New Goldman Sachs-AWS data service points to a larger banking trend

Goldman Sachs, through a partnership with Amazon Web Services (AWS), has launched a financial data management and analytics service to help clients crunch data to extract business value.

The announcement is part of a larger trend where key players in vertical industries — in this case, financial services — partner with hyperscalers to offer cloud services.

Goldman Sachs’ new Financial Cloud for Data targets hedge funds, asset managers,  and other institutional clients who face growing amounts of market data in a digital-first age.

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