Transforming financial services on AWS: PwC

The financial services industry is undergoing a significant transformation, with financial institutions reimagining customer experiences, enhancing transaction processes, and competing for market share. Leveraging AWS technology, PwC can empower organizations to navigate the complexities of the industry and unlock opportunities. PwC and AWS understand the unique challenges and opportunities in this rapidly evolving industry, which is why we’ve collaborated with AWS to innovate and offer purpose-built financial services capabilities, empowering you to reinvent your business and drive success.

Our core services and capabilities

Discover how PwC leverages AWS technology to help drive technical innovation and business transformation across banking and capital markets, private equity, and asset and wealth management. Explore how PwC is building holistic solutions powered by AWS around data analytics and GenAI, FinOps, advanced financial analytics, application migration and modernization, resiliency, and developer efficiency.

Data analytics and GenAI

Today, many financial services companies face analytics and AI challenges with data quality and integration, regulatory compliance, data privacy and security, and explainability and transparency. Leveraging the power of AWS AI technologies and services such as Amazon Bedrock, Amazon Q, Amazon EC2 and AWS Lambda, we can help organizations navigate the path to GenAI and scale their GenAI applications. This has enabled better machine learning capabilities that uncover hidden patterns in financial data, increase organization agility and fuel informed decision making for data-driven business decisions. Our strategies allow financial services companies to unlock the overall potential of their data, address data quality issues, improve operations, mitigate risks, and deliver personalized experiences to their customers.

FinOps

We help financial services companies use the cloud to improve their financial operations, such as consistent reporting, risk management, cost optimization, and security. Together with AWS, PwC offers cloud financial operations solutions that can help financial services organizations track and manage their cloud expenses. This includes services, solutions, and resources to group and monitor cost and usage data, increase control through billing and access consolidation, and plan better through budgeting and forecasts, and lower cost further with pricing optimizations.

Advanced financial analytics

With our deep industry and advanced finance analytics knowledge, we are able to bring the latest developments in technical and on demand analytics with cloud technologies to create modern and integrated financial analysis, planning, performance management, risk and reporting capabilities. By utilizing AWS technologies like Amazon Redshift for data warehousing, AWS Lambda for serverless computing, and AWS SageMaker for machine learning, we can help enable financial services organizations to enhance their financial analytics capabilities, enable data-driven decision-making, and empower innovative and informed decisions for improved performance.

Application migration and modernization

When migrating and modernizing to the cloud, financial services companies face challenges in dealing with legacy systems, confirming data security and compliance, integrating and interoperating with existing systems, and addressing scalability and performance concerns. We can provide tailored solutions to clients leveraging AWS technology and services such as AWS Migration Hub, AWS Lambda, AWS Elastic Beanstalk, and AWS funding programs to help simplify the migration process, automate infrastructure provisioning, and enable scalability, flexibility and cost efficiency. With the power of AWS and PwC, financial firms can innovate faster, scale digital banking operations, make data-driven pricing decisions, and secure mission-critical customer data at a lower cost.

Resiliency on AWS

Achieving a sustainable resilient organization is an ongoing and long-term journey and building a reliable and disaster-ready cloud infrastructure has become an essential strategy for financial services organizations. Our fusion center is an industry leading, customizable and scalable architecture composed of multiple layers that work together to connect, secure, and safeguard an organization's environments, fueling resiliency. A purpose-built architecture can provide a financial services organization with the ability to leverage the capabilities of Amazon Security Lake to create a more effective and streamlined security posture, as well as enhance resiliency and disaster recovery processes. Through this collaboration, we can help financial services companies build resilient infrastructures, safeguard sensitive data, and maintain business continuity, thereby enabling the trust and confidence of customers and stakeholders.

Learn more about Resiliency on AWS.

Developer efficiency

Continuous technology cost optimization while confirming a resilient technology backbone is top of mind for most banking institutions. The complexity of financial systems and regulations, large data volumes, legacy systems, stringent security and compliance requirements, as well as time-consuming procedures hinder developer efficiency in an industry that demands a fast pace. With PwC’s cloud engineering experience coupled with AWS’s technology and services, we can help modernize the technology function while balancing timely and at speed software solution delivery for businesses. Together with AWS, we can drive integrated development, security, and operations, enabling developers to free up time to focus on high value-added activities.