Articles

Is Banking Having Its AWS Moment?

November 27, 2019 | Banking
Is Banking Having Its AWS Moment?

New fintech infrastructure is enabling more companies to add banking services into existing apps and products.

After Amazon Web Services launched in 2006, the ability to launch a software company became dramatically easier as costs declined. The rise of AWS ushered in a wave of new seed-stage startups.

In a similar vein, APIs including data aggregation and banking-as-a-service are making it significantly easier for companies to add banking services into existing apps and products. Smaller Durbin-exempt banks are aggressively pursuing relationships with fintech partners and new unusual suspects are coming onto the scene.

With new alternatives, consumers now expect more from big banks.

In this report, we analyze the impact of AWS on software startup formation, the rise of fintech infrastructure and new digital banking products, as well as threats and opportunities incumbents face.

More in Banking

Ask a FinTech: how do you build a strong partnership with a bank?
Banking
May 15, 2020

Ask a FinTech: how do you build a strong partnership with a bank?

Over the past few years we in the financial services sector have fully established that we cannot op...

StanChart introduces digital solutions in India amid Covid-19
Banking
May 13, 2020

StanChart introduces digital solutions in India amid Covid-19

Standard Chartered Bank has introduced a number of digital services for its customers in India. I...

UBS seeks digital bank licence in China
Banking
May 11, 2020

UBS seeks digital bank licence in China

UBS has announced it plans to develop a digital bank, starting in mainland China. In Brief:...

Banking
April 14, 2020

UK International Reserves - March 2020

The Bank of England manages the UK’s official reserves on behalf of the Government. We publish...

Banking
April 14, 2020

Appeal of online investing

Whether you’re cautious or risk hungry, NatWest Invest thinks it has a fund for you. Since...

Banking
April 06, 2020

Keeping connected during COVID-19

People around the world are facing up to unprecedented changes to their lives caused by the coronavi...

There are no Events in this category