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AWS launches FinSpace analytics service for FS firms 04 May 2021
Source: Amazon Web Services Today, Amazon Web Services, Inc. (AWS), an Amazon.com, Inc. company (NASDAQ:AMZN), announced Amazon FinSpace, a purpose-built analytics service that reduces the time it takes FSI organizations to find, prepare, and analyze financial data from months to minutes.
Amazon FinSpace aggregates, catalogs, and tags data across an organization’s data silos, making the data easily searchable by the entire organization. The service includes a purpose-built managed Apache Spark analytics engine that contains over 100 data transformations commonly used in the capital markets industry to prepare data for analytics at petabyte scale. To make it easier for FSI organizations to meet their compliance requirement
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