Stock-Clearing Firm DTCC Taps Amazon to Aid Shift to Cloud

AI Briefing

• – DTCC partners with Amazon Web Services to migrate its data management systems to the cloud, aiming to improve efficiency and reduce costs.
• – The move is part of DTCC's broader strategy to become a cloud-first organization, with Amazon providing the necessary infrastructure and expertise.
• – The deal is expected to enable DTCC to better support the increasing demand for cloud-based services in the financial industry.