Goldman Sachs Collaborates with AWS to Launch Data Management and Analytics Solutions

The leading financial service institution Goldman Sachs announced that it has collaborated with Amazon Web Services, Inc. (AWS) to launch Goldman Sachs Financial Cloud for Data, a new suite of cloud-based data and analytics solutions for financial institutions.

Combing Goldman Sachs financial markets expertise and all the benefits of AWS’s public cloud, including industry-leading security, services, and proven global infrastructure, the solution 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.

Goldman Sachs institutional clients will be able to accelerate time to market for financial applications, optimize their resources to focus on portfolio returns, and innovate faster. Users of the Goldman Sachs Financial Cloud for Data will also benefit from more streamlined and secure access to best-in-class financial data from Goldman Sachs.

“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, revolutionizing how our clients extract value from the increasing wealth of information in our industry,”said David Solomon, Chairman and Chief Executive Officer of Goldman Sachs.

“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, CEO of Amazon Web Services, Inc.“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 organizations.”

Earlier this year, Goldman Sachs and the globally integrated payments company American Express have formed a partnership​ to provide corporate clients with a cloud-based payments solution that will seamlessly support multiple payment options and offer data and analytics in one integrated platform.