Amazon Web Services announced Amazon FinSpace, a purpose-built analytics service that reduces the time it takes FSI organizations to find, prepare, and analyze financial data from months to minutes.

Amazon FinSpace aggregates, catalogs, and tags data in a company’s data silos so that the data is easily searchable across the company. The service includes a purpose-built Apache Spark managed analytics engine that contains over 100 data transformations that are widely used in the capital markets industry to prepare data for petabyte-scale analysis.

To make it easier for FSI organizations to meet their compliance requirements, Amazon FinSpace ensures that data access controls are enforced and usage is tracked at all times.

Amazon FinSpace provides an easy-to-use web application that allows analysts from hedge funds, asset managers, insurance companies, investment banks, and other FSI organizations to access the information they need and …

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