Amazon Web Services (AWS) has a new finance management service banks can take advantage of in the form of ‘Finastra Managed Services’ (FMS)

Banks and financial institutions will be able to access Finastra’s platform via AWS’ cloud native area. By utilising FMS in Amazon’s cloud, merchants will be able to improve spending, becoming more efficient all whilst reducing their carbon footprint, a measure Finastra has believed in strongly by recently collaborating with EcoTree.

AWS encourages companies to modernise their infrastructure, meet and uphold changing customer behaviours and expectations to help drive business growth. 

“The move to bring our customers high quality managed services with AWS is a great step for Finastra,” said Neil Budd, Vice President of Finastra Managed Services.

“We’re committed to helping drive efficiency and reduce total cost of ownership, so this move aligns closely with our strategy to help our FMS customers specifically to accelerate their move to the cloud and access the benefits it affords, including scalability and security. It is also a commitment to our FMS multi-cloud strategy which enables us to support customers who value a choice of cloud vendor.”

Finastra stated that it opted to use AWS as a platform to deliver FMS as it believes it can enable banks, such as US and multinational banks, to roll out  lending solutions more efficiently. 

Yves Dupuy, Leader for Global ISVs, Financial Services EMEA/APAC at AWS stated: “We are pleased to provide Finastra with the capability to bring Finastra’s Managed Services customers a secure and resilient global cloud infrastructure that will enable them to differentiate themselves today and adapt to the needs of tomorrow.”