Amazon FinSpace is a data management and analytics service designed to make it easier to store, catalog and prepare financial industry data at scale. Purpose-built for the financial service industry, the fully managed service removes the heavy lifting of building and maintaining a data management system for financial analytics, reducing the time for financial industry customers to locate and access all types of financial data for analysis
Amazon FinSpace automates the process for finding data, preparing it for analysis, storing and organizing it using industry and internal data classification conventions. Data can be collected in a secure data management application and catalogued by applicable business concepts such as asset class, risk classification or geographic region. Analysts can connect to the Amazon FinSpace web interface to search for data using familiar business terms such as “S&P 500,” “CAC 40” or “private equity funds in euros,” for example.
AWS has a built-in library of more than 100 specialized functions for time series data — think time bars and Bollinger Bands — that analysts can use to prepare their chosen data sets. They also can integrate their own functions. Amazon FinSpace provides a framework to manage and audit data access, and it generates compliance and audit reports.