FinTech start-ups can now benefit from the Amazon`s services competency

FinTech start-ups can now benefit from the Amazon`s services competency

Amazon Web Services (AWS) has launched its own services competency which may help FinTech start–ups. The competency will recognize technology and c

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Amazon Web Services (AWS) has launched its own services competency which may help FinTech start–ups.

The competency will recognize technology and consulting partners in the financial sector by awarding them with a certificate, according to an article in the Business Insider (businessinsider.com.au). In this way, FinTech start-ups, among others, can receive the needed recognition which may boost the success of their business, writes cryptocoinnews.com.

Amazon partner companies can apply, but they will be put through several rigorous criteria to receive their certificates. Some of the foundation members include Accenture, Capgemini, Cognizant and Infosys, AWS said at a recent re-invent conference in LasVegas.

“More than 10,000 new partners have joined the Amazon Partner Network in the past 12 months, offering customers an ever-expanding selection of software solutions hosted on, or integrated with, AWS,” said the company in a statement quoted by the Business Insider.

Amazon has also launched the Internet of Things Competency.  It provides a platform for companies that utilize technology that focuses on smart cities, energy, automotive issues and healthcare, report cryptocoinnews.com and the Business Insider.

Financial Technology, also known as FinTech grows around the world. London leads the way as world`s global hub for FinTech start–ups. The European Commission has recently announced an initiative which aims to stimulate start – ups in their early phase.  Other countries like Singapore (ranked second) and  Australia have also increased their FinTech investments. The annual FinTech 100 list has recently listed nine Australian companies, said an article in cryptocoinnews.com.

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