As one of Amazon's strongest-growing business segments, Amazon Web Services, also known as AWS, has witnessed a surge in revenue over the years.

According to data presented by https://buyshares.co.nz/, the revenue of the leading cloud services platform worldwide hit $10.8bn in the second quarter of 2020, a 29% jump year-on-year.

AWS Annual Revenue Surged by 100% in Two Years

Today, Cashfac, a global provider of back-office cash management software, and Sterling National Bank (“Sterling”), the wholly-owned operating bank subsidiary of Sterling Bancorp (NYSE: STL), announced a strategic agreement to expand Sterling’s Escrow account origination and servicing capabilities. The partnership will deploy Cashfac’s flagship Virtual Bank Technology (VBT) platform, delivered remotely via the Cloud.

VoPay, a leader in payment technology innovation, and Currencycloud, the global leader in providing embedded B2B cross-border payments for platforms of the future, have announced a partnership to deliver a streamlined, real-time cross-border B2B payments solution.

Apex Group Ltd. (“Apex”), a global financial services provider, announces today that it has been appointed to provide front to back office solutions to FCA regulated global securities dealer Ardent Financial Limited (“Ardent”) using Calypso Technology Inc. (“Calypso”) management and reporting platform. These services will complement Apex’s existing provision of custody services to Ardent.

Featurespace^™, the leading provider of Enterprise Financial Crime prevention software, has been named by CB Insights to its third annual Fintech 250, a prestigious list of emerging private companies working on groundbreaking financial technology.