Download - Leadership session: Running critical
© 2019, Amazon Web Services, Inc. or its affiliates. All rights reserved.
Leadership session: Running critical FSI applications on AWS
F S I 2 0 1 - L
Frank Fallon
Vice President ofFinancial Services
AWS
Santosh Bardwaj
Vice President—Advanced Analytics & Cloud Data Technology
Discover Financial Services
Robert Palatnick
Managing Director and Global Head of Technology Research and Innovation
Depository Trust & Clearing Corporation
Nitin Tandon
CTO
Vanguard
Agenda
A brief history of Financial Services…at re:Invent
Transformation is top of mind
Customer perspectives
Building a brighter future on AWS
The Financial Services industry continues to evolveReflecting on Financial Services themes at re:Invent
Common themes
• Dev & test
• Resiliency
Common themes
• Disaster recovery
• Risk management
Common themes
• Security & compliance
• Account management
Common themes
• Digital channels
• Machine learning
Common themes
• Dev & test
• Resiliency
Common themes
• Disaster recovery
• Risk management
Common themes
• Security & compliance
• Account management
Common themes
• Digital channels
• Machine learning
Rob Alexander
CIO
Capital One
Steve Randich
EVP & CIO
FINRA
Roy Joseph
Managing Director
Goldman Sachs
Dean Del Vecchio
EVP & CIO
Guardian Life
The Financial Services industry continues to evolveReflecting on Financial Services themes at re:Invent
Transformation is top of mind this weekWhat you’ll hear from industry leaders
Nasdaq
From data warehouse to data lake
JPMC
50+ applications moved in three weeks
National Australia Bank
Contact-center transformation
AXA
Global landing zone deployment
HSBC
Open banking with serverless technology
Goldman Sachs
Investment research platform migration
Rabobank
New ML-enabled lending solution
Barclays
New researchdata platform
© 2019, Amazon Web Services, Inc. or its affiliates. All rights reserved.
Customer perspectives
© 2019, Amazon Web Services, Inc. or its affiliates. All rights reserved.
Robert PalatnickManaging Director andGlobal Head of Technology Research and Innovation
Depository Trust & Clearing Corporation
DTCC Public (White)
US $1,854 trillionin securities transactions processed last yearD E P O S I T O R Y T R U S T A N D
C L E AR I N G C O R P O R AT I O N
DTCC Public (White)
DTCC’S global regulators
DTCC Public (White)
Focusing on resiliency
B u s i n e s s r e s i l i e n c e
T e c h n o l o g y r e s i l i e n c e
F i n a n c i a l r e s i l i e n c e
O p e r a t i o n a l r e s i l i e n c e
DTCC Public (White)
Design for resilient IT capabilities
Assume disruptions will inevitably occur
Ensure regional availability
Design for transparent failover
Leverage out-of-region recovery
Minimize data loss and ensure consistency
Ensure resilience success
Build and automate controls and validation
Technology resilience guidelines
DTCC Public (White)
Architectural approach
Resiliency
architecture
principles
Reference
architectureReference
implementation
Services
implementation
DTCC Public (White)
Active engineering of resilience
Jan 2019
Feb 2019
Mar 2019
Apr 2019
Chaos
Failure Mode Analysis
Service Validation
CARE (Cloud Architecture
Resil ience Engineering)
With the experimentation DTCC took on,
AWS was able to improve the replication
latency dramatically within four months
DTCC Public (White)
Cloud-enabled architecture
A W S U S - E A S T - 1 R E G I O N A W S U S - E A S T - 2 R E G I O N
D T C C V P C D T C C V P C
D T C C P R I M A R Y D A T A C E N T E R D T C C A L T E R N A T E D A T A C E N T E R
O N - P R E M I S E S S E R V I C E S O N - P R E M I S E S S E R V I C E S
A P P A P P A P P A P P
Availability Zone 1b Availability Zone 1c
A P P A P P A P P A P P
Availability Zone 2a Availability Zone 2b
C M I C M I P N O P N O
A M A Z O N
R O U T E 5 3
A W S D I R E C T
C O N N E C T
A W S
L A M B D A
A M A Z O N
S 3
A M A Z O N
K I N E S I S
A M A Z O N
A U R O R A
R E P L I C A M A S T E R
A W S
L A M B D A
A M A Z O N
S 3
A M A Z O N
A U R O R AA W S
L A M B D A
A M A Z O N
S 3
A M A Z O N
A U R O R A
R E P L I C A
A W S
L A M B D A
A M A Z O N
S 3
A M A Z O N
A U R O R A
R E P L I C A
A M A Z O N
K I N E S I SA M A Z O N
K I N E S I S
A M A Z O N
K I N E S I S
D T C C T H I R D D A T A C E N T E R
O N - P R E M I S E S E R V I C E S
C M I C M I P N O P N O
C M I C M I P N O P N O
DTCC Public (White)
Securing Today. Shaping Tomorrow. .
© 2019, Amazon Web Services, Inc. or its affiliates. All rights reserved.
Nitin TandonCTO
Vanguard
Who we are
Vanguard is one of the
world’s largest investment
management companies.
We serve 30 million investors
in 15 countries.
We manage six trillion dollars in investments… in hundreds of low-cost funds.
Every day, our portfolio managers
invest up to two billion new dollars.
We have more than 17,000 crew
members, as we call our employees, in keeping with our nautical theme.
30million
Our purpose:
“To take a stand for all investors, to treat them fairly,
and to give them the best chance for investment success.”
Vanguard’s cloud journey
Committed to public
cloud
“Web Apps”MVC
New development in cloud and“Analytics”
MVC
Web & Analytics expansion
Core website
capabilities
Client website activity
0%
10%
20%
30%
40%
50%44%
18%
7%
4%
3%
2%
80%
Core websiteBalances
Log-on
Trading
AWS
On Premises
Mainframe
Cloud data replicationRead/Write
Java page
Read/ Write
Amazon DynamoDB and Postgres
Microservices
Read
Benefits
Greater client outcomes
75%reduction in
planned downtime
30%decrease in
unplanned downtime
Scalability Agility NWOW
© 2019, Amazon Web Services, Inc. or its affiliates. All rights reserved.
Santosh BardwajVice President—Advanced Analytics & Cloud Data Technology
Discover Financial Services
© 2019, Amazon Web Services, Inc. or its affiliates. All rights reserved.
Using data and cloud to create a competitive advantage for Discover
24
About Discover
Credit Cards
• $144Bn Card Sales Volume
• $74Bn in Credit Card Receivables
Digital Banking
• $52Bn+ Consumer Deposits
• $10Bn Private Student Loans
• $8Bn Personal Loans
Payment Services
• $246Bn Payment Services Volume
• Discover Network:
16 network alliances
• PULSE: ~2.1MM
ATMs in 134 countries
• Diners: 190+ countries/territories
Data-driven customer
experience
MoreData
BetterAnalytics
BetterExperiences
MoreCustomers
Cloud-enabled
transformation
Time to Market Talent
99% reduction
in deployment time
25x growth
in cloud engineers
Scalability Delivery
300% growth
in data footprint
10x improvement
in speed of delivery
© 2019, Amazon Web Services, Inc. or its affiliates. All rights reserved.
CECL: Current Expected Credit Losses
What is CECL?
CECL is a new accounting standardto calculate the Loan Loss Provision
Challenge
Legacy environment not suited for Machine Learning on large datasets
Accuracy is essential
Small changes to the calculation result in millions that need to be reserved
Model Training Model Production
On Premises
Original Plan Days Months (Will Not Complete)
Physical limitations to scale, time to provision large physical footprint,and performance bottlenecks handling large datasets
On Cloud
Current State Hours Days
Containerized analytics processing, automation,
scale on demand, faster processing on Amazon Redshift
Future State Hours Hours
25
© 2019, Amazon Web Services, Inc. or its affiliates. All rights reserved.
Collections Lighthouse results: Digital Edge 2019 Awards winner
Reductionin false positives
Efficient identificationof pre-delinquency
40% reductionin outbound calls
60% reductionin time to market
28% increasein on-track payments, enabling customersto improve theircredit standing
Cloud-enabledcustomer experience through integrationof real-time dataand cloud-hosteddecision capability
26
© 2019, Amazon Web Services, Inc. or its affiliates. All rights reserved.
Closing thoughts
Our customers are building a brighter future on AWS
Modernizing legacy systems
Fulfilling strict security and compliance requirements
Anticipating changing customer needs
Developing and driving new business opportunities
© 2019, Amazon Web Services, Inc. or its affiliates. All rights reserved.
“Go as far as you can see; when you get there, you’ll be able to see farther.”
J.P. Morgan, referencing Thomas Carlyle
Let’s talk
Join us in the
Financial Services LoungeThe Venetian, Level 4, West Alcove
• Monday, December 2Meet & Greet until 6:00pm
• Tuesday, December 310:00am to 6:00pm
• Wednesday, December 48:00am to 6:00pm
• Thursday, December 510:00am to 6:00pm
• Friday, December 68:00am to 12:00pm
Related breakouts
FSI202 AXA: Scaling adoption with a global landing zone
FSI203 NAB: Transforming customer experience with data and machine learning
FSI303 Tale of two cities: Goldman Sachs’ hybrid migration approach
FSI304 Nasdaq: From data warehouse to data lake
FSI305 Barclays: Accelerating research data science using AWS
FSI306 HSBC: Meeting requirements for open banking with serverless
AIM220-S Farmers Insurance elevating customer experience with conversational AI
ANT345-S Tableau Server on AWS enables analytics agility for Capital One
ARC223-S Reimagine SME banking: OpenDATA-enabled innovation at Rabobank
DAT373 Data platform engineering: How Vanguard is migrating data to AWS
STP207 How Coinbase handles incident management by leveraging AWS
Thank you!
© 2019, Amazon Web Services, Inc. or its affiliates. All rights reserved.
Frank Fallon
Vice President of Financial ServicesAWS
Please complete the session survey in the mobile app.
© 2019, Amazon Web Services, Inc. or its affiliates. All rights reserved.