HomeBankingAWS: Launches FinSpace analytics service for FS firms

AWS: Launches FinSpace analytics service for FS firms

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  • AWS began exposing key infrastructure services to businesses in the form of web services — now widely known as cloud computing
  • Announced Amazon FinSpace, a purpose-built analytics service that reduces the time it takes FSI organizations to find, prepare financial data
  • Amazon FinSpace aggregates, catalogs, and tags data across an organization’s data silos, making the data easily searchable by the entire organization
  • The service includes a purpose-built managed Apache Spark analytics engine that contains over 100 data transformations
  • Amazon FinSpace ensures that data access controls enforced and usage tracked at all times
  • Provides an easy-to-use web application that gives analysts at hedge funds, asset management firms, insurance companies, investment banks
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