There are a vast number of federal agencies tasked with regulating and overseeing the nation’s financial markets and institutions to ensure they function effectively and efficiently. Whether it’s to protect consumers, support fair play among businesses or ensure lenders have the credit resources they need — these agencies play a vital role in preserving the health of the U.S. economy.
But as the world becomes more digitally driven, it’s essential for federal agencies to also have the data analytics tools to keep up.
As a former Freddie Mac director and international financial services expert — and now Head of U.S. Federal Financial Services at AWS — Olivia Peterson has a unique perspective on how federal financial agencies and regulators are adapting to this fast-changing environment.
In this exclusive FedScoop interview, Peterson talks about the primary challenges federal financial officials face; and how advances in cloud computing offer more powerful tools to oversee financial markets.
FedScoop: What primary IT challenges have you seen federal financial agencies facing to meet their missions in today’s rapidly evolving digital marketplace?
FedScoop: What key steps have you seen agencies take to modernize their IT?
FedScoop: What were some of the agency outcomes or advances that have impressed you and your colleagues at AWS? And what key take-aways might be applied at other financial agencies and regulators?
This video interview was produced by FedScoop and underwritten by AWS.
Read more insights from AWS leaders on how agencies are using the power of the cloud to innovate.