Deloitte collaborates with AWS for enterprise banking solutions

To help financial institutions meet the growing demands of consumers and small businesses, and to expedite the launch of digital-first banking services, Deloitte today announced a multi-year co-investment and engineering collaboration with Amazon Web Services Inc. (AWS). This collaboration features Deloitte’s digital banking platform that helps banks and non-banks deliver innovative customer experiences, modernize legacy product platforms, drive greater efficiencies, and bring products and services to market faster on AWS.

Through its collaboration with AWS, Deloitte can help banks and non-bank financial services providers, such as Western Union, drive new value for their businesses in an increasingly competitive marketplace. Their collaboration has resulted in the success of projects like the new Western Union digital banking platform, launched in Germany, Romania and Poland  earlier this year.

As banking preferences among consumers shift to digital channels, banks are continuing to build on digital transformations accelerated by the pandemic. According to Deloitte’s survey, “Building on the digital banking momentum,” one-third of respondents agree that they are using digital banking channels much more now compared to pre-pandemic days. Through this collaboration with Deloitte and AWS, banks will be able to innovate quickly and offer more personalized digital banking capabilities that consumers have increasingly come to expect.