• Press release BoxID 614576

De Nederlandsche Bank and Amazon Web Services Open the Door for Dutch Financial Institutions to Realize the Many Benefits of the CLOUD

Banking regulator, Dutch Central Bank, helps clear path to cloud computing in The Netherlands

(PresseBox) (Seattle, ) Many financial institutions based in The Netherlands have sought the clearance of the country's banking regulator, De Nederlandsche Bank (DNB), to take advantage of all the benefits cloud computing has to offer. The DNB has now clarified that the requirement for supervision is met by institutions using Amazon Web Services (AWS). Financial institutions must still meet other requirements, such as carrying out standard risk analysis for their solution, however this announcement clears the key criteria for Dutch organisations looking to move to AWS. This means that Dutch financial organisations, including banks and insurance companies, can now start moving their technology infrastructure to the AWS cloud.

The announcement covers the use of AWS in all facets of Dutch financial operations, such as websites, mobile applications, retail banking platforms, high performance computing and credit risk analysis solutions. Additionally, the storage and management of all levels of data on the AWS Cloud, as well as the use of technology that runs on top of AWS and is provided by third party vendors, are also included.

This allows financial institutions in The Netherlands to join other organisations around the world already taking advantage of the flexibility and cost savings of AWS such as Bankinter in Spain, Unicredit in Italy and the Commonwealth Bank of Australia. By using AWS, Dutch financial sector companies are able to focus on improving performance and innovating services for their customers rather than on the undifferentiated heavy lifting of maintaining their own IT infrastructure.

"As a Dutch company specialising in core banking technology for the financial sector we have chosen AWS to run our 'bank-out-of-the-box' SaaS solution," said Chris Zadeh, CEO of Dutch banking technology firm Ohpen. "Large Dutch banks are already moving their entire retail banking platforms to the cloud using Ohpen core banking technology running on top of AWS. Choosing AWS based technology gives customers IT infrastructure that has better performance than they have had in the past and, because this initiative has the approval of the DNB, they can take advantage of the security and reliability of AWS while ensuring they comply with all outsourcing legislation."

"This announcement comes at a time when cloud computing is starting to transform the financial services sector," said Steve Midgley, Head of EMEA - Amazon Web Services, Amazon EU SarL. "This adds to other initiatives, such as the NASDAQ FinQloud, that are specifically designed to help financial services businesses to innovate, with faster time to market, and reduced capital expenditure on technology resources while maintaining high levels of reliability and security. Due to the DNB's efforts, Dutch financial organisations can now enjoy the benefits of cloud computing thus creating efficiency in the sector. "

Forward-Looking Statements

This announcement contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Actual results may differ significantly from management's expectations. These forward-looking statements involve risks and uncertainties that include, among others, risks related to competition, management of growth, new products, services and technologies, potential fluctuations in operating results, international expansion, outcomes of legal proceedings and claims, fulfillment and data center optimization, seasonality, commercial agreements, acquisitions and strategic transactions, foreign exchange rates, system interruption, inventory, government regulation and taxation, payments and fraud. More information about factors that potentially could affect Amazon.com's financial results is included in Amazon.com's filings with the Securities and Exchange Commission, including its most recent Annual Report on Form 10-K and subsequent filings.

About Amazon Web Services

Launched in 2006, Amazon Web Services, Inc. began exposing key infrastructure services to businesses in the form of web services -- now widely known as cloud computing. The ultimate benefit of cloud computing, and AWS, is the ability to leverage a new business model and turn capital infrastructure expenses into variable costs. Businesses no longer need to plan and procure servers and other IT resources weeks or months in advance. Using AWS, businesses can take advantage of Amazon's expertise and economies of scale to access resources when their business needs them, delivering results faster and at a lower cost. Today, Amazon Web Services are a highly reliable, scalable, low-cost infrastructure platform in the cloud that powers hundreds of thousands of enterprise, government and startup customers businesses in 190 countries around the world. Amazon Web Services, Inc. offers over 30 different services, including Amazon Elastic Compute Cloud (Amazon EC2), Amazon Simple Storage Service (Amazon S3) and Amazon Relational Database Service (Amazon RDS). AWS services are available to customers from data center locations in the U.S., Brazil, Europe, Japan, Singapore and Australia.

Amazon.com, Inc. (NASDAQ:AMZN), a Fortune 500 company based in Seattle, opened on the World Wide Web in July 1995 and today offers Earth's Biggest Selection. Amazon.com, Inc. seeks to be Earth's most customer-centric company, where customers can find and discover anything they might want to buy online, and endeavors to offer its customers the lowest possible prices. Amazon.com and other sellers offer millions of unique new, refurbished and used items in categories such as Books; Movies, Music & Games; Digital Downloads; Electronics & Computers; Home & Garden; Toys, Kids & Baby; Grocery; Apparel, Shoes & Jewelry; Health & Beauty; Sports & Outdoors; and Tools, Auto & Industrial. Amazon Web Services provides Amazon's developer customers with access to in-the-cloud infrastructure services based on Amazon's own back-end technology platform, which developers can use to enable virtually any type of business. Kindle Paperwhite is the most-advanced e-reader ever constructed with 62% more pixels and 25% increased contrast, a patented built-in front light for reading in all lighting conditions, extra-long battery life, and a thin and light design. The new latest generation Kindle, the lightest and smallest Kindle, now features new, improved fonts and faster page turns. Kindle Fire HD features a stunning custom high-definition display, exclusive Dolby audio with dual stereo speakers, high-end, laptop-grade Wi-Fi with dual-band support, dual-antennas and MIMO for faster streaming and downloads, enough storage for HD content, and the latest generation processor and graphics engine-and it is available in two display sizes-7" and 8.9". The large-screen Kindle Fire HD is also available with 4G wireless, and comes with a groundbreaking $49.99 introductory 4G LTE data package. The all-new Kindle Fire features a 20% faster processor, 40% faster performance, twice the memory, and longer battery life.

Amazon and its affiliates operate websites, including www.amazon.com, www.amazon.co.uk, www.amazon.de, www.amazon.co.jp, www.amazon.fr, www.amazon.ca, www.amazon.cn, www.amazon.it, www.amazon.es, www.amazon.com.br and www.amazon.in. As used herein, "Amazon.com," "we," "our" and similar terms include Amazon.com, Inc., and its subsidiaries, unless the context indicates otherwise.

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