Amazon Launches its Financial Services Competency for FinTech Startups |

Amazon Launches its Financial Services Competency for FinTech Startups

Amazon Web Services (AWS) is ramping up efforts to help FinTech startups by launching its own Financial Services Competency, recognizing technology companies that work in the financial sector, according to a report by Business Insider.

Any Amazon partner company is welcome to apply to the competency, which will see the applicant put through a series of stages before being awarded with a certificate. It is this certificate that will give a FinTech startup the confidence to say that they are as good as any consultancy such as the Accenture Innovation Lab.

At a recent re:Invent conference in Las Vegas, AWS said that it was a good way for startups to build their business, which has attracted a huge following.

It said:

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.

Amazon have also launched their Internet of Things Competency, which provides companies that utilize technology that focuses on smart cities, energy, healthcare, and automotive issues, with a platform to work from.

The Growth of FinTech

Financial Technology, or FinTech, is growing at a fast rate around the world.

From London to Singapore, countries are battling it out to make it to the top spot as the global hub for startups.

London is currently number one, but Singapore is hot on London’s tail to take the lead.

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