Maximizing Data-Driven Impact with AWS Finance Analytics
Ascendion developed a Generative BI solution, powered by AWS cloud services, to transform financial analytics with real-time insights and AI-driven automation. This solution eliminated manual inefficiencies, enhanced decision-making speed, and provided deeper financial intelligence.
To make financial analysis faster, smarter, and more intuitive, Ascendion leveraged AWS in the following ways:
- Insight-driven data– using AI and text recognition, the system automatically converts financial data into easy-to-read summaries and visuals, making reports more accessible for decision-makers.
- Faster and smarter data retrieval – the new optimized data model ensures that finance teams can pull up critical reports in seconds, eliminating slow, outdated processes.
- Natural language questioning with easy answers – with AWS’ AI-powered architecture, finance teams can simply ask a question in natural language (like, “what were our top expenses last quarter?”), and get accurate, context-aware insights immediately.
- Real-time forecasting & budgeting – CFOs and finance teams now have instant access to predictive insights, helping them make smarter budgeting decisions and plan for the future with confidence.
By leveraging AWS, the bank now operates with real-time financial intelligence, making faster, data-driven decisions that improve efficiency and agility.
Driving Business Impact with AWS-Powered Finance Analytics
Ascendion’s AWS-driven financial transformation delivered unmatched speed, efficiency, and intelligence, helping the bank lead in digital finance innovation.
- 65% faster financial analysis – accelerated insights for quicker, data-driven decision-making.
- 80% reduced dependency on data analysts – finance teams now generate insights independently.
- 75% decrease in manual reporting effort – automated financial summaries eliminate inefficiencies.
- Enhanced cx & decision agility – real-time insights optimize forecasting and customer financial services.
Tech stack: OpenAI, SQL Server, Azure Data Factory, Python, Plotly, React, Fast API, FAISS Vector Storage
Shaping the Future of AI-Driven Finance with AWS
By leveraging AWS’s powerful cloud ecosystem, Ascendion created a financial intelligence blueprint, empowering finance teams to analyze, predict, and act faster. With AI-driven automation, real-time analytics, and scalable cloud architecture, the bank is now equipped to navigate the financial landscape with unparalleled agility and intelligence.