extremely time consuming and human factor risk associated with manual data extraction from diverse-origin digital documents for sales and compliance functions

          Non-standardized CICD process for third-party, developed back-office applications, decreasing deployment time from months to days

          High load on customer support services which result in low NPS and banking compliance issues

            AWS Tech

            • Amazon Forecast

            • Amazon SageMaker

            • Amazon SDK

          • Extremely time consuming and human factor risk associated with manual data extraction from diverse-origin digital documents for sales and compliance functions

          • SoftServe Offer

            Solution for on-demand access to customizable reports with up-to-date and accurate sales and compliance data extracted and aggregated from divers-origin scanned and digital documents for decisions making

              AWS Tech

              • AWS S3

              • AWS RDS

              • Amazon Elasticsearch

              • Amazon EMR

              • Amazon Redshift

              • Amazon Cognito

              • Amazon API Gateway

              • Amazon Lambda

              • Amazon EKS

              • Amazon ECS

            • Non-standardized CICD process for third-party, developed back-office applications, decreasing deployment time from months to days

            • SoftServe Offer

              Design cloud-based infrastructure to enable agile CICD environment to migrate existing back-office applications to cloud for deployment time decrease and scaling

                AWS Tech

                • AWS CloudFormation

                • AWS CodeBuild

                • AWS CodeCommit

                • AWS CodeDeploy

                • AWS CodePipeline

                • AWS OpsWorks

              • High load on customer support services which result in low NPS and banking compliance issues

              • SoftServe Offer

                Leveraging smart algorithms and NLP for chatbots and helpdesk support for data-driven insights and compliance to enable real-time decision-making and risk mitigation

                  AWS Tech

                  • Amazon Comprehend

                  • AWS Chatbot

                  • Amazon SageMaker

                  • AWS SDK

                AWS Case Studies

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