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Financial Services in the Cloud
Scott Mullins
Head of Worldwide Financial Services Business Development
2
1
3
4
Global Industry Observations and Trends
How Financial Services customers are using AWS today?
Where AWS is Helping...
Global Industry Observations & Trends
Strained global
economic conditions
Evolving markets &
customer expectations
Complex regulatory
compliance landscape
Acces...
What Keeps FS Leaders Up at Night in 2016?
New entrants target
profitable segments
Payment, lending,
insurance
Cyber threa...
2/3
More than two-thirds of
IT budgets go toward
keeping the lights on
77%
of CEOs believe security
risk has increased in ...
FinTech: Unbundling Banking As We Know It
Source: CB Insights
How are Financial Services
Customers using AWS today?
Adoption
“All of our customers are telling us that they’re moving to AWS.”
- President, Global Financial Information & Ser...
AWS is trusted by Financial Services Institutions
around the world to help them transform legacy IT
infrastructure and bri...
Trusted by Financial Services Institutions Worldwide
Trusted by Financial Services Institutions in APAC
How are Financial Services Customers using AWS in APAC?
Scaling development and testing environment through a major
techno...
Financial Institutions’ Paths (Patterns) of Adoption
Cloud-First / All-In
Deliberate Approach
Opportunistic
Approach
Cloud...
FI Paths of Adoption: Opportunistic Approach
Sample use cases
• Dev / Test (devops)
• Analytics: customers, marketing, inv...
Up to 50% of bank’s
compute workload may be
shifted to cloud by 2018
FI Paths of Adoption: Deliberate Approach
Plans to re...
Free stock trading to
democratize access to
financial markets
FI Paths of Adoption: Cloud Native & FinTech
Mobile-first ba...
Where AWS is Helping
Financial Institutions
What Financial Institutions Are Doing & Key Areas Where AWS Is Helping
Retail & Commercial
Banking
Wealth Management
Priva...
Enriching the Customer Experience
Retail & Commercial
Banking
Wealth Management
Private Banking
Capital Market &
Investmen...
Optimizing Operations
Retail & Commercial
Banking
Wealth Management
Private Banking
Capital Market &
Investment Banking
In...
Managing Risk
Retail & Commercial
Banking
Wealth Management
Private Banking
Capital Market &
Investment Banking
Insurance
...
AWS Resources for FI Adoption
AWS Global Infrastructure
14 Regions
38 Availability Zones
63 Edge Locations
Technical &
Business
Support
Hybrid
Architecture
Application Marketplace
Analytics
Application
Services
Mobile
Services
De...
AWS Cloud Adoption Framework
A core framework for Cloud delivery
Cloud adoption is more than a
migration, it’s a major
tra...
AWS Professional Services
Partnering in Your Journey
Technical
Specialists
Specialty practices for
AWS security,
infrastru...
An Expansive Financial Services Ecosystem
Systems Integrators & Consultants Financial Services Providers
A Focus on Security & Enabling Compliance
“Based on our experience, I believe that we can be even more secure in the AWS c...
AWS Global Regulatory Compliance Resources
Terms & Conditions to Support Regulatory Requirements
Industry Regulatory, Secu...
AWS & Regulatory Agencies: APAC/Japan
We’ve helped our FSI customers successfully address regulatory requirements from the...
Financial Services in the Cloud
Financial Services in the Cloud
Financial Services in the Cloud
Financial Services in the Cloud
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Financial Services in the Cloud

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Join this session to understand what drives Global and Asia Pacific Financial Services Institutions (FSI) of all sizes to adopt the cloud and how they get started on their journey. This presentation will also include how they leverage the cloud to address specific industry challenges and create business value.

Published in: Technology

Financial Services in the Cloud

  1. 1. Financial Services in the Cloud Scott Mullins Head of Worldwide Financial Services Business Development
  2. 2. 2 1 3 4 Global Industry Observations and Trends How Financial Services customers are using AWS today? Where AWS is Helping Financial Institutions AWS Resources for FI Adoption Today’s Presentation Will Cover…
  3. 3. Global Industry Observations & Trends
  4. 4. Strained global economic conditions Evolving markets & customer expectations Complex regulatory compliance landscape Access to more data than ever before Sophisticated security threat actors The Financial Services Industry Continues to Change
  5. 5. What Keeps FS Leaders Up at Night in 2016? New entrants target profitable segments Payment, lending, insurance Cyber threats Deploying cloud services for core business activities Remove Friction from the Customer Journey Making advanced analytics actionable Partner with Fintech Integrate risk management and compliance practices Don’t miss out on transformational technologies distributed ledgers, AI, IoT Source: The Financial Brand, Cap Gemini, E&Y, AWS Customers & Prospects Getting started with Opti-channel DIFFERENTIATING THEMSELVES FROM OTHERS IMPROVING CUSTOMER EXPERIENCES MANAGING RISK OPTIMIZING OPERATIONS 2 3 4 1
  6. 6. 2/3 More than two-thirds of IT budgets go toward keeping the lights on 77% of CEOs believe security risk has increased in the last few years and 65% believe their risk management capability is falling behind 15 yrs The average lifespan of an S&P company dropped from 67 years in the 1920s to 15 years today The World Doesn’t Work The Same Way Any More
  7. 7. FinTech: Unbundling Banking As We Know It Source: CB Insights
  8. 8. How are Financial Services Customers using AWS today?
  9. 9. Adoption “All of our customers are telling us that they’re moving to AWS.” - President, Global Financial Information & Services Company
  10. 10. AWS is trusted by Financial Services Institutions around the world to help them transform legacy IT infrastructure and bring new, innovative ideas to market faster.
  11. 11. Trusted by Financial Services Institutions Worldwide
  12. 12. Trusted by Financial Services Institutions in APAC
  13. 13. How are Financial Services Customers using AWS in APAC? Scaling development and testing environment through a major technology refresh program Development & Test Environments Building New Mobile Application New mobile application offered to the public Live market data, news and company announcements of all SGX- listed companies Scaling Fund Analytics and Statistical Modeling (Quant) Big data storage (from financial information providers) Analytics and statistical modeling application & database (ClariFI) Long-term archiving and backup Migrating Existing Apps to AWS HPC for Capital Market Risk Management & Monte Carlo Analysis “Cloud-First” Migration to AWS 50% on AWS within 24 months Treasury and Markets HPC for financial instrument pricing and risk management Migrating 2,000 applications to AWS Exited Disaster Recovery site, 12K Virtual Desktop profiles Project Ignite and simplification of core systems Risk calculation across financial instrument asset classes Frequent calculation enhancements and new model & scenarios to cover, intensifying needs to scale fast [Withheld]
  14. 14. Financial Institutions’ Paths (Patterns) of Adoption Cloud-First / All-In Deliberate Approach Opportunistic Approach Cloud Native & FinTech
  15. 15. FI Paths of Adoption: Opportunistic Approach Sample use cases • Dev / Test (devops) • Analytics: customers, marketing, investment • Risk management & HPC • Blockchain • Core systems • Digital / mobile banking, insurance, trading • IoT eg Amazon Echo • Security analytics • Disaster recovery OakNorth [Withheld]
  16. 16. Up to 50% of bank’s compute workload may be shifted to cloud by 2018 FI Paths of Adoption: Deliberate Approach Plans to reduce its data center footprint from eight to three by 2018 Plan to move 2,000 applications from its data centers to AWS Largest Bank In Singapore Euromoney Global Best Digital Bank One of Australia’s largest general insurers and leading banks 8th Largest Bank in the US Capital One
  17. 17. Free stock trading to democratize access to financial markets FI Paths of Adoption: Cloud Native & FinTech Mobile-first bank with cloud based core banking Social and online behavior Credit Scoring & Verification Fastest-growing US brokerage in history Winner of Mondato Award in Mobile Finance & Commerce World Economic Forum's Tech Pioneers Goal of “building the best bank on the planet”
  18. 18. Where AWS is Helping Financial Institutions
  19. 19. What Financial Institutions Are Doing & Key Areas Where AWS Is Helping Retail & Commercial Banking Wealth Management Private Banking Capital Market & Investment Banking Insurance Online Banking Mobile Banking Robo Advisor Online Insurance Mobile Insurance Robo Advisor Digital Marketing Online Trading Mobile Trading Web Sites Chat Bot Customer Analytics Sentiment Analytics Digital Marketing Digital Marketing Device Farm Customer Analytics Biometrics DigitalAnalytics AML Dev & Test DR CyberSecurity Storage VDI Data Warehouse Risk Calculation Stress Test Fraud DetectionPricing Calculation Core Systems Infra HPC Core IoT Representative sample of uses cases
  20. 20. Enriching the Customer Experience Retail & Commercial Banking Wealth Management Private Banking Capital Market & Investment Banking Insurance Online Banking Mobile Banking Robo Advisor Online Insurance Mobile Insurance Robo Advisor Digital Marketing Online Trading Mobile Trading Web Sites Chat bot AML Dev & Test DR CyberSecurity Storage VDI Data Warehouse Customer Analytics Sentiment Analytics Digital Marketing Digital Marketing Device Farm Risk Calculation Stress Test Fraud DetectionPricing Calculation Core Systems Customer Analytics Biometrics DigitalAnalyticsInfra HPC Core IoT Representative sample of uses cases
  21. 21. Optimizing Operations Retail & Commercial Banking Wealth Management Private Banking Capital Market & Investment Banking Insurance Online Banking Mobile Banking Robo Advisor Online Insurance Mobile Insurance Robo Advisor Digital Marketing Online Trading Mobile Trading Web Sites Chat bot AML Dev & Test DR CyberSecurity Storage VDI Data Warehouse Customer Analytics Sentiment Analytics Digital Marketing Digital Marketing Device Farm Risk Calculation Stress Test Fraud DetectionPricing Calculation Core Systems Customer Analytics Biometrics DigitalAnalyticsInfra HPC Core IoT Representative sample of uses cases
  22. 22. Managing Risk Retail & Commercial Banking Wealth Management Private Banking Capital Market & Investment Banking Insurance Online Banking Mobile Banking Robo Advisor Online Insurance Mobile Insurance Robo Advisor Digital Marketing Online Trading Mobile Trading Web Sites Chat bot AML Dev & Test DR CyberSecurity Storage VDI Data Warehouse Customer Analytics Sentiment Analytics Digital Marketing Digital Marketing Device Farm Risk Calculation Stress Test Fraud DetectionPricing Calculation Core Systems Customer Analytics Biometrics DigitalAnalyticsInfra HPC Core IoT Representative sample of uses cases
  23. 23. AWS Resources for FI Adoption
  24. 24. AWS Global Infrastructure 14 Regions 38 Availability Zones 63 Edge Locations
  25. 25. Technical & Business Support Hybrid Architecture Application Marketplace Analytics Application Services Mobile Services Development & Operations Internet of Things Enterprise Applications Security & Compliance Core Services Infrastructure
  26. 26. AWS Cloud Adoption Framework A core framework for Cloud delivery Cloud adoption is more than a migration, it’s a major transformation in how IT supports business customers. People Perspective Process Perspective Security Perspective Maturity Perspective Platform Perspective Operating Perspective Business Perspective
  27. 27. AWS Professional Services Partnering in Your Journey Technical Specialists Specialty practices for AWS security, infrastructure, app optimization, analytics, big data, and operational integration Advisory Services Strategy, planning, cost/benefit analysis, governance, risk management as it relates to implementing the AWS platform Collaboration Working with you and the APN Premier Partners you already trust to realize breakthrough results Proven Processes Best practices to get the foundation right, migrate workloads, create a modern IT operating model to support your business
  28. 28. An Expansive Financial Services Ecosystem Systems Integrators & Consultants Financial Services Providers
  29. 29. A Focus on Security & Enabling Compliance “Based on our experience, I believe that we can be even more secure in the AWS cloud than in our own data centers.” – Tom Soderstrom, CTO, NASA JPL AWS provides the same, familiar approaches to security that companies have been using for decades with increased visibility, control, and auditability. Visibility View your entire infrastructure with one click Auditability Control Deep insight with AWS CloudTrail You have sole authority on where data is stored Shared responsibility model 3rd Party Validation – Certifications for Workloads that Matter
  30. 30. AWS Global Regulatory Compliance Resources Terms & Conditions to Support Regulatory Requirements Industry Regulatory, Security, & Governance Expertise On Staff Using AWS in the Context of Australian Privacy Considerations Using AWS in the Context of Malaysian Privacy Considerations Using AWS in the Context of New Zealand Privacy Considerations Using AWS in the Context of Singapore Privacy Considerations AWS European Union Data Protection AWS US FFIEC Audit Guide Regional Compliance Guides AWS Enterprise Support • 24/7 Access • Enterprise-grade Response Times • Designated Technical Account Managers • Support Concierge • AWS Trusted Advisor – Full Checks Suite • Infrastructure Event Management • Enterprise Architectural Support • Operations Support • AWS Support API • 3rd Party Software Support IT Grundschutz Compliance on AWS OCIE Cybersecurity Workbook for AWS AWS CIS Foundation Benchmarks FISC Guidelines on AWS Active Regulatory Engagement Worldwide • Regional Informational Roundtables for Regulatory Agencies • Regional Compliance Guides • Policy Initiatives • Former Regulators • Former Top 5 Investment Bank Compliance Officers • Financial Services Information Security Professionals • Financial Services Governance & Audit Professionals • EU Model Clauses • Data Sovereignty/Residency • Regional Regulatory Supervision • Reversibility
  31. 31. AWS & Regulatory Agencies: APAC/Japan We’ve helped our FSI customers successfully address regulatory requirements from these agencies, and many others around the world.

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