Saturday, February 24, 2024

AWS launches Amazon FinSpace, a service to analyze financial data

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Tanvi Gupta
Tanvi Gupta
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AWS announced Amazon FinSpace last week. This is a purpose-built data analytics service for financial services industry. FinSpace is designed to collect, classify and catalog data across organization with target to ease up process of discovering & share in accordance with required regulatory compliance.

Finspace includes a library of more than 100 pre-built functions that are commonly used in financial industry, like time bars and Bollinger bands. This can help in speeding up data analysis process.

High Level Workflow with Amazon FinSpace?


It all starts with ingestion of the data into datasets. This can be done using FinSpace Web Application or SDK. One can import both structured data such as CSV, parquet, XML, and JSON and any unstructured data files.

*Amazon FinSpace also includes Sample Data bundles to test and experience the service.

The ingested data then is classified in semantic layer to make it is easy to discover and share across teams. The data then can be prepared and analyzed using FinSpace Notebooks.

For more information watch the below youtube video

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