Sopra Steria Achieves AWS Financial Services Competency Status

Sopra Steria Achieves AWS Financial Services Competency Status
30.11.2016 10:15 am

Sopra Steria Achieves AWS Financial Services Competency Status

Compliance

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."

Related News

W2 looking to support all industries during challenging times ahead

W2, the leading provider of real-time digital solutions for global regulatory compliance, has announced today its help to regulated industries faced with challenges during the... Read more »

ACA Compliance Group becomes sponsoring partner of AIMA

ACA Compliance Group (ACA), a leading provider of governance, risk, and compliance (GRC) advisory services and technology solutions, today announced that it has become a global... Read more »

b-next provides compliance solution to major Russian bank

The German developer of specialised software b-next has concluded the past fiscal year with an important business deal. A major Moscow-based bank has decided to monitor... Read more »

Leading French banking group engages AxiomSL’s comprehensive Global Shareholding Disclosure (GSD) solution

AxiomSL, the industry’s leading provider of risk and regulatory reporting solutions, announces an agreement with a global... Read more »

Queensland-based DayTek Capital Hires Christoph Flefel as Chief Risk and Compliance Officer

DayTek Capital is pleased to announce the appointment of Christoph Flefel, as its new Chief Risk and Compliance Officer.

Mr Flefel is a highly experienced and well-... Read more »

Goldman Sachs to Put the Brakes on Marcus Expansion in UK

Goldman Sachs is planning to slow down the growth of its online retail banking brand Marcus in the UK.

This is to avoid surpassing $25 billion in deposits which would... Read more »

Magazine
ALL
Free Newsletter Sign-up
+44 (0) 208 819 32 53 +44 (0) 173 261 71 47
Download Our Mobile App
Financial It Youtube channel