Goldman Sachs and Amazon launch cloud-based data and analytics solution

Goldman Sachs has launched a new suite of cloud-based data and analytics solutions for financial institutions in partnership with Amazon Web Services (AWS).

The solution – called Goldman Sachs Financial Cloud for Data - was unveiled at AWS re:Invent, the cloud giant’s annual event in Las Vegas.

The bank said the new tool is cloud-native and aimed at hedge funds, asset managers, and other institutional clients.

Goldman claimed the platform “increases the power” of Goldman Sachs’ front-office analytics tools, such as PlotTool Pro, a time series analytics tool from Goldman Sachs, and GS Quant, the firm’s Python toolkit.

The bank said clients can integrate their proprietary data alongside Goldman Sachs’ financial markets data, including some third-party data products through Goldman Sachs Financial Cloud for Data’s integration with AWS Data Exchange.

The bank said components of Goldman Sachs Financial Cloud for Data are also compatible with Amazon FinSpace, an AWS service aimed at combining and analysing data from multiple sources, such as position data from data warehouses or lakes.

Goldman claimed the collaboration will reduce the need for investment firms to develop and maintain foundational data-integration technology and lower the barriers to entry for accessing advanced quantitative analytics across global markets.

The bank also claimed that Goldman Sachs’ institutional clients will be able to accelerate time to market for financial applications, optimise their resources to focus on portfolio returns, and innovate faster.

“Goldman Sachs has always led by building technology to serve the most sophisticated financial institutions,” said David Solomon, chairman and chief executive officer at Goldman Sachs. “Today, we are redefining the future of cloud for financial services as we enable developers to focus on building financial solutions for their customers.”

He added: “We are excited to bring together the two leading firms in financial services and cloud computing to deliver an unparalleled solution for financial data management and analytics on the cloud, revolutionising how our clients extract value from the increasing wealth of information in our industry.”

“With Goldman Sachs Financial Cloud for Data, we are lowering the barrier to entry so more financial services institutions can leverage advanced, near-real time analytics in the cloud,” said Adam Selipsky, chief executive of Amazon Web Services (AWS). “Combining Goldman Sachs’ data and over a century of financial services knowledge with the reliability, security, and industry expertise of AWS will reimagine financial services technology and put developer-focused, cost-efficient technologies in the hands of all organisations.”

    Share Story:

Recent Stories


Safeguarding economies: DNFBPs' role in AML and CTF compliance explained
Join FStech editor Jonathan Easton, NICE Actimize's Adam McLaughlin and Graham Mackenzie of the Law Society of Scotland as they look at the role Designated Non-Financial Businesses and Professions (DNFBPs) play in the financial sector, and the challenges they face in complying with anti-money laundering and counter-terrorist financing regulations.

Ransomware and beyond: Enhancing cyber threat awareness in the financial sector
Join FStech editor Jonathan Easton and Proofpoint cybersecurity strategist Matt Cooke as they discuss the findings of the State of the Phish 2023 report, diving into key topics such as awareness of cyber threats, the sophisticated techniques being used by criminals to target the financial sector, and how financial institutions can take a proactive approach to educating both their employees and their customers.

Click here to read the 2023 State of the Phish report from Proofpoint.

Cracking down on fraud
In this webinar a panel of expert speakers explored the ways in which high-volume PSPs and FinTechs are preventing fraud while providing a seamless customer experience.

Future of Planning, Budgeting, Forecasting, and Reporting
Sage Intacct is excited to present FSN The Modern Finance Forum’s “Future of Planning, Budgeting, Forecasting, and Reporting Global Survey 2022” results. With participation from 450 companies around the globe, the survey results highlight how organisations are developing their core financial processes by 2030.