Goldman Sachs and AWS Collaborate to Create New Data Management and Analytics Solutions for Financial Services Organizations
The Goldman Sachs Financial Cloud offering encompasses all the benefits of the AWS Public Cloud, including industry-leading security, services, and proven global infrastructure, along with Goldman’s 150 years of financial markets experience. sachs.
las vegas – november 30, 2021 – today at aws re:invent, goldman sachs announced the launch of the goldman sachs financial cloud for data with amazon web services, inc. (aws), a new suite of cloud-based data and analytics solutions for financial institutions. This unique collaboration redefines how customers can discover, organize, and analyze data in the cloud, gaining rapid insights and driving informed investment decisions. Institutional clients will benefit from Goldman Sachs’ decades of experience in addressing data management and analytics challenges.
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Advances in data and technology are rapidly transforming the financial services industry, yet developers within investment firms continue to spend significant time and energy customizing various tools to manage, interpret, and analyze financial data at scale. Many of the existing solutions for financial data management and analysis are based on a patchwork of legacy technologies that struggle to meet the latency and scale requirements of modern investment practices. As a result, investment firms may spend their engineering expertise managing undifferentiated infrastructure and arguing over data, instead of innovating at the speed they’d like for their clients. the collaboration between goldman sachs and aws will greatly reduce the need for investment firms to develop and maintain critical data integration technology, and lower the barriers to entry to access advanced quantitative analytics in global markets. institutional clients of goldman sachs will be able to accelerate the time to market of 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.
“goldman sachs has always been a leader in creating technology to serve the most sophisticated financial institutions,” said david solomon, president and chief executive officer of goldman sachs. “Today, we are redefining the future of the cloud for financial services by enabling developers to focus on building financial solutions for their customers. We are excited to bring together the two leading cloud computing and financial services firms to offer an unparalleled solution for financial services data management and analytics in the cloud, revolutionizing the way our clients extract value from the growing wealth of information in our industry.”
goldman sachs financial cloud for data is a cloud-native financial data management and analytics solution for hedge funds, asset managers and other institutional clients. Significantly increases the power of Goldman Sachs’ front-office analysis tools, such as PlotTool Pro, a leading Goldman Sachs time-series analysis tool, and GS Quant, the company’s Python toolset. Clients can seamlessly and securely integrate their proprietary data alongside select Goldman Sachs Financial Markets data, including select third-party data products through the Goldman Sachs Financial Cloud for data integration with AWS Data Exchange , a service that makes it easy to find, subscribe to, and use third-party data in the cloud. The data is then made available in Goldman Sachs’ securely managed time series database and analytics engine, which is capable of storing and integrating tick-level financial data across hundreds of different assets in real time. As a result, it is now easier for developers to analyze a wide range of financial data sets consistently and at scale using the latest quantitative techniques, accelerating time to market value. Goldman Sachs Financial Cloud for Data components also support Amazon FinSpace, an AWS service that makes it easy to combine and analyze data from multiple sources, such as position data from warehouses or data lakes.
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“With the Goldman Sachs Financial Cloud for Data, we are lowering the barrier to entry so more financial services institutions can take advantage of advanced near real-time analytics in the cloud,” said Adam Selipsky, CEO of Amazon Web. services, inc. “Combining goldman sachs data and more than a century of financial services knowledge with the reliability, security and industry expertise of aws will reimagine financial services technology and put developer-centric, cost-effective technologies in the hands of all organizations”.
“Access to high-quality data at scale is essential to providing differentiated returns to our clients,” said Justin Stephan, Director of Technology and Investment Services at Wellington Management. “We work with a variety of industry leaders to deliver those capabilities, and AWS and Goldman Sachs have been among our key partners for many years. We believe that a product that combines the market coverage and experience of Goldman with the innovation and speed of AWS can improve investment results by further enhancing the ability to collect, manage and analyze data.”
“We have partnered closely with goldman sachs to develop advanced data and analytics solutions for our investment professionals to accelerate time-to-market for new strategies,” said vlad torgovnik, millennium chief information officer. “This new collaboration between Goldman Sachs and AWS will allow us to gain exclusive insights from our proprietary data in a private and secure environment, while leveraging the scale and speed of innovation of the cloud.”
“msci provides institutional investors with unique information and solutions to help them manage portfolios more effectively. Through MSCI’s collaboration with Goldman Sachs, our shared clients benefit from MSCI’s robust data and content and Goldman Sachs’ analytical and business workflows,” said Jorge Mina, MSCI Chief Analytics Officer. “We always strive to meet our clients where they are, and with the collaboration of goldman sachs and aws, our clients will have access to more options that can unlock a whole new range of possibilities in advanced portfolio analysis in the cloud.”
Clients can request access to preview the Goldman Sachs Financial Cloud for data offering through the GS Developer Console or through the AWS Marketplace.
For information on how to request preview access, visit http://developer.gs.com/discover/.
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about goldman sachs the goldman sachs group, inc. is a leading global financial institution offering a wide range of financial services in investment banking, securities, investment management and consumer banking to a large and diversified client base that includes corporations, financial institutions, governments and individuals. Founded in 1869, the firm is headquartered in New York and has offices in the world’s major financial centers.
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press contacts goldman sachs sebastian howell tel: +44 (0) 20 7552 5821 [email protected]
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