Notice: Amazon FinSpace has been discontinued by AWS. For managing and analyzing financial data, AWS recommends migrating to Amazon RDS, Amazon Redshift, or self-managed database environments. New customers can no longer use this service.
What is Amazon FinSpace?
Amazon FinSpace is a specialized data management service built for the requirements of the financial industry. The service simplifies collecting, organizing, and analyzing financial data that is typically distributed across many different sources and formats.
In the financial industry, analysts often spend most of their time searching for and preparing data rather than performing actual analysis. FinSpace addresses this problem by providing a central location for all financial data, with built-in data normalization and access control capabilities.
The service offers a managed notebook environment for interactive analysis and supports common financial data formats. Strict access controls and audit capabilities ensure regulatory requirements are met.
Core Features
- Financial Data Catalog: Central catalog for organizing and discovering financial data from various sources
- Data Normalization: Built-in functions for transforming and unifying various financial data formats
- Managed Notebooks: Jupyter-based analysis environment with pre-installed financial libraries
- Granular Access Control: Fine-grained permissions at dataset and field level for regulatory compliance
- Time Series Optimization: Specialized storage and query capabilities for financial time series data
Typical Use Cases
Financial Data Analysis: Analysts use FinSpace to consolidate and analyze market data, company data, and alternative data sources together. Built-in normalization saves significant data preparation effort.
Risk Management: Risk teams use FinSpace to consolidate risk data from various systems and calculate risk models on a unified data foundation.
Portfolio Analysis: Asset managers use FinSpace to bring together portfolio data, market data, and benchmark data in one environment and perform performance analyses.
Benefits
- Purpose-built for financial industry requirements
- Significantly reduces time spent on data preparation
- Regulatory compliance through granular access control
- Integrated analytics environment with financial libraries
Integration with innFactory
As an AWS Reseller, innFactory supports you with Amazon FinSpace: from architecture planning and data integration to normalization setup and configuring analysis environments for your financial analysts.
Typical Use Cases
Frequently Asked Questions
What is Amazon FinSpace?
Amazon FinSpace is a data management and analytics service designed specifically for the financial industry. It enables collecting, cataloging, and preparing financial data from various sources in a unified environment.
Who is Amazon FinSpace designed for?
FinSpace is designed for financial institutions, hedge funds, asset managers, and other financial industry organizations that need to efficiently manage and analyze large volumes of financial data.
What data formats does FinSpace support?
FinSpace supports common financial data formats and provides built-in functions for normalizing and transforming time series data, market data, and other financial data types.
Note: All product information on this page has been compiled with care, but is provided without guarantee and may be outdated or incomplete. Cloud services evolve rapidly — features, pricing, SLAs, and availability change frequently. Authoritative and up-to-date information can only be found on the official product page of AWS (official documentation). This page does not represent an offer by AWS.