Sopra Steria Achieves AWS Financial Services Competency Status

Sopra Steria, a European leader in digital transformation, announced today that it has achieved Amazon Web Services (AWS) Financial Services Competency status. This designation recognises Sopra Steria for delivery of effective solutions and providing deep expertise to help organisations manage critical issues pertaining to the industry, such as digital transformation, core systems implementation, migration, data management, navigating compliance requirements and risk management.

Achieving the AWS Financial Services Competency differentiates Sopra Steria as an AWS Partner Network (APN) member that has demonstrated relevant technical proficiency and proven customer success, delivering solutions seamlessly in the AWS Cloud environment. To receive the designation, APN Partners must possess deep expertise in the AWS platform and undergo an assessment of the security, performance, and reliability of their solutions.

“We are delighted to be one of the first APN partners to achieve AWS Financial Services Competency status because it cements our role as a digital enabler in the Financial Services market, and enables us to amplify our cloud services work across the industry,” said Melba Foggo, Managing Director of Sopra Steria Financial Services. “Cloud services are transforming the future of Financial Services and as such the AWS platform is a cornerstone of our business. We are already supporting organisations of all sizes and types in cloud services -  regulators and firms – market entrants and established organisations - across Europe to help them take up the opportunities offered by the cloud, and our work with AWS provides an important foundation for our solutions in areas such as robotics-as-a-service and cognitive automation. Using the AWS Cloud helps us to enable digital transformation, the agility of our clients and improve the cost effectiveness of IT estates through pay-as-you go services.”

The AWS Cloud is enabling scalable, flexible, and cost-effective solutions for banking and payments, capital markets, and insurance organisations of all sizes, from startups to global enterprises. To support the seamless integration and deployment of these solutions, AWS established the Financial Services Partner Competency Program to help customers identify Consulting and Technology APN Partners with deep industry experience and expertise.

Sopra Steria enables Financial Services firms and regulators to focus on their key business activities by identifying services that can be run more efficiently and cost effectively. Our services include core Financial Services platforms, and, together with Sopra Banking Software, bespoke digital transformation programmers. These programmers comprise industry specialist modules including security, payments and lending, aimed at disentangling legacy applications and incorporating new digital technologies. We carry out extensive cloud migration work enabling clients and partner products to optimise IT estates technically and financially through provision of innovative cloud services. Using our expertise in ‘digital at scale’, we support clients in their end-to-end journey, leveraging our global industrialised service delivery model.

Our customers and partners include:

·        The Financial Conduct Authority, for whom we are implementing the UK’s largest Digital Market processing platform to satisfy the forthcoming MiFID II Regulation. The platform is a big data solution using cutting-edge open source application components and hosted on AWS

·        The Services Family, a UK military challenger bank, for whom we are digital partner of choice. We are providing the digital expertise and solutions to help build the bank and bring them to the UK market

·        Sybenetix, with whom Sopra Steria recently announced a new partnership, are the leading provider of behavioral end-to-end market abuse surveillance, case management and conduct management systems. The partnership will provide the next generation of scalable, real-time analytic platforms that can help firms meet regulatory challenges through a cost efficient SaaS model

Taras Chaban, CEO at Sybenetix, said: “In order to become truly digital, financial services organisations need to re-assess their technology infrastructure and embrace new, flexible architectures. The cloud is central to this, which is why Sopra Steria’s expertise with digital at scale and their use of Amazon Web Services made them an ideal collaborator. Working together, our AWS-based Market Abuse and Conduct Risk services will provide solutions to some of the biggest regulatory challenges currently facing investment firms, while helping them to deliver performance improvements and significant reductions in operating costs."