Amazon Bedrock: A Boon for the Financial Services Industry
Open Source For You|December 2024
Amazon Bedrock is a fully managed service that provides access to foundation models from top AI providers, enabling organisations to build and scale generative AI applications. It is specifically designed to bring AI solutions to the financial sector. Let's explore all that it can do...
Dr Magesh Kasthuri and Dr Anand Nayyar
Amazon Bedrock: A Boon for the Financial Services Industry

Amazon Bedrock is a cloud platform that provides a comprehensive set of foundation models (FMS). These are used to create API services and tools for building, deploying, and managing solutions in the financial services industry. The platform helps customers to leverage the scalability, security, reliability, and innovation of the AWS cloud, while addressing the specific requirements and challenges of the financial sector. It offers solutions for banking, financial services, securities, capital markets, and insurance use cases, such as payments and risk management.

The financial industry is undergoing a rapid and profound transformation, driven by changing customer expectations, regulatory pressures, competitive forces, and technological innovations. Customers are demanding more personalised, convenient, and secure financial services, accessible anytime and anywhere. Regulators are imposing stricter rules and standards for data protection, privacy, and transparency. Competitors, including new entrants and fintech startups, are challenging the traditional business models and offerings of incumbent financial institutions. Innovations, such as artificial intelligence, blockchain, cloud computing, and Big Data, are creating new possibilities and challenges for delivering value and enhancing efficiency in the financial sector.

To succeed in this dynamic and complex environment, financial institutions need to adopt a cloud-first strategy that enables them to innovate faster, scale on demand, reduce costs, and comply with regulations. However, moving to the cloud is not a simple task, especially for the financial industry, which has unique and stringent requirements and challenges, such as:

この記事は Open Source For You の December 2024 版に掲載されています。

7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。

この記事は Open Source For You の December 2024 版に掲載されています。

7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。

OPEN SOURCE FOR YOUのその他の記事すべて表示
Red Hat unveils Red Hat OpenShift Virtualization Engine
Open Source For You

Red Hat unveils Red Hat OpenShift Virtualization Engine

Red Hat OpenShift Virtualization Engine is a new edition of Red Hat OpenShift that offers a dedicated solution for organisations to leverage the virtualisation capabilities already available within Red Hat OpenShift.

time-read
1 min  |
February 2025
Spring AI: A Door to GenAI Heaven for Java Developers
Open Source For You

Spring AI: A Door to GenAI Heaven for Java Developers

Let's explore the Spring AI framework and its advantages, and look at how it is helping Java developers adopt AI.

time-read
6 分  |
February 2025
Significant security vulnerabilities drive the release of Rsync 3.4
Open Source For You

Significant security vulnerabilities drive the release of Rsync 3.4

Rsync, the widely used utility for incremental file transfers and synchronisation, has released version 3.4. This update isn't packed with exciting new features but is instead critical due to several newly disclosed security vulnerabilities.

time-read
1 min  |
February 2025
NVIDIA puts Grace Blackwell at every AI developer's fingertips
Open Source For You

NVIDIA puts Grace Blackwell at every AI developer's fingertips

NVIDIA has introduced NVIDIA Project DIGITS, a groundbreaking personal AI supercomputer designed to empower AI researchers, data scientists, and students NVIDIA® NVIDIA GRACE BLACKWELL with the immense capabilities of the NVIDIA Grace Blackwell platform.

time-read
1 min  |
February 2025
Top Tools for DevOps, Cybersecurity, and Cloud Management in 2025
Open Source For You

Top Tools for DevOps, Cybersecurity, and Cloud Management in 2025

In 2025, organisations will continue to rely on open source tools to retain a competitive edge. We look at why the best tools for DevOps, cybersecurity and cloud management will remain relevant and how best to integrate them into your organisation.

time-read
9 分  |
February 2025
CREW: Open source platform to improve human-AI interaction
Open Source For You

CREW: Open source platform to improve human-AI interaction

As human-AI collaboration deepens, critical questions arise: How should humans and AI complement one another? What kind of feedback enhances AI training? How can trust in AI be optimised to balance collaboration without over-reliance? Researchers at Duke University are addressing these challenges through CREW-an innovative platform designed to advance human-AI teaming.

time-read
1 min  |
February 2025
Red Hat completes the acquisition of Neural Magic
Open Source For You

Red Hat completes the acquisition of Neural Magic

Red Hat, Inc., has announced the completion of its acquisition of Neural Magic, a trailblazer in software and algorithms that accelerate generative AI (GenAI) inference workloads.

time-read
1 min  |
February 2025
The Do's and Don'ts for Software Architects
Open Source For You

The Do's and Don'ts for Software Architects

Here's a list of best practices for software architects as well as the common mistakes they should try not to fall prey to.

time-read
4 分  |
February 2025
openSUSE's Tumbleweed introduces Wayland support for the LXQt desktop environment
Open Source For You

openSUSE's Tumbleweed introduces Wayland support for the LXQt desktop environment

The openSUSE Project has announced that its Tumbleweed rolling release distribution now includes Wayland support for users of the LXQt desktop environment.

time-read
1 min  |
February 2025
A Guide for Software Architects: Common Mistakes and Best Practices
Open Source For You

A Guide for Software Architects: Common Mistakes and Best Practices

Software architects play an invaluable role in the digital transformation of an organisation. To make a mark, they must imbibe certain qualities and avoid common errors.

time-read
6 分  |
February 2025