Rackspace Achieves AWS Financial Services Competency
May 29, 2018
Rackspace today announced that it has achieved Amazon Web Services (AWS) Financial Services Competency status. This designation recognizes Rackspace for leveraging its deep expertise to implement effective solutions that help financial services organizations manage critical issues such as risk management, core systems implementations, data management, navigating compliance requirements, and establishing governance models. Rackspace delivers true transformation as a service across applications, data, security and infrastructure. Achieving the AWS Financial Services Competency is an important step in Rackspace’s broader effort to support financial services organizations with their digital transformation.
According to a recent report from the Financial Executives Research Foundation (FERF), 72 percent of U.S. finance executives were either using cloud-based solutions in 2017 or they planned to do so in the future. While many banking, insurance, investment firms and other financial services organizations are moving to the cloud at an increasing rate, most lack the resources and expertise needed to navigate this digital transformation on their own.
Rackspace combines decades of hosting experience, expert guidance and a deep understanding of the security, performance and scaling needs of the financial services industry to deliver cloud solutions. Rackspace can serve as a trusted advisor for financial institutions by providing support with security, compliance, workload optimization, data management and analytics.
Achieving the AWS Financial Services Competency differentiates Rackspace as an AWS Partner Network (APN) member that has demonstrated relevant technical proficiency and proven customer success, delivering solutions on AWS. To receive the designation, APN Partners must demonstrate deep AWS expertise and undergo an assessment of the security, performance, and reliability of their solutions.
"Rackspace is proud to achieve AWS Financial Services Competency status," said Ven Shanmugam, general manager of Rackspace’s Fanatical Support for AWS business. "The financial services industry is going through an exciting period of innovation. Our global team is committed to delivering the expertise and solutions necessary to enable customers in the financial services industry to achieve their digital transformation goals, by leveraging the agility of AWS."
AWS is enabling scalable, flexible and cost-effective solutions for companies ranging from startups to global enterprises. To support the seamless integration and deployment of these solutions, AWS established the AWS Competency Program to help customers identify APN Consulting and Technology Partners with deep industry experience and expertise.
"What stood out to us was Rackspace’s willingness to jump right in," said Rob Lincolne, CEO and founder of PayDock, a company that provides merchants with a single-API integration solution to unlock access to all payment types. "With Rackspace, we can function as a normal business. We can use softer business practices in how we deliver things, without being constrained by the fact that we’re PCI- and DSS-compliant. We let Rackspace take a compliance burden away from us that otherwise we’d have to carry."
In addition to the Financial Services Competency, Rackspace has achieved AWS Competency status in six other areas, including for Migration, Storage, Microsoft Workloads, Oracle, DevOps, and Marketing and Commerce. Rackspace is also a Premier Consulting Partner in the APN, allowing them to assist AWS users along all stages of their cloud transformation journey.