Tag: financial services

China will launch its digital currency February 2022, and the UK and Eurozone have joined the movement for central bank digital currencies (CBDC), but it is the smaller, emerging economies that are leading the charge and have much to gain, experts have predicted. In a recent Global Government Forum and AWS Institute panel discussion, financial technology (FinTech) specialists noted it is the Bahamas and Cambodia who are the CBDC pioneers. The Bank for International Settlements said 86% of central banks are experimenting with CBDCs and 10% are close to implementing them, while banks representing 20% of the global population will launch a digital currency within three years.

Increasingly, central banks want to answer practical questions and make the technology choices involved to deliver a central bank digital currency (CBDC). They need a solution that delivers on their missions and meets the performance criteria required to support a stable monetary and financial system. To help organizations understand available technology options and see how cloud services can enable optimal solution designs, AWS authored a two-part whitepaper. Here are some of the highlights.

In an environment that is constantly changing due to COVID-19, increased competition, ever-evolving customer sentiments, and emerging technologies, financial services organizations are feeling the pressure to innovate. At the same time, the expectations for an effective risk management program have also increased in response to cyber threats, regulatory pressures, market fluctuations, and increasingly sophisticated financial criminals. Advancements in cloud computing are enabling organizations to improve their risk-management capabilities to get ahead of issues while continuing to deliver on and evolve their business strategy. Learn how the cloud empowers organizations to innovate and effectively manage risk—two enterprises that are often perceived as contradictory but can actually be complimentary.

Each year since 1978, thousands of financial services executives and thought leaders gather at Sibos, the largest industry conference focused on emerging technology trends. Sibos will take place September 23-26, 2019, moving to London for the first time, in honor of the city’s central role in the global financial services ecosystem. In the spirit of the conference theme, “thriving in a hyper-connected world,” Amazon Web Services (AWS) will join Sibos to help attendees differentiate technologies that drive long-term business value from short-lived trends, and discover growth opportunities from new platforms and operating models.