Strengthening Identity Verification and Security with AWS Services
About the Customer
The customer is a leading financial services provider responsible for managing and securing digital transactions across a national banking ecosystem. As the backbone of financial interoperability, the organization processes millions of daily transactions and ensures seamless identity verification for financial institutions and payment service providers.
Customer Challenge
With an increasing volume of digital transactions and a growing demand for secure financial services, the institution faced challenges in verifying identities, preventing fraud, and maintaining compliance with financial security regulations. Legacy authentication systems struggled to keep up with modern security threats, leading to increased fraud risks and operational inefficiencies.
Additionally, the lack of a centralized security architecture created fragmentation across multiple financial institutions, making it difficult to enforce consistent security controls. Without an advanced identity verification system, fraudsters could exploit weak authentication methods, leading to potential financial losses and reputational damage.
Partner Solution
To enhance identity verification and secure digital transactions, the customer implemented a multi-layered AWS security solution that integrated robust identity verification (IDV) controls with advanced AWS-native security services.
The journey began with the deployment of AWS Identity and Access Management (IAM), enforcing fine-grained permissions and multi-factor authentication (MFA) across all financial service providers connected to the platform. To support real-time identity verification, AWS Payment Cryptography was integrated to secure sensitive cardholder data and authentication processes.
To ensure compliance and security at the network level, AWS Network Firewall was deployed to monitor and restrict unauthorized traffic, reducing the risk of fraudsters exploiting open access points. Additionally, AWS Web Application Firewall (WAF) was configured to block malicious web requests, providing an extra layer of protection against injection attacks and account takeovers.
Data security and compliance were further reinforced with AWS Key Management Service (KMS), which encrypted sensitive identity data at rest and in transit. Transaction logs and user authentication records were stored in Amazon Relational Database Service (RDS) and Amazon Simple Storage Service (S3) with encryption enabled, ensuring secure and tamper-proof data storage.
To enhance system visibility and incident response, Amazon CloudWatch was configured to monitor authentication patterns and detect anomalies in login attempts. AWS Config continuously audited security configurations to ensure compliance with industry standards. AWS CloudTrail logged all authentication events, providing a comprehensive audit trail for forensic investigations and regulatory reporting.
API security was also a priority, with Amazon API Gateway managing secure API authentication between banks, payment processors, and financial institutions. This ensured that only authorized requests were processed, preventing unauthorized access to identity verification services.
Primary AWS Services Used
- AWS Identity and Access Management (IAM): Enforces fine-grained access controls and multi-factor authentication (MFA).
- AWS Payment Cryptography: Secures sensitive cardholder data and authentication processes.
- AWS Network Firewall: Monitors and restricts unauthorized network traffic.
- AWS Web Application Firewall (WAF): Blocks malicious web requests.
- AWS Key Management Service (KMS): Encrypts sensitive data at rest and in transit.
- Amazon Relational Database Service (RDS): Stores transaction logs securely.
- Amazon Simple Storage Service (S3): Stores audit logs and compliance reports.
- Amazon CloudWatch: Monitors authentication patterns and detects anomalies.
- AWS Config: Audits security configurations for compliance.
- AWS CloudTrail: Logs all authentication events for auditability.
- Amazon API Gateway: Manages secure API authentication.
Results and Benefits
By leveraging AWS security services for identity verification, the financial institution achieved:
- 99.9% fraud detection accuracy, preventing unauthorized transactions and fraudulent identity use.
- 80% improvement in authentication speed, enhancing customer experience and reducing transaction delays.
- Compliance with financial security regulations, ensuring adherence to national and international identity verification standards.
- Centralized security monitoring, reducing security incident resolution time by 60%.
The AWS-powered solution not only strengthened identity verification but also streamlined security operations, ensuring a secure and efficient digital banking ecosystem.
About the Partner
Qucoon is an AWS Advanced Consulting Partner and an AWS Advanced Training Partner creating and driving AWS Cloud values for enterprise and public sector customers across geographies through:
- Cloud strategy, migration & modernization
- Solutions engineering & managed services
- Machine Learning & AI
- FinOps and cost optimization
About Client
About the Customer
The customer is a leading financial services provider responsible for managing and securing digital transactions across a national banking ecosystem. As the backbone of financial interoperability, the organization processes millions of daily transactions and ensures seamless identity verification for financial institutions and payment service providers.
Customer Challenge
With an increasing volume of digital transactions and a growing demand for secure financial services, the institution faced challenges in verifying identities, preventing fraud, and maintaining compliance with financial security regulations. Legacy authentication systems struggled to keep up with modern security threats, leading to increased fraud risks and operational inefficiencies.
Additionally, the lack of a centralized security architecture created fragmentation across multiple financial institutions, making it difficult to enforce consistent security controls. Without an advanced identity verification system, fraudsters could exploit weak authentication methods, leading to potential financial losses and reputational damage.
Partner Solution
To enhance identity verification and secure digital transactions, the customer implemented a multi-layered AWS security solution that integrated robust identity verification (IDV) controls with advanced AWS-native security services.
The journey began with the deployment of AWS Identity and Access Management (IAM), enforcing fine-grained permissions and multi-factor authentication (MFA) across all financial service providers connected to the platform. To support real-time identity verification, AWS Payment Cryptography was integrated to secure sensitive cardholder data and authentication processes.
To ensure compliance and security at the network level, AWS Network Firewall was deployed to monitor and restrict unauthorized traffic, reducing the risk of fraudsters exploiting open access points. Additionally, AWS Web Application Firewall (WAF) was configured to block malicious web requests, providing an extra layer of protection against injection attacks and account takeovers.
Data security and compliance were further reinforced with AWS Key Management Service (KMS), which encrypted sensitive identity data at rest and in transit. Transaction logs and user authentication records were stored in Amazon Relational Database Service (RDS) and Amazon Simple Storage Service (S3) with encryption enabled, ensuring secure and tamper-proof data storage.
To enhance system visibility and incident response, Amazon CloudWatch was configured to monitor authentication patterns and detect anomalies in login attempts. AWS Config continuously audited security configurations to ensure compliance with industry standards. AWS CloudTrail logged all authentication events, providing a comprehensive audit trail for forensic investigations and regulatory reporting.
API security was also a priority, with Amazon API Gateway managing secure API authentication between banks, payment processors, and financial institutions. This ensured that only authorized requests were processed, preventing unauthorized access to identity verification services.
Primary AWS Services Used
- AWS Identity and Access Management (IAM): Enforces fine-grained access controls and multi-factor authentication (MFA).
- AWS Payment Cryptography: Secures sensitive cardholder data and authentication processes.
- AWS Network Firewall: Monitors and restricts unauthorized network traffic.
- AWS Web Application Firewall (WAF): Blocks malicious web requests.
- AWS Key Management Service (KMS): Encrypts sensitive data at rest and in transit.
- Amazon Relational Database Service (RDS): Stores transaction logs securely.
- Amazon Simple Storage Service (S3): Stores audit logs and compliance reports.
- Amazon CloudWatch: Monitors authentication patterns and detects anomalies.
- AWS Config: Audits security configurations for compliance.
- AWS CloudTrail: Logs all authentication events for auditability.
- Amazon API Gateway: Manages secure API authentication.
Results and Benefits
By leveraging AWS security services for identity verification, the financial institution achieved:
- 99.9% fraud detection accuracy, preventing unauthorized transactions and fraudulent identity use.
- 80% improvement in authentication speed, enhancing customer experience and reducing transaction delays.
- Compliance with financial security regulations, ensuring adherence to national and international identity verification standards.
- Centralized security monitoring, reducing security incident resolution time by 60%.
The AWS-powered solution not only strengthened identity verification but also streamlined security operations, ensuring a secure and efficient digital banking ecosystem.
About the Partner
Qucoon is an AWS Advanced Consulting Partner and an AWS Advanced Training Partner creating and driving AWS Cloud values for enterprise and public sector customers across geographies through:
- Cloud strategy, migration & modernization
- Solutions engineering & managed services
- Machine Learning & AI
- FinOps and cost optimization
Business Background
About the Customer
The customer is a leading financial services provider responsible for managing and securing digital transactions across a national banking ecosystem. As the backbone of financial interoperability, the organization processes millions of daily transactions and ensures seamless identity verification for financial institutions and payment service providers.
Customer Challenge
With an increasing volume of digital transactions and a growing demand for secure financial services, the institution faced challenges in verifying identities, preventing fraud, and maintaining compliance with financial security regulations. Legacy authentication systems struggled to keep up with modern security threats, leading to increased fraud risks and operational inefficiencies.
Additionally, the lack of a centralized security architecture created fragmentation across multiple financial institutions, making it difficult to enforce consistent security controls. Without an advanced identity verification system, fraudsters could exploit weak authentication methods, leading to potential financial losses and reputational damage.
Partner Solution
To enhance identity verification and secure digital transactions, the customer implemented a multi-layered AWS security solution that integrated robust identity verification (IDV) controls with advanced AWS-native security services.
The journey began with the deployment of AWS Identity and Access Management (IAM), enforcing fine-grained permissions and multi-factor authentication (MFA) across all financial service providers connected to the platform. To support real-time identity verification, AWS Payment Cryptography was integrated to secure sensitive cardholder data and authentication processes.
To ensure compliance and security at the network level, AWS Network Firewall was deployed to monitor and restrict unauthorized traffic, reducing the risk of fraudsters exploiting open access points. Additionally, AWS Web Application Firewall (WAF) was configured to block malicious web requests, providing an extra layer of protection against injection attacks and account takeovers.
Data security and compliance were further reinforced with AWS Key Management Service (KMS), which encrypted sensitive identity data at rest and in transit. Transaction logs and user authentication records were stored in Amazon Relational Database Service (RDS) and Amazon Simple Storage Service (S3) with encryption enabled, ensuring secure and tamper-proof data storage.
To enhance system visibility and incident response, Amazon CloudWatch was configured to monitor authentication patterns and detect anomalies in login attempts. AWS Config continuously audited security configurations to ensure compliance with industry standards. AWS CloudTrail logged all authentication events, providing a comprehensive audit trail for forensic investigations and regulatory reporting.
API security was also a priority, with Amazon API Gateway managing secure API authentication between banks, payment processors, and financial institutions. This ensured that only authorized requests were processed, preventing unauthorized access to identity verification services.
Primary AWS Services Used
- AWS Identity and Access Management (IAM): Enforces fine-grained access controls and multi-factor authentication (MFA).
- AWS Payment Cryptography: Secures sensitive cardholder data and authentication processes.
- AWS Network Firewall: Monitors and restricts unauthorized network traffic.
- AWS Web Application Firewall (WAF): Blocks malicious web requests.
- AWS Key Management Service (KMS): Encrypts sensitive data at rest and in transit.
- Amazon Relational Database Service (RDS): Stores transaction logs securely.
- Amazon Simple Storage Service (S3): Stores audit logs and compliance reports.
- Amazon CloudWatch: Monitors authentication patterns and detects anomalies.
- AWS Config: Audits security configurations for compliance.
- AWS CloudTrail: Logs all authentication events for auditability.
- Amazon API Gateway: Manages secure API authentication.
Results and Benefits
By leveraging AWS security services for identity verification, the financial institution achieved:
- 99.9% fraud detection accuracy, preventing unauthorized transactions and fraudulent identity use.
- 80% improvement in authentication speed, enhancing customer experience and reducing transaction delays.
- Compliance with financial security regulations, ensuring adherence to national and international identity verification standards.
- Centralized security monitoring, reducing security incident resolution time by 60%.
The AWS-powered solution not only strengthened identity verification but also streamlined security operations, ensuring a secure and efficient digital banking ecosystem.
About the Partner
Qucoon is an AWS Advanced Consulting Partner and an AWS Advanced Training Partner creating and driving AWS Cloud values for enterprise and public sector customers across geographies through:
- Cloud strategy, migration & modernization
- Solutions engineering & managed services
- Machine Learning & AI
- FinOps and cost optimization
