Title

AWS re:Invent 2023 - Fast forward: Building the future of financial services today (FSI203)

Summary

Scott Mullins, General Manager for Financial Services at AWS, introduces the session focusing on innovation in the financial services industry.
Leaders from S&P Global, JPMorgan Chase, and NASDAQ share their stories of leveraging AWS to drive industry advancements.
The session emphasizes the distinction between speculative future predictions and actionable changes impacting the present and near future.
Scott discusses the importance of choice, speed, and trust in successfully navigating change, highlighting AWS's role in providing infrastructure, regulatory compliance, and innovation support.
Sally Moore from S&P Global discusses their cloud-first strategy, data management, and investments in generative AI for enhancing customer experiences and creating new value streams.
Gerard Francis from JPMorgan Chase presents Fusion, a managed data service for institutional investors, focusing on data normalization, integration, and management to unlock analytics and AI potential.
Tal Cohen from NASDAQ outlines their cloud journey, AI-powered products, and the importance of AWS partnership in transforming capital markets infrastructure.
The session concludes with the notion that the investments made by these financial leaders are accelerating innovation for the entire industry, bringing the future into the present.

Financial services are increasingly leveraging cloud technologies and AWS services to modernize infrastructure, improve customer experiences, and enhance operational efficiency.
The shift to a cloud-first strategy is not just about technology adoption but also about cultural and operational changes within organizations.
Generative AI is becoming a significant focus for financial institutions, with S&P Global and others investing in AI to create new products and improve decision-making processes.
Data management and analytics are critical challenges for financial institutions. JPMorgan Chase's Fusion platform addresses these by providing a unified data ecosystem that simplifies access and analysis for institutional investors.
NASDAQ's cloud journey and AI initiatives demonstrate the potential for cloud and AI technologies to transform mission-critical financial market infrastructures, offering improved performance and new capabilities.
The partnership with AWS is crucial for these financial institutions, providing not only the technological foundation but also the expertise and support needed to navigate regulatory environments and implement innovative solutions.
The collective advancements made by these industry leaders suggest a trend towards a more interconnected and efficient financial ecosystem, where collaboration and shared innovation drive progress for all stakeholders.