Amazon Bedrock is a cloud platform that provides a comprehensive set of foundation models (FMS). These are used to create API services and tools for building, deploying, and managing solutions in the financial services industry. The platform helps customers to leverage the scalability, security, reliability, and innovation of the AWS cloud, while addressing the specific requirements and challenges of the financial sector. It offers solutions for banking, financial services, securities, capital markets, and insurance use cases, such as payments and risk management.
The financial industry is undergoing a rapid and profound transformation, driven by changing customer expectations, regulatory pressures, competitive forces, and technological innovations. Customers are demanding more personalised, convenient, and secure financial services, accessible anytime and anywhere. Regulators are imposing stricter rules and standards for data protection, privacy, and transparency. Competitors, including new entrants and fintech startups, are challenging the traditional business models and offerings of incumbent financial institutions. Innovations, such as artificial intelligence, blockchain, cloud computing, and Big Data, are creating new possibilities and challenges for delivering value and enhancing efficiency in the financial sector.
To succeed in this dynamic and complex environment, financial institutions need to adopt a cloud-first strategy that enables them to innovate faster, scale on demand, reduce costs, and comply with regulations. However, moving to the cloud is not a simple task, especially for the financial industry, which has unique and stringent requirements and challenges, such as:
This story is from the December 2024 edition of Open Source For You.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the December 2024 edition of Open Source For You.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
Amazon Bedrock: A Boon for the Financial Services Industry
Amazon Bedrock is a fully managed service that provides access to foundation models from top AI providers, enabling organisations to build and scale generative AI applications. It is specifically designed to bring AI solutions to the financial sector. Let's explore all that it can do...
Quantum-Safe VPNs: The Future of Secure Communication
As quantum computing continues to advance, it poses a significant threat to traditional cryptographic algorithms that secure our digital communications. Virtual private networks (VPNs), which rely heavily on encryption, are particularly vulnerable. Quantum-safe VPNs utilise post-quantum cryptographic algorithms to protect against quantum attacks.
Popular Open Source Toolkits for Quantum Machine Learning
Quantum machine learning is becoming increasingly popular due to its ability to solve the complex problems of the AI age. Here are a few open source libraries and frameworks that help with quantum computations.
Quantum Computing: Harnessing Open Source for Innovation and Accessibility
We explore how open source initiatives are shaping the future of quantum computing, making it more accessible and driving innovation through collaboration.
How Quantum Computing Differs from Classical Computing
Despite being in its infancy, quantum computing has numerous potential applications in modelling, cybersecurity, AI/ML, and other fields. But how do quantum and classical computing compare with each other? Let's find out...
From Bits to Qubits: The Growth Story of Quantum Computing
Quantum computing may still be in the early stages of evolution, but its potential impact on everyday life is significant. We delve into the key concepts behind it, the reasons for its rapid growth, and how global advancements are shaping its future.
Pytket: A Comprehensive Guide to Quantum Circuit Design
Pytket stands out as a powerful toolkit in the realm of quantum computing, offering a suite of features that cater to both researchers and industry practitioners. Its key strengths include optimisation, platform-agnostic support, flexible quantum circuit design and hybrid algorithm support. These features make Pytket a versatile tool for various quantum computing applications, from machine learning and cryptography to optimisation problems in industrial settings.
Cirq: The Open Source Framework for Programming Quantum Computers
Explore the key features, capabilities, and impact of Cirq, an open source quantum computing framework developed by Google, on the quantum programming landscape.
The Role of Open Source in Accelerating Quantum AI
Here's an overview of how open source frameworks are being utilised to build quantum machine learning models, including quantum neural networks and quantum kernel methods. The challenges and future directions in the quantum AI landscape are also discussed.
Quantum Machine Learning: An Overview
Quantum machine learning (QML) is a burgeoning field at the intersection of quantum computing and artificial intelligence. In recent years, the integration of quantum mechanics with machine learning algorithms has sparked substantial interest among researchers and technologists alike. Here's a quick look at the essentials of creating quantum algorithms for AI models, their practical use cases on open source platforms, and best practices for implementing these advanced algorithms.
