Digital Transformation for Credit Unions
AWS delivers flexible cloud solutions to help credit unions better serve their members
Credit unions rely on Amazon Web Services (AWS) to modernize their infrastructure, meet rapidly changing customer behaviors and expectations, and drive growth through innovation. By improving security, optimizing, services and enhancing member experiences, AWS empowers credit unions to differentiate themselves today and adapt to the needs of tomorrow.
Benefits
Modernize disparate legacy systems for improved agility and scale
By moving credit unions away from operating and maintaining traditional IT, AWS helps them reduce costs and leverage next-generation technologies in order to make their infrastructure scalable, nimble, and agile. Credit Unions are shifting their IT resources to build toward the organization's goals and innovate for their members.
Address rapidly changing member behaviors and expectations
Credit union members want on-demand, personalized interactions in their preferred channels, and AWS enables credit unions to rapidly test and launch new products and services. With services in the cloud, credit unions can build out a seamless member experience whether the member is using online banking, speaking with a representative, or making transactions at a branch.
Drive business growth by harnessing data and innovation
AWS powers faster, more informed decision-making that allows credit unions to add more value to internal processes and member transactions.
Build with confidence on the most secure, compliant, and resilient cloud
As credit unions face traditional and emerging risks in an increasingly complex regulatory environment, they rely on AWS infrastructure, services, and industry experience to protect their business and customers.
Deliver great digital experiences for members
Download this eBook to explore how the AWS Cloud can help credit unions digitally transform. Look at different ways that community-based financial institutions use the cloud to advance their digital goals.
Use cases
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Digital transformation
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Data lakes and analytics
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Disaster recovery and business continuity
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Security and compliance
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Digital transformation
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Digital transformation
Today's credit union members expect personalized interactions and frictionless transactions. Credit unions choose AWS to help create richer experiences, from seamless digital onboarding to real-time transaction updates, across channels. Whether they’re modernizing core systems, connecting with their members, or launching applications at unprecedented speeds, they rely on the AWS cloud to ideate, iterate, and innovate.
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The AWS Cloud Adoption Framework (AWS CAF) helps organizations understand how cloud adoption transforms the way they work and provides structure to identify and address gaps in skills and processes.
AWS Cloud Adoption Readiness Tool
Set a path for cloud adoption success. The AWS Cloud Adoption Readiness Tool (CART) evaluates your cloud migration readiness across business, people, process, platform, operations, and security.
Financial Services Industry Ramp-Up Guide
This guide helps financial services business and tech leaders, developers, and cloud architects explore and learn about the resources available to deploy
and scale their business in the cloud.
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Data lakes and analytics
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Data lakes and analytics
Traditional infrastructures can no longer keep up with the business intelligence, member insights, and regulatory reporting credit unions need. To protect, manage, and grow their business, they build secure data lakes in AWS, which serve as the foundation for analytics and innovation.
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AWS Partner Network
AWS Partner Network solutions help financial institutions collect, store, process, analyze and share data
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Disaster recovery and business continuity
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Disaster recovery and business continuity
Unexpected events can have longstanding business and reputation impact, particularly for credit unions with complex IT systems. To help your systems become secure and redundant, AWS offers tools to build disaster recovery and business continuity protocols so that you can protect your organization and members without incurring the expense of another physical site.
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AWS Well-Architected Framework
Built around six pillars—operational excellence, security, reliability, performance efficiency, cost optimization, and sustainability—AWS Well-Architected provides a consistent approach for customers and partners to evaluate architectures and implement scalable designs.
Backup & Restore Use Cases with AWS
With AWS services and partner resources, customers can build and deploy a flexible and scalable backup infrastructure that protects all data types, including object, block, and file.
Amazon S3 Business Continuity and Disaster Recovery Training
In this course, you learn how to implement Amazon S3 features, such as data replication, versioning, and S3 Object Lock to meet the needs of your business continuity and disaster recovery plans.
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Security and compliance
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Security and compliance
AWS allows for rules-based, automated compliance and allows credit unions to address a number of compliance and regulatory requirements including Federal Financial Institutions Examination Council (FFIEC), National Institute of Standards and Technology (NIST), Automated Cybersecurity Examination Tool (ACET). At the organization level, you can create rules regarding how your AWS infrastructure can be provisioned and configured throughout your agency. When you are creating infrastructure for a particular project, you can create reusable templates that allow you to have a consistent environment for development, testing, production, and validation activities. Once deployed, AWS has tools to continually test, monitor, and log events that occur. You can use these tools to rapidly detect deviations from corporate policy and sound alarms when they occur.
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AWS Cloud Security
Cloud security at AWS is the highest priority. As an AWS customer, you will benefit from a data center and network architecture built to meet the requirements of the most security-sensitive organizations.
AWS Compliance
As with everything at Amazon, the success of our security and compliance program is primarily measured by one thing: our customers’ success. Our customers’ requirements drive our portfolio of compliance reports, attestations, and certifications that enable our customers to run a secure and compliant cloud environment.
AWS Shared Responsibility Model
Security and compliance is a shared responsibility between AWS and the customer. This shared model can help relieve the customer’s operational burden as AWS operates, manages, and controls the components from the host operating system and virtualization layer down to the physical security of the facilities in which the service operates.
.cbdf4b9ed6583d0d31d1aa8230ca7e137e77cb25.png "AWS Global Infrastructure")
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As cyberattacks rise, there are needs for immediate solutions
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Central 1 Case Study
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Think|Stack Helps Mutual Credit Union Transform Infrastructure on AWS
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Compliance and security for financial services
AWS understands the unique security, regulatory, and compliance obligations credit unions face on a global scale. AWS customers can access controls that have been tested and validated by third-party auditors across ISO, PCI, SOC, and other certifications.
Cybersecurity Awareness training
Fun and impactful cybersecurity training, provided by Amazon. This 15-minute training covers secure communication, data classification, phishing, physical security, social engineering, data privacy, third-party/application security, laptop standard, protect data, and acceptable use.
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