FIS launches risk management platform on AWS for continuous updates

FIS announced the launch of its Enterprise Risk Suite on Amazon Web Services, delivering a cloud-native risk management platform for financial institutions. The deployment allows clients to access the latest risk software functionality without operational disruption from traditional upgrade cycles.

The platform uses a continuous integration and continuous delivery model, where FIS manages upgrades on behalf of clients. This approach means financial institutions can run the most current version of the software without diverting resources from risk management to infrastructure maintenance.

The cloud-native architecture features a microservice-based design that enables linear scaling and higher calculation volumes. The platform includes burst computing capabilities, allowing clients to access additional processing power for large calculations or peak workloads without maintaining on-premise hardware.

FIS received recognition as a Category Leader across all quadrants in the Chartis Credit Risk Management Systems report, covering both market and credit risk capabilities.

"The move to a cloud-native architecture on AWS showcases our commitment to unlock financial technology across the money lifecycle, and removes the trade-off between staying current and staying operational," said Andrés Choussy, President of Capital Markets at FIS.

John Kain, Head of Financial Services Market Development at Amazon Web Services, stated that the deployment provides "continuous access to the latest capabilities, elastic compute power for peak workloads, and the scalability to grow without the burden of legacy upgrade cycles."

The information is based on a company press release. FIS is headquartered in Jacksonville, Florida, and is a member of the Fortune 500 and S&P 500 Index.

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