Amazon Picked By Klarna As Cloud Provider, AWS Base Expands
Zacks Investment Research | Dec 03, 2019 06:54AM ET
Amazon’s (NASDAQ:AMZN) cloud computing arm, Amazon Web Services (“AWS”) is well poised to grow further in the global cloud market on the back of increasing clientele, driven by expanding and innovating cloud services portfolio.
Recently, AWS has been selected by a leading global payments provider — Klarna — to help the latter to abide with regulatory compliance and protect its customer data. This highlights the power and reliability of AWS services.
Klarna is leveraging AWS’ robust database capabilities in order to reduce fault tolerance and increase reliability, as it plans to further expand the business. In regard to this, Klarna will utilize AWS services for its Open Banking follow-up services. In addition, the company plans to use AWS for its other follow-up launches of cloud-based Open Banking platform and customer authentication platform with additional on-demand products.
This deal lends AWS a competitive edge against the likes of Microsoft’s Azure, Alphabet’s Google Cloud and Alibaba’s cloud platform.
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