Moven Secures AWS Financial Services Competency Status

Moven, a financial services firm which provides digital banking services, announced today that it has achieved the Amazon Web Services (AWS) Financial Services Competency.

The company has been recognised in the Core Systems category for its technical expertise and proven customer success in transaction processing systems for banking.

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Moven has set out to bring banking to the digital and mobile age and offers financial organisations end-to-end mobile banking solutions for the digital generation. The company helps firms to acquire, engage and grow their customer bases.

The Fintech Fintech Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl Read this Term platform has leveraged the AWS Cloud Cloud The cloud or cloud computing helps provides data and applications that can be accessed from nearly any location in the world so long as a stable Internet connection exists. Categorized into three cloud services, cloud computing is segmented into Software as a Service (SaaS), Infrastructure as a Service (IaaS), and Platform as a Service (PaaS). In terms of trading, the versatility of the cloud service allows retail traders the ability to test out new trading strategies, backtest pre-existing conc The cloud or cloud computing helps provides data and applications that can be accessed from nearly any location in the world so long as a stable Internet connection exists. Categorized into three cloud services, cloud computing is segmented into Software as a Service (SaaS), Infrastructure as a Service (IaaS), and Platform as a Service (PaaS). In terms of trading, the versatility of the cloud service allows retail traders the ability to test out new trading strategies, backtest pre-existing conc Read this Term for three years, utilising the robust platform as a foundation for its white label financial solution. In this way Moven has helped organisations scale their financial applications.

Moven CEO Brett King commented: “Our team is honored to have received this recognition from Amazon Web Services. It is a testament to the hard work of everyone involved in the project, and I believe it moves us one step closer to achieving our goal of bringing digital banking solutions to everyone.”

Achievement

As a qualified AWS Partner Network (APN) member, Moven is one of the first SaaS vendors in the financial industry to receive this distinction. The Financial Services Competency status is awarded to members that have demonstrated industry expertise, readily implemented solutions that align with AWS architectural best practices, and have staff with AWS-certifications.

AWS is a leading cloud provider, with over one million active customers a month and a global infrastructure. Through utilising this technology to shift business operations to the cloud, Moven helps companies to dramatically cut costs and speed up their operations. AWS’s Amazon Elastic Compute Cloud (EC2) allows Moven’s partners a better customer experience, with the computational power to allow for expanding businesses.

Last week, Finance Magnates reported how Calypso Technology also secured AWS Financial Services Competency Status in recognition of the company’s capabilities in delivering solutions in Amazon Web Services' Cloud environment.