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Step-by-Step Guide to Creating an AWS RDS Database Instance

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 Amazon Relational Database Service (AWS RDS) makes it easy to set up, operate, and scale a relational database in the cloud. Instead of managing servers, patching OS, and handling backups manually, AWS RDS takes care of the heavy lifting so you can focus on building applications and data pipelines. In this blog, we’ll walk through how to create an AWS RDS instance , key configuration choices, and best practices you should follow in real-world projects. What is AWS RDS? AWS RDS is a managed database service that supports popular relational engines such as: Amazon Aurora (MySQL / PostgreSQL compatible) MySQL PostgreSQL MariaDB Oracle SQL Server With RDS, AWS manages: Database provisioning Automated backups Software patching High availability (Multi-AZ) Monitoring and scaling Prerequisites Before creating an RDS instance, make sure you have: An active AWS account Proper IAM permissions (RDS, EC2, VPC) A basic understanding of: ...
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5 Key Ideas on SAS Banking Analytics

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SAS is providing solutions for banking. Getting away with financial crime just got harder. The latest SAS Financial Crimes Suite arms institutions to detect potential suspicious activity more efficiently than ever.
A new customer due diligence solution within the suite more accurately detects changes in a customer’s risk profile. Enhanced anti-money laundering and case management capabilities also make it easier to have a complete view of threats across an institution’s financial crimes investigation unit.

“A comprehensive view of potential threats will help in efforts to thwart criminals from successful attempts of hiding illicit funds,” says James Wester, global payments research director at IDC Financial Insights.

 “A technology infrastructure with customer risk rating and high-performance analytics will help speed detection and investigation in all channels.”.

SAS Analytics Suite for Banking Crimes

  1. Today’s rigorous regulatory environment requires banks to move quickly with confidence. SAS Financial Crimes Suite uses a visual scenario designer to recommend optimal detection models. The designer instantly assesses the impact of potential scenarios and risk-rating changes.
  2. In-memory architecture speeds analysis of real-time testing environments, reducing guesswork through improved model efficiency. 
  3. To identify potential money launderers and people funneling money to terrorists, institutions must constantly assess customer activity. The SAS Customer Due Diligence does this by weighing all customer data to set baseline expectations. 
  4. Data management features easily integrate key customer attributes from external sources and detect incriminating relationships. 
  5. The regulatory reporting interface controls both workflow and investigations. Context-aware analytics intercept and assess events for possible risk. The resulting baseline customer score can be automatically updated with a new risk rating based on behavior changes
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