Meet our Financial Services Competency Partners at the AWS New York Summit

By Renata Melnyk, AWS Financial Services Competency Program Manager

AWS is enabling scalable, flexible, and cost-effective solutions for banking and payments, capital markets, and insurance organizations of all sizes, from startups to global enterprises. To support the seamless integration and deployment of these solutions, AWS established the Financial Services Partner Competency Program to identify AWS Partner Network (APN) Consulting and Technology partners with deep industry experience to assist our customers in their migration to the AWS Cloud. AWS Financial Services Competency Partners have demonstrated industry expertise, readily implemented solutions that align with AWS architectural best practices, and have AWS-certified staff.

This year at the AWS NY Summit, some of our AWS Competency Partners are demonstrating the unique and innovative work they’ve done with customers. If you are attending the NY Summit on August 14th, don’t miss these sessions:

AWS Financial Services Competency Partners and the 2017 AWS New York Summit

Summit Keynote – FICO

Our AWS Financial Services Competency Partner, FICO will be presenting during the Summit keynote this year. FICO’s CIO Claus Moldt, will speak about how the company uses data, advanced analytics, and mathematical algorithms to help clients transform their business. FICO is a leading analytics software company, helping businesses in more than 90 countries make better decisions that drive higher levels of growth, profitability, and customer satisfaction.

As an APN Technology Partner, FICO was also one of the first APN Partners to achieve the AWS Financial Services Competency in the Risk Management category. This category validates solutions that help financial institutions identify, model, and assess risk; ensure monitoring and compliance with industry regulations; or help in surveillance or fraud monitoring.

Migration Journey of AIG’s Global Claims Web Application from Mainframe to Public Cloud – Deloitte

The New York Summit will also feature AWS Financial Services Competency Partners through sessions, such as Migration Journey of AIG’s Global Claims Web Application from Mainframe to Public Cloud, with speakers from AWS, AIG, and Deloitte.

This session will detail the successful migration of a critical AIG business application from mainframe to the cloud. Global Insurance companies such as AIG are taking the lead in ensuring that their business applications are agile and cost efficient. AWS provided the necessary services to enable AIG to architect an optimum solution to migrate their application from private data centers to AWS. AIG collaborated with Deloitte, AWS Financial Services Competency and Premier APN Consulting Partner, and AWS teams to enable successful execution of the initiative, which entailed an end-to-end application migration with outcomes that included operational cost optimization, enhanced application performance, and flexibility improvements. AWS offered a variety of architectural choices, allowing the AIG project teams to structure a migration in the most effective way. The migration and right-sizing helped AIG’s application team realize substantial cost savings through the reduction of compute costs and reduction of infrastructure footprint, which has lowered operation costs. Over the course of 12 months, the program team developed and implemented a migration roadmap, a solution architecture leveraging AWS cloud native services, a testing strategy, operationalization for production, and a cutover plan.

Machine Learning in Capital Markets – IHS Markit

Financial services companies are using machine learning to reduce fraud, streamline processes, and improve their bottom line. AWS provides tools that help them easily use AI tools like MXNet and Tensor Flow to perform predictive analytics, clustering, and more advanced data analyses. If you’re at the New York Summit, stop by this session to learn how IHS Markit, an Advanced APN Technology Partner and AWS Financial Services Competency Partner, has used machine learning on AWS to help global banking institutions manage their commodities portfolios. You will also learn how the Amazon Machine Learning service can take the hassle out of AI.

To learn more about AWS Financial Services Competency Partners, please visit our AWS Financial Services Partner Solutions page.

About the AWS Competency Program

The AWS Competency Program is designed to highlight APN Partners who have demonstrated technical proficiency and proven customer success in specialized solution areas. Attaining an AWS Competency allows partners to differentiate themselves to customers by showcasing expertise in a specific solution area.