Successfully reported this slideshow.
We use your LinkedIn profile and activity data to personalize ads and to show you more relevant ads. You can change your ad preferences anytime.
Scott Mullins
Head of Worldwide Financial Services Business Development
“Keynote: Right Now”
…a top 10 bank in the US is planning to own or lease no data centers by 2018.
...a major insurer is performing actuarial c...
Right Now….The Industry is Changing
Acceleration
“It’s not a question of ’if’ we move to AWS; rather, it’s a question of how…and the
question of when, is now....
Billions
$0
$2
$4
$6
$8
$10
$12
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25
Yrs. to $10B in Revenue ...
AWS is positioned
highest in execution
and furthest in vision
within the Leaders
Quadrant
*Gartner, Magic Quadrant for Clo...
Thousands of Enterprises are Migrating to AWS
“There is no public cloud infrastructure provider that has more
robust enterprise capabilities.”
- Marc Benioff, Chairman ...
“AWS is our trusted partner who’s going to run our company for
the next 140 years. For us this is no longer an experiment,...
July 2014: Condé Nast AWS Summit – New York Keynote Address
"The transition was a lot less challenging that the decision t...
Focus on Business Differentiators
Outsource undifferentiated IT
Increased time-to-market advantage
Continuous improvement ...
Building and managing infrastructure since 2006
70+ services to support any workload
History of rapid, customer-driven rel...
13 Regions
(S. Korea launched in January, India in June, 4
additional in 2016: Ohio, Canada, London, China)
35 Availabilit...
On-Demand
Pay for compute
capacity by the hour
with no long-term
commitments
Ideal for Development &
Test
Reserved
Make a ...
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...
AWS – Trusted by Financial Services Institutions Worldwide
Our FSI customers are telling us that they’re facing unprecedented challenges
due to:
• Expanding regulatory oversight and...
Revolution
“There has never been a time of greater promise, or one of greater potential peril.
Today’s decision-makers, ho...
1784
Steam Power
Mechanical
Production
1870
Electricity
Mass Production
1969
Electronics
Automated
Production
Today
Cloud
...
Industries
Society
Individuals
1980s
2020s
Spreadsheet
Word Processor
File & Print
Email
CRM
ERP
Intranets
Amazon
Uber
Air...
2/3More than two-thirds of
today’s IT budgets go
toward keeping the lights
on
77%77% of CEOs believe security
risk has inc...
Culture/OrganizationPhilosophy Technology
TRANSFORMATIONAL CHANGE
• DevOps Culture
• Ownership
• Sharing
• Aligned Incenti...
RIGHT NOW: FSI Firms are Talking More Openly About Their Use of AWS
DTCC continues their leadership in global capital mark...
Transformation
“For our market surveillance systems, we are looking at about 40% [savings with AWS],
but the real benefits...
FINRA, the primary regulatory agency for broker-dealers in the US, uses AWS extensively in their IT operations and has mig...
Retire Retain Re-Host Re-Platform Re-Factor Re-Purchase
De-commission
the
Application
Keep the
Application
Where It Is
“Li...
Systems Integrators & Consultants Financial Services Providers
An Expansive Financial Services Ecosystem
Risk Management Core Platforms Financial Information
• Suspicious Activity
Monitoring
• Anti-Money Laundering
• Communicat...
• Established vendors are refactoring legacy apps for AWS deployment and developing
new apps native to AWS
• Newer market ...
RIGHT NOW: IHS Markit is Changing the Way it Deploys Solutions for Clients
IHS analyzes and distributes
information on Aer...
Innovation
“Digital is the main reason just over half of the companies on the Fortune 500 have
disappeared since the year ...
“Banks aren’t being disrupted by FinTech technology,
they’re being disrupted by customer expectations.”
- McKinsey & Compa...
RIGHT NOW: Voice Services are the Next Edge in Digital Innovation
Alexa, ask Capital One, when is my auto loan due?
”
“ Al...
Our Customers
“All of our customers are telling us that they’re moving to AWS.”
- President, Global Financial Information ...
AWS in Banking
“It’s not a question of ’if’ we move to AWS; rather, it’s a question of how…and the
question of when, is no...
In the retail/commercial banking and payments platforms space, AWS is being used by retail banks, commercial banks, univer...
RIGHT NOW: DBS Bank is working to move half of its workloads to AWS by 2018
DBS Bank Ltd is a Singaporean
multinational ba...
AWS in Capital Markets
“AWS is a leader in cloud computing and working with their team enabled us to
implement our vision ...
…a top 5 asset manager is consolidating data centers, with a plan to
move 400 workloads (5,000 servers) in 2 years to AWS....
In capital markets AWS provides infrastructure to global exchange groups, industry regulatory agencies, investment banks, ...
“We can look at real-time analytics and behaviors on our platform, that wouldn't be available at our
scale if we weren't u...
AWS in Insurance
“Using AWS helps us reduce a 10-day process to 10 minutes. That’s transformative: it
broadens our ability...
In insurance, AWS is used by property & casualty companies, mutual insurers, reinsurers, life insurance companies, and pro...
“Using AWS helps us reduce a 10-day process to 10 minutes. That’s transformative: it broadens our
ability to discover.
”
R...
“It’s not a question of ’if’ we move to AWS; rather,
it’s a question of how…
- Chairman/CEO of G-SIFI Bank
Today is About: HOW
Scott Mullins
Head of Worldwide
Financial Services Business Development
esm@amazon.com
@escottmullins
Worldwide | N. Ameri...
Upcoming SlideShare
Loading in …5
×

State of the Cloud for Financial Services Customers - Toronto - October 2016

1,774 views

Published on

Scott Mullins, Worldwide Financial Services Business Development Leader at AWS takes us on a journey into the current state of the Financial Services Industry and Cloud Computing. What applications have been developed and deployed into the AWS Cloud? What is the State of the Cloud for Financial Services today.

Published in: Business
  • Be the first to comment

State of the Cloud for Financial Services Customers - Toronto - October 2016

  1. 1. Scott Mullins Head of Worldwide Financial Services Business Development “Keynote: Right Now”
  2. 2. …a top 10 bank in the US is planning to own or lease no data centers by 2018. ...a major insurer is performing actuarial calculations in minutes as opposed to days... (and is saving $millions in the process.) ...US regulator, FINRA, is loading today’s 35 billion market events into Amazon S3 to run surveillance on the US capital markets tonight. ...AWS is helping 30% of the Global Systemically Important Banks (G-SIBs) tackle major cost saving initiatives. ...someone is asking “Alexa, when is my next Capital One loan payment due”... (and for stock quotes from Fidelity.) Right Now…
  3. 3. Right Now….The Industry is Changing
  4. 4. Acceleration “It’s not a question of ’if’ we move to AWS; rather, it’s a question of how…and the question of when, is now.” - Chairman/CEO of G-SIFI Bank
  5. 5. Billions $0 $2 $4 $6 $8 $10 $12 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 Yrs. to $10B in Revenue - Fastest Growing Tech Firms in History Years AWS 2016 SFDC 2018 (est) MSFT 1997 ORCL 2000 VMW 2023 (est) …arguably the greatest disruptive force in entire enterprise technology. Silicon Angle – Nov ‘15 …has enabled the current tech boom. The only technology which might come close is the smartphone. The Atlantic – April ‘15 AWS has more than 10X the computing capacity than the next 14 clouds combined. Fortune – May ‘15 AWS’s Growth Trajectory
  6. 6. AWS is positioned highest in execution and furthest in vision within the Leaders Quadrant *Gartner, Magic Quadrant for Cloud Infrastructure as a Service, Worldwide, Leong, Lydia, Petri, Gregor, Gill, Bob, Dorosh, Mike, August 32016 This graphic was published by Gartner, Inc. as part of a larger research document and should be evaluated in the context of the entire document. The Gartner document is available upon request from AWS : http://www.gartner.com/doc/reprints?id=1-2G2O5FC&ct=150519&st=sb Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner's research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose. AWS Positioned as a Leader in the Gartner Magic Quadrant for Cloud Infrastructure as a Service, Worldwide*
  7. 7. Thousands of Enterprises are Migrating to AWS
  8. 8. “There is no public cloud infrastructure provider that has more robust enterprise capabilities.” - Marc Benioff, Chairman & CEO, Salesforce May 25, 2016: Salesforce Selects AWS as Preferred Cloud Provider
  9. 9. “AWS is our trusted partner who’s going to run our company for the next 140 years. For us this is no longer an experiment, this is no longer a test…it’s inevitable.” - Jim Fowler, CIO, General Electric November 2015: General Electric AWS re:Invent Keynote Address
  10. 10. July 2014: Condé Nast AWS Summit – New York Keynote Address "The transition was a lot less challenging that the decision to do it.” - Joe Simon, EVP/CTO, Condé Nast "As we moved down this digital path — everything from creation to distribution — we started looking at our operations and looking at what we should be and shouldn't be in. One of the questions we asked ourselves was: 'Do we really want to be in the business of running data centers anymore?'"
  11. 11. Focus on Business Differentiators Outsource undifferentiated IT Increased time-to-market advantage Continuous improvement ability Ability to innovate faster Economics Lower Total Cost of Ownership (TCO) Pay-as-you-go vs. large upfront commitments Creating cost flexibility Greatly reducing the cost of failure Why are Enterprises to AWS?
  12. 12. Building and managing infrastructure since 2006 70+ services to support any workload History of rapid, customer-driven releases 13 regions, 35 availability zones, 57 edge locations 50+ proactive price reductions to date Thousands of partners; 1,900+ Marketplace products Experience Service breadth & depth Pace of innovation Global footprint Pricing philosophy Ecosystem What Sets AWS Apart
  13. 13. 13 Regions (S. Korea launched in January, India in June, 4 additional in 2016: Ohio, Canada, London, China) 35 Availability zones 57 Edge locations Over 1 million active customers across 190 countries 900+ Government Agencies 3,400+ Educational Institutions 1,000+ Financial Services Organizations Everyday, AWS adds enough new server capacity to support Amazon.com when it was a $7 billion global enterprise. Our Global Footprint
  14. 14. On-Demand Pay for compute capacity by the hour with no long-term commitments Ideal for Development & Test Reserved Make a low, one-time payment and receive a significant discount on the hourly charge Ideal for baseline workloads Spot Bid for unused capacity, charged at a Spot Price which fluctuates based on supply and demand Ideal for Test scenarios, Simulations Dedicated Launch instances within Amazon VPC that run on hardware dedicated to a single customer For highly sensitive or compliance related workloads Free Tier Get Started on AWS with free usage & no commitment Good for Initial evaluation Purchase Options to Support Different Needs
  15. 15. Adoption “All of our customers are telling us that they’re moving to AWS.” - President, Global Financial Information & Services Company
  16. 16. 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.
  17. 17. AWS – Trusted by Financial Services Institutions Worldwide
  18. 18. Our FSI customers are telling us that they’re facing unprecedented challenges due to: • Expanding regulatory oversight and ever-increasing compliance obligations • Increased competition, both from traditional peers and new non-traditional players • Information Security – due to increased public scrutiny, the frequency and ferocity of hacking attacks, and regulatory initiatives • Rising volumes of data, and the need to store and analyze it for compliance and competitive purposes • The rapidly changing compute paradigm – on-premise is no longer more secure or cost effective, and IaaS continues to power innovation • Scarce resources – in all areas including capital outlay, headcount, and skill sets. The Challenging Financial Services Landscape
  19. 19. Revolution “There has never been a time of greater promise, or one of greater potential peril. Today’s decision-makers, however, are too often trapped in traditional, linear thinking, or too absorbed by the multiple crises demanding their attention, to think strategically about the forces of disruption and innovation shaping our future.” - Klaus Schwab, Founder & Executive Chairman, World Economic Forum
  20. 20. 1784 Steam Power Mechanical Production 1870 Electricity Mass Production 1969 Electronics Automated Production Today Cloud IoT Digital We stand on the brink of a technological revolution that will fundamentally alter the way we live, work, and relate to one another. In its scale, scope, and complexity, the transformation will be unlike anything humankind has experienced before. ” “ ” “ - Klaus Schwab, Founder & Executive Chairman, World Economic Forum The First Industrial Revolution used water and steam power to mechanize production. The Second used electric power to create mass production. The Third used electronics and information technology to automate production. Now a Fourth Industrial Revolution is building on the Third, the digital revolution that has been occurring since the middle of the last century. It is characterized by a fusion of technologies that is blurring the lines between the physical, digital, and biological spheres.
  21. 21. Industries Society Individuals 1980s 2020s Spreadsheet Word Processor File & Print Email CRM ERP Intranets Amazon Uber AirBnB Autonomous Transport Artificial Intelligence Machine Learning Augmentation Voice Recognition Smart Agents Personal Computers PC Networks Enterprise Software Cloud / Apps http://www… Organizations Teams (Disruption isn’t new, but the next wave is unique) Today’s Waves of Disruption
  22. 22. 2/3More than two-thirds of today’s IT budgets go toward keeping the lights on 77%77% of CEOs believe security risk has increased in the last few years and 65% believe their risk management capabilities are falling behind 15The 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
  23. 23. Culture/OrganizationPhilosophy Technology TRANSFORMATIONAL CHANGE • DevOps Culture • Ownership • Sharing • Aligned Incentives • APIs and Microservices • Infrastructure as Code • Code Pipelines • Agility • Automation • Continuous Deployments • Governance 20% This Change Isn’t Just About Technology
  24. 24. RIGHT NOW: FSI Firms are Talking More Openly About Their Use of AWS DTCC continues their leadership in global capital markets by both innovating to improve existing financial systems today and providing thought leadership to inform the financial systems of the future. Hello, my name is Jeffrey, and I’m a user….much of our market risk management function is moving to the cloud. - HPC User Forum (April 2016): CCAR in the Cloud, Jeffrey Smart, Market Risk Manager, AIG - AWS Quoted in 2015 DTCC Annual Report ” “ ” “
  25. 25. Transformation “For our market surveillance systems, we are looking at about 40% [savings with AWS], but the real benefits are the business benefits: we can do things that we physically weren’t able to do before, and that is priceless.” – Steve Randich – CIO, FINRA
  26. 26. FINRA, the primary regulatory agency for broker-dealers in the US, uses AWS extensively in their IT operations and has migrated key portions of its technology stack to AWS including Market Surveillance and Member Regulation. For market surveillance, each night FINRA loads approximately 35 billion rows of data into Amazon S3 and Amazon EMR to monitor trading activity on exchanges and market centers in the US. – U.S. Regulatory Agency – Global Exchange Group In 2014, Nasdaq replaced the existing data warehouses for its US equities and options exchanges with Amazon Redshift. On a nightly basis, Nasdaq loads approximately 5 billion rows of data into Redshift within a 4-6 hour window. Amazon Redshift now powers a number of data analytics applications at Nasdaq, including its billing system for US customers. In 2015, Nasdaq is expanding its use of Redshift to its global exchange properties. – Global Trading Solutions Trading Technologies, a leading global provider of a derivatives trading platform to the financial services industry, has built their next-generation trading platform using a hybrid architecture, with its backbone built on AWS spanning all nine publicly available AWS regions which are then connected to co-located infrastructure at each of the global exchanges to which Trading Technologies provides trading access to its customers. AWS – Transforming Legacy IT in Capital Markets
  27. 27. Retire Retain Re-Host Re-Platform Re-Factor Re-Purchase De-commission the Application Keep the Application Where It Is “Lift and Shift” the Application to AWS Lift and Reshape the Application Re-write and De- Couple Applications Replace the Application AWSYour DC IT Transformation – A Programmatic Approach
  28. 28. Systems Integrators & Consultants Financial Services Providers An Expansive Financial Services Ecosystem
  29. 29. Risk Management Core Platforms Financial Information • Suspicious Activity Monitoring • Anti-Money Laundering • Communications Surveillance • Trade Surveillance • KYC • CCAR/Stress Tests • Core Banking • Trading • Insurance • Disaster Recovery/BCP • Enterprise Data Management • Historical Data • Reference Data • Near Real-Time Data AWS – Transforming Legacy IT Workloads
  30. 30. • Established vendors are refactoring legacy apps for AWS deployment and developing new apps native to AWS • Newer market entrants are modernizing legacy workloads and deploying them on AWS AWS – Preferred Deployment Option for FSIs
  31. 31. RIGHT NOW: IHS Markit is Changing the Way it Deploys Solutions for Clients IHS analyzes and distributes information on Aerospace, Defense and Security; Automotive; Chemical; Economics & Country Risk; Energy; Finance; Maritime & Trade, Technology, Healthcare & Pharmaceuticals, to customers in more than 150 countries. With AWS we are extending our capabilities across divisions. Markit is taking a leadership role in how the financial services industry can leverage cloud to create a step change in innovation. Our industry is facing many dynamic challenges and this partnership enables us to be more creative in finding solutions for our customers. - Andrew Eisen, Managing Director, Head of Cloud Strategy, IHS Markit ” “ • Is actively deploying these Markit solutions for clients on AWS: • Markit Enterprise Data Management (EDM) • Markit Analytics • Markit WSO • Markit Thinkfolio • Is using AWS to develop new client-facing solutions in areas including blockchain, portfolio valuations, TCA, regulatory reporting, and pricing and liquidity
  32. 32. Innovation “Digital is the main reason just over half of the companies on the Fortune 500 have disappeared since the year 2000.” - Pierre Nanterme, CEO, Accenture
  33. 33. “Banks aren’t being disrupted by FinTech technology, they’re being disrupted by customer expectations.” - McKinsey & Company 100% Percentage of the Inaugural Forbes FinTech 50 that use AWS AWS – The Choice for Innovative FinTech Startup
  34. 34. RIGHT NOW: Voice Services are the Next Edge in Digital Innovation Alexa, ask Capital One, when is my auto loan due? ” “ Alexa, ask Fidelity to get me a market update. ” “
  35. 35. Our Customers “All of our customers are telling us that they’re moving to AWS.” - President, Global Financial Information & Services Company
  36. 36. AWS in Banking “It’s not a question of ’if’ we move to AWS; rather, it’s a question of how…and the question of when, is now.” - Chairman/CEO of G-SIFI Bank
  37. 37. In the retail/commercial banking and payments platforms space, AWS is being used by retail banks, commercial banks, universal banks, credit unions, card services companies, major payments platforms, bitcoin exchanges and platforms, and providers of core banking technology to the industry. Capital One is one of the US’s largest banks and offers credit cards, checking and savings accounts, auto loans, rewards, and online banking services for consumers and businesses. Capital One is using AWS as a central part of its technology strategy, and plans to reduce its data center footprint from 8 to 3 by 2018. It is using or experimenting with nearly every AWS service to develop, test, build, and run its most critical workloads, including its new flagship mobile-banking application. 8th Largest Bank in the US DBS’s is using AWS to re-architect its technology to be more “FinTech-like” as a digital revolution is redefining the banking industry. With AWS, the bank is better able to experiment in a digital way as well as deliver new applications rapidly, while adhering to the highest standards of security. Largest Bank in Singapore Selected Customer Stories This G-SIB permits AWS to identify it as a customer, but not to disclose details related to its use cases. G-SIB AWS in Banking & Payments
  38. 38. RIGHT NOW: DBS Bank is working to move half of its workloads to AWS by 2018 DBS Bank Ltd is a Singaporean multinational banking and financial services company. With operations in 17 markets, the bank has a regional network spanning more than 250 branches and over 1,100 ATMs across 50 cities. In today’s fast-changing world, companies such as Amazon [and others] are widely acknowledged as leaders in innovation. What sets them apart is their ability to constantly experiment, automatically scale and rapidly bring new features to market. They are able to do this in part by leveraging the flexibility provided by cloud technology. - David Gledhill, Head of Technology & Operations, DBS Bank ” “ • DBS plans to shift at least 50% of its workloads to AWS by 2018. • The bank’s Treasury & Markets business is using AWS for pricing and valuing financial instruments for risk management. • AWS gives DBS the flexibility to rapidly scale the capacity of its computing grid up or down, without having to make provisions for permanent overcapacity. In the T&M case, it will allow the bank to have a quick and yet cost-effective way of handling short term surges in trading volumes such as those recently caused by Brexit.
  39. 39. AWS in Capital Markets “AWS is a leader in cloud computing and working with their team enabled us to implement our vision for the anywhere exchange.” - Robert Cornish, CTO, ISE
  40. 40. …a top 5 asset manager is consolidating data centers, with a plan to move 400 workloads (5,000 servers) in 2 years to AWS. ...that same industry-leading firm is shuttering its internal private cloud. ...2 of the top 10 asset managers in the world are moving “all in” to AWS. ...and migrating its order routing system off of mainframe to AWS. ...leading providers of solutions to the industry are migrating those applications to AWS. Right Now in Asset Management…
  41. 41. In capital markets AWS provides infrastructure to global exchange groups, industry regulatory agencies, investment banks, clearing agencies, proprietary trading firms, broker-dealers, investment managers, asset managers, and wealth managers. FINRA, the primary regulatory agency for broker-dealers in the US, uses AWS extensively in their IT operations and has migrated key portions of its technology stack to AWS including Market Surveillance and Member Regulation. For market surveillance, each night FINRA loads approximately 35 billion rows of data into Amazon S3 and Amazon EMR to monitor trading activity on exchanges and market centers in the US. US Regulatory Agency In 2014, Nasdaq replaced the existing data warehouses for its US equities and options exchanges with Amazon Redshift. On a nightly basis, Nasdaq loads approximately 5 billion rows of data into Redshift within a 4-6 hour window. Amazon Redshift now powers a number of data analytics applications at Nasdaq, including its billing system for US customers. In 2015, Nasdaq is expanding its use of Redshift to its global exchange properties. Global Exchange Group ISE was the first regulated securities exchange to build and operate cloud- based disaster recovery infrastructure as part of disaster preparedness requirements established by the U.S. Securities and Exchange Commission’s (SEC) recent Regulation Systems Compliance and Integrity (Reg SCI) initiative. ISE migrated its options exchanges, ISE and ISE Gemini, to AWS in advance of the SEC’s November 3, 2015 deadline. US Exchange Group Selected Customer Stories AWS in Capital Markets
  42. 42. “We can look at real-time analytics and behaviors on our platform, that wouldn't be available at our scale if we weren't using AWS. ” RIGHT NOW: Robinhood is Changing The Way We Trade Using AWS Robinhood is an investment platform that offers free trades for everyone through its iPhone and Android apps. - Miles Wellesley, Head of Business Development, Robinhood • Robinhood’s lean staff used AWS to create a massively scalable securities trading app with strong built-in security and compliance features that supported hundreds of thousands of users at launch. • Robinhood has saved customers $22 million in commissions since launch, and transacted over $1 billion – all with only 2 DevOps resources. • Amazon Redshift has allowed the data science team to identify fraud and fight money laundering, without needing to hire a data science infrastructure team.
  43. 43. AWS in Insurance “Using AWS helps us reduce a 10-day process to 10 minutes. That’s transformative: it broadens our ability to discover.” - Peter Phillips, Managing Director, Aon Benfield
  44. 44. In insurance, AWS is used by property & casualty companies, mutual insurers, reinsurers, life insurance companies, and providers of technology platforms to the industry. Aon uses AWS to perform actuarial calculations for its large multi-national insurance customers, leveraging the AWS GPU compute instances for grid computing that is more time efficient and cost effective. Calculations that used to take 10 days, now run in 10 minutes at a greatly reduced cost to Aon’s customers. Multi-National Insurance Pacific Life leverages AWS for hybrid computing, citing security, scalability, and cost-effectiveness as key drivers for adoption. In the long term, the Pacific Life sees AWS as a key part of their strategy as it assesses the migration of business critical applications into the cloud. Fortune 500 Insurance Company This multi-national financial services provider uses AWS to perform its US Federally-mandated Comprehensive Capital Analysis and Review (CCAR) stress test calculation. CCAR is an annual exercise by the US Federal Reserve to assess whether the largest financial companies operating in the United States have sufficient capital to continue operations throughout times of economic and financial stress. Fortune 500 Insurance Company [Withheld] Selected Customer Stories AWS in Insurance
  45. 45. “Using AWS helps us reduce a 10-day process to 10 minutes. That’s transformative: it broadens our ability to discover. ” RIGHT NOW: Aon Is Running Reports In Minutes Versus Days Aon is a British multinational corporation that provides risk management, insurance, and reinsurance brokerage, human resource solutions and outsourcing services. - Peter Phillips, Managing Director, Aon Benfield Securities • When Aon Benfield first launched its financial modeling tool, PathWise, it used a broadband HPC processor in a co-located data center, but found it needed a more scalable service than the co-location facility could provide • By using AWS, Aon Benfield can spin up large numbers of GPUs quickly and inexpensively, so it decided to move its infrastructure to AWS and deprecate its co-located data center • Aon Benfield shortened its calculation time from 10 days to 10 minutes
  46. 46. “It’s not a question of ’if’ we move to AWS; rather, it’s a question of how… - Chairman/CEO of G-SIFI Bank
  47. 47. Today is About: HOW
  48. 48. Scott Mullins Head of Worldwide Financial Services Business Development esm@amazon.com @escottmullins Worldwide | N. America | LATAM | UK/IR | EMEA | APAC | Japan | China

×