24
© 2020, Amazon Web Services, Inc. or its affiliates. All rights reserved.
How Xinja built a neobank on the cloud
S E C 0 7
Maria Sokolova
Solutions Architect
Amazon Web Services
Greg Steel
CIO, Architect and Co-Founder
Xinja Bank
Remember when…
Have you noticed the tide change?
Digital banking
20041994 2008
Digital banking
What did it take?
What happened since then?
Flexibility
Hardware
Consumption based pricing
Shared responsibility model
AWS Certified in Australia
Global reach
Core Banking System
Cloud native market challengers
Incumbents transforming
IN1Bank
License
APRA: 2018 Restricted ADI Framework
Reduced risk
© 2020, Amazon Web Services, Inc. or its affiliates. All rights reserved.
Direct entry payments
Card payments, Apple Pay & Google Pay
Personal loans
Home loans
Emergency loans & overdrafts
Payments
3rd Party SaaS
Core
platforms
KYC
External network services
© 2020, Amazon Web Services, Inc. or its affiliates. All rights reserved.
First stage
Build a Fit-For-Purpose deposit capability
Second stage
The anchor for a bigger enterprise
300 ms
2 ms
10-20 ms
10-20 ms
2 ms
A long
distance!
Third stage
Connecting to the world
© 2020, Amazon Web Services, Inc. or its affiliates. All rights reserved.
Fully PCI Compliant
Low-level
PCI
Compliance
© 2020, Amazon Web Services, Inc. or its affiliates. All rights reserved.
© 2020, Amazon Web Services, Inc. or its affiliates. All rights reserved.
CPS-234 – The really hard part about
building a bank
Shared
Responsibility Model
Self service
APRA’s licensing process http://bit.ly/APRA1
APRA’s Cloud Paper contains a list of observed weaknesses that can be used as a checklist http://bit.ly/APRAPaper
AWS PCI DSS quick start template & control mapping http://bit.ly/AWSPCIQuickStart
AWS User Guide to Financial Services Regulations & Guidelines in Australia http://bit.ly/FSIGuide
Get help
AWS Partner Network –Financial Services Competency http://bit.ly/AWSFSPartners
AWS Partner Network –Security Competency
AWS ProServe –Security, Risk & Compliance (SRC) Practice http://bit.ly/AWSProServe
Accelerate your journey
Thank you!
© 2020, Amazon Web Services, Inc. or its affiliates. All rights reserved.
Maria Sokolova
Greg Steel
