Tag: financial services

Mid-Hudson Valley Federal Credit Union (MHVFCU) needed to automate their tools and develop advanced forecasting capabilities to make informed decisions for deposit management and growth to maximize benefit for their members. For this purpose, MHVFCU leadership sought a solution that would not only save time in data preparation and analysis but also provide accurate forecasts for balances across four key deposit products: savings, checking, certificate deposits (CDs), and money market. Read this post to learn about the solution they built with AWS.

California Credit Union successfully used AWS to enhance its disaster recovery and backup capabilities for its core banking system, Fiserv DNA. This post explores how the credit union overcame challenges, improved its resilience, and set the stage for future innovations in financial services.

Credit unions play a crucial role in communities by providing a diverse range of financial services driven by their members’ needs. These services, supported by core banking applications, form the backbone of credit union operations. Traditionally, credit unions use legacy systems for their core banking applications, such as lending, payments, and deposits. But these systems are monolithic, expensive, and lack open architecture, impacting credit unions’ abilities to deploy changes based on market demands. In this digital age, cloud computing offers a transformative solution, and as we will explain in this post, Amazon Web Services (AWS) stands at the forefront.

Common Securitization Solutions (CSS), a joint Freddie Mac and Fannie Mae venture launched in 2013, supports a cornerstone of the American economy: home ownership. CSS built and now operates the largest and most advanced mortgage securitization platform in the US, supporting Freddie Mac and Fannie Mae’s 70 percent market share of the industry with flexibility, scalability, and security at its core. Read this blog post to learn how CSS uses Amazon Web Services (AWS) to power their solutions in the cloud.

What if there was a transformative solution for managing pension funds? AWS offers personalized investment solutions for investment firms using cutting-edge machine learning (ML) technologies. By utilizing cloud-based services, pension managers can harness advanced data analytics, gaining valuable insights that inform investment strategies. This empowers leaders to make well-informed decisions that align with the needs of stakeholders.

The AWS for Nonprofits team announced a new Amazon AppFlow data connector that enables nonprofits to transfer valuable data from Blackbaud Raiser’s Edge NXT to AWS services and other destinations. In this blog post, learn some common nonprofit use cases that can be addressed by integrating your data with other AWS services and commercially available software-as-service (SaaS) applications.

Public sector regulatory agencies are at an inflection point as digital assets have emerged in the private sector in the form of cryptocurrencies, stablecoins, non-fungible tokens (NFTs), and central bank digital currencies (CBDCs). To inform this process, AWS has collaborated with industry analyst firm, Constellation Research, to write a new research report available to the public. “The CIO Imperative for Digital Assets in the Public Sector” presents an exploration of the requisite topics to get CIOs and their teams up-to-speed and ready for this journey.

Today, AWS announced the addition of new nonprofit solutions in the AWS Solutions Library and AWS Marketplace. These solutions are tailored to the unique requirements of credit unions and nonprofit research organizations. They range from architectural guidance to ready-to-deploy solutions, and also include offerings developed by AWS Partners. Learn the solution categories that collect these new solutions into important mission areas, as well as some of the specific solutions that can help credit unions or research organizations get started with AWS.

To understand how a regional institution approaches cloud migration as a catalyst to deliver more agility and value from IT, AWS invited Mark Michaels, chief information officer (CIO), and Jeff McLauchlin, vice president of DevOps, from Columbia Credit Union to share their experiences embracing cloud technology.

Many central banks globally are researching the possibility of launching a central bank digital currency (CBDC). AWS has worked with customers in the financial industry as they design secure, resilient, and scalable critical financial infrastructure networks. In this post, we share best practices for central banks to consider as they move through the CBDC development lifecycle.