In today’s fast-paced digital landscape, banking, financial services, and insurance (BFSI) leaders are under immense pressure to reduce costs while maintaining performance and compliance. Amidst this backdrop, Amazon Web Services (AWS) has cut jobs across its cloud computing arm, signaling the need for BFSI leaders to re-evaluate their cloud infrastructure strategies.
As AWS invests over MYR 29.2 billion (~USD 6.2 billion) in the Malaysia Region by 2038, local infrastructure is scaling rapidly. National AI initiatives are pushing IT leaders towards heavier compute and storage use, driven by workloads in fraud detection, credit scoring, and compliance. To succeed in this landscape, BFSI leaders must adopt expert strategies for a future-ready infrastructure.
Success Stories from BFSI Leaders
Fintech’s Real-Time Settlement Shift: Scaling Kafka/EKS platform for 20M+ daily transactions. Solution: Migrated to AWS Malaysia, optimized instance sizing, and implemented automated lifecycle policies. Outcome: Improved throughput & reduced monthly cloud spend by ~18%.
Expert Strategies for a Future-Ready Infrastructure
4.3 Region-Aware Auto-Scaling & Routing
Maximize savings through smart workload distribution. By leveraging AWS’s region-aware auto-scaling and routing, BFSI leaders can ensure that workloads are distributed efficiently across regions, reducing costs and improving performance.
4.1 Tag & Cap AI Workloads
Track usage. Enforce budgets. Control AI cost volatility. By using AWS Cost Explorer, CloudHealth, or native platform tags to label workloads by team, environment, or model type, BFSI leaders can set budget alarms or use reserved credits to cap high-frequency GPU usage, reducing costs and improving AI performance.
4.2 Rightsize Storage with Archival Policies
Cut 25–40% in S3/Blob storage costs with policy-driven data lifecycle management. By migrating cold data to Amazon Glacier or Azure Archive tiers and enabling automated lifecycle policies for infrequently accessed logs and datasets, BFSI leaders can reduce storage costs and improve data management.
Conclusion
In today’s fast-paced digital landscape, BFSI leaders must adopt expert strategies to reduce costs while maintaining performance and compliance. By leveraging AWS’s region-aware auto-scaling and routing, tagging and capping AI workloads, and right-sizing storage with archival policies, BFSI leaders can unlock cost efficiency and future-proof their infrastructure. With AWS investing heavily in the Malaysia Region, now is the perfect time for BFSI leaders to re-evaluate their cloud infrastructure strategies and adopt expert strategies for a future-ready infrastructure.
Originally published on https://www.outlookbusiness.com/corporate/amazon-cuts-jobs-across-cloud-computing-arm-aws-after-ceos-warning
