Establishing a Digital Bank on AWS

Helping incumbent banks modernize and become a cloud native digital bank

23 March 2023

Establishing a Digital Bank on AWS

Customers increasingly expect an always-on, fully digital and personalized experience in their daily life, triggering changing expectations around their banking services. A confluence of industry drivers heightened customer expectations, new UPI use cases, the sophistication of new data analytics tools, and the maturity of APIs has accelerated the pace of digital banking across India Digital channels have become the dominant path for customers of all ages. Based on a study by McKinsey, branch contribution to core banking unit sales had fallen from 75% in 2015 to 55% in 2019. The COVID-19 pandemic has further accelerated the shift to digital in banking. The same McKinsey study also found that consumers are likely to sustain their new digital behaviors and visit branches less often following the pandemic This webinar looks to address how AWS can help incumbent banks accelerate time to market for new digital propositions and de-risk implementation in this highly regulated and complex Industry.

Why should they attend?

Incumbent banks that are failing to keep up with this trend are losing market share to new, digital-first competitors who are offering more convenient and user-friendly banking experiences. As a result, traditional banks are under pressure to transition to a digital banking model in order to remain competitive. In this session, you will gain a deeper understanding of the digital banking landscape and learn how to plan a successful transition to a digital bank. Whether you're looking to improve customer engagement, increase operational efficiency, or enhance your digital capabilities, this session will provide you with the information and tools you need to stay ahead of the competition and thrive in the digital age.

Who should attend?

  • Chief Strategy Officers
  • Chief Technology Officers
  • Head of transformations

Session Agenda

An industry overview of digital banking in the public cloud.
5 Mins
A deep dive into how banks are building digital solution on AWS in India and globally.
10 Mins
Overview of the different patterns for incumbent banks to modernize their existing tech stacks and improve the customer value proposition by leveraging the cloud.
10 Mins
A walk-through of digital banking architecture for a modern, resilient and compliant banking platform on AWS.
10 Mins
Security and Regulatory Compliance on AWS is job zero! How to build secure, scalable, and innovative business models in the cloud while staying compliant with regulatory requirements.
5 Mins
Q & A
5 Mins

Our Speakers

Felix Thummernicht
AMAZON WEB SERVICES – APJ Banking GTM Initiatives lead
Felix leads the APJ Banking GTM strategy on the Worldwide Financial Services team at AWS. Felix is responsible for developing and executing cross-functional plans for the banking segment in Asia Pacific. In this role, he works with leading banking organizations to transform their existing businesses and bring innovative solutions to market by leveraging cloud capabilities. Felix has 12+ years of experience in financial services technology. Prior to joining AWS, he was with EY’s Financial Services Consulting business and has worked in Hong Kong, Singapore and India.

Felix is specializing in digital banking and agile delivered technology transformation projects in the banking sector. His experience in banking spans Target Operating Model (TOM) and multi-country transformations, core banking modernization, digital banking, bancassurance system implementations, and financial crime technology programs. Felix holds a bachelor’s degree from University College Dublin.
Vinaya Sathyanarayana
AMAZON WEB SERVICES – FSI Principal SA
Vinaya is the Specialist Solution Architect for the FSI industry. In his role, Vinaya provides thought leadership, innovative use cases and solutions for the FSI customers. Vinaya has 30+ years of experience in building products in the areas of Payments, Mortgage, Lending, Credit Decisioning and House Price Indexes.

Vinaya holds an MBA from Indian Institute of Management (IIM) Bangalore, B.Tech in Computer Engineering from National Institute of Technology Karnataka, Surathkal, Diploma in Business Finance from ICFAI. He is a Senior Member of IEEE, Inventor of Patents (2 Granted, Multiple Under processing) and is a Project Management Professional (from PMI)