Intelligent Fin.tech Issue 11 | Page 56

CLOUD SOLUTIONS

AMAZON WEB SERVICES ANNOUNCES GENERAL AVAILABILITY OF AWS APPFABRIC

Amazon Web Services ( AWS ) has officially launched AWS AppFabric , a service aimed at enhancing the functionality and security of top Software-as-a-Service ( SaaS ) applications . One notable adopter of AWS AppFabric is Bank Leumi , Israel ' s largest bank , which is leveraging the solution to deliver exceptional digital banking services to a wide range of clients . This partnership highlights the significance of AWS AppFabric in enabling organisations to elevate their digital capabilities while safeguarding sensitive data .

Amazon Web Services Inc . ( AWS ) announced the general availability of AWS AppFabric , a no-code service that enhances companies ’ existing investments in Software-as-a- Service ( SaaS ) applications with improved security , management and productivity . Information technology ( IT ) and security teams can use AppFabric to add new capabilities that make their existing SaaS applications and productivity suites work better together . AppFabric aggregates and normalises log data from apps like Asana , Slack and Zoom , as well as productivity suites such as Microsoft 365 and Google Workspace , to increase application observability and reduce operational costs associated with building and maintaining point-to-point integrations .
AWS also unveiled a generative Artificial Intelligence ( AI ) feature that will be available in a future release of AppFabric . Powered by Amazon Bedrock , this feature will use large language models ( LLMs ) and content from multiple SaaS applications from the common API layer to automatically make suggestions , execute tasks or generate insights across applications and return results within the user ’ s preferred application .
Bank Leumi , Israel ’ s largest bank , providing digital banking services to individuals , SMEs and large enterprises have taken on the solution . “ We really like the easy integration and improved security visibility that AppFabric brings to our organisation ,” said Dudi Levi , Head of Cyber Data at Bank Leumi . “ By leveraging AWS AppFabric to aggregate logs from widely used SaaS enterprise applications and its support for the OCSF schema , we are able to reduce the time to deliver security logs to our advanced security operations centre . What took us days will now only take hours . The logs will be streamed to the bank ’ s Amazon Redshift and Amazon Aurora analytics services and ready for immediate consumption across analytics , rules and forensic workloads ."
“ At AWS , our customers build and use powerful applications to support employee productivity , but we increasingly hear that integrating , managing and securing apps is a major pain point for IT and security teams ,” said Dilip Kumar , Vice President of Applications at AWS . “ Building dozens of custom point-to-point integrations and monitoring data and usage without normalisation isn ’ t practical in the long term . With AppFabric , customers now have a simple solution to deploy and scale the world ’ s most widely used applications in a way that helps organisations cut costs , increase productivity and improve security .” �
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