Waters Rankings 2017: Best Cloud Infrastructure Provider—Amazon Web Services
AWS, the new winner for Best Cloud Infrastructure Provider, says companies want to scale operations without replacing legacy systems.

AWS becomes the third company to win this category, notorious for its tough competition, as more financial services companies seek to scale their operations without having to deal with the cost of replacing their aging infrastructure.
Scott Mullins, head of worldwide financial services business development at AWS, says the AWS cloud infrastructure brings with it the speed the financial industry needs for development and scalability, while avoiding capital expenditure on hardware procurement.
“For decades, financial services organizations have been utilizing high-performance computing to determine capital requirements and positions, model risk scenarios and price products, among other business requirements,” Mullins says. “By moving to the cloud, operational tasks are simplified because organizations can fully automate provisioning and scaling through code.”
AWS believes that its security, data storage and recovery solutions are aspects of its service offering that differentiate it from rivals in this space, which include titans such as Microsoft, Google and IBM. It boasts broad security accreditations, data encryption while both at-rest and in-transit, and robust hardware security models. It also has regulatory compliance features that allow financial services firms to audit and manage requests quickly.
As an example of the applications that can be run through AWS with relatively little expenditure compared to using in-house infrastructure, Mullins says the company is working with its capital markets customers on analytics for Comprehensive Capital Analysis and Review calculations, requirements stemming from the Fundamental Review of the Trading Book, and Solvency II regulations.
In the past few months, it has added AWS Lambda to its Payment Card Industry (PCI) compliance report. Lambda allows clients to automatically run code in response to events without having to provision new servers, as part of the provider’s serverless compute concept. Mullins says additional upgrades will likely be around meeting clients’ compliance obligations and opportunities around the data they generate.
“Financial companies are also laser-focused on the opportunities data is creating. However, leveraging data effectively requires resources that many organizations cannot afford or accommodate—the speed, capacity, and tools to properly collect, process, warehouse, analyze, and store available data,” Mullins says.
In addition to more data storage and processing capabilities, AWS is also hoping to offer more access to Amazon’s artificial-intelligence and machine-learning tools, along with distributed-ledger technologies.
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@waterstechnology.com or view our subscription options here: http://subscriptions.waterstechnology.com/subscribe
You are currently unable to print this content. Please contact info@waterstechnology.com to find out more.
You are currently unable to copy this content. Please contact info@waterstechnology.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@waterstechnology.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@waterstechnology.com
More on Awards & Rankings
Asia Awards 2023 winner's interview: MarketAxess
MarketAxess won the best trading network category in this year’s WatersTechnology Asia Awards, thanks largely to its Open Trading service.
Waters Rankings 2023: Best performance measurement and attribution system provider—MSCI
Product/service: MSCI BarraOne
Waters Rankings 2023 winner's interview: Vneuron
Vneuron Risk & Compliance won the best AML compliance solution provider category in this year’s Waters Rankings.
Sell-Side Technology Awards 2023 winner's interview: Broadridge (BPO)
Earlier this year, Broadridge won the award for the best outsourcing provider to the sell side thanks to its BPO offering.
Waters Rankings 2023 winner's interview: Duco
Duco won the best reconciliation provider category in this year’s Waters Rankings.
Waters Rankings 2023 winner's interview: S&P Global Market Intelligence
S&P Global Market Intelligence won the best artificial intelligence technology provider category of this year’s Waters Rankings.
Asia Awards 2023 winner's interview: RavenPack
RavenPack won the best ESG data provider category in this year’s Asia Awards.
Waters Rankings 2023: Best data analytics provider—RiskVal Financial Solutions
Product/service: RVFI