AWS is making a big push onto Wall Street as financial data providers increasingly adopt the tech

Good morning and welcome to Insider Finance. I’m Dan DeFrancesco, and here’s what’s on the agenda today:

  • An AWS exec details how the tech giant is helping firms like JPMorgan and Millennium leverage the tech when it comes to their data analysis.  
  • A pair of former banks just raised $15 million for their startup aimed at reimagining how lunch is done on Wall Street.
  • We break down three tax proposals that could cost the rich millions. 

If you’re not yet a subscriber, you can sign up here to get your daily dose of the stories dominating banking, business, and big deals.

Like the newsletter? Hate the newsletter? Feel free to drop me a line at [email protected] or on Twitter @DanDeFrancesco. 

An AWS exec details how firms like JPMorgan and Millennium are using data analytics in the public cloud as Wall Street leans more into the tech

We sat down with AWS exec John Kain, who discussed how firms like JPMorgan and Millennium are leveraging the cloud provider’s analytics. Take a look at what he told us.

Food-delivery startup Sharebite just nabbed a $15 million Series A as its ex-investment banker cofounders aim to transform how Wall Street gets lunch

Firms like Credit Suisse and Sullivan & Cromwell use Sharebite, a startup aimed at transforming and improving how Wall Street firms facilitate food delivery at the office. Here’s how they’re shaking up the industry.

3 things the wealthy should know about the tax proposals that could cost them millions, according to a top advisor to the superrich

The rich are in the crosshairs of the new Democratic administration and Congress, as certain tax proposals could upend estate planning for the wealthy. These are the three potential changes that could cost them most dearly.

Fraud-prevention startup Sift just announced plans to acquire Chargeback as the $1 billion fintech looks to broaden its offering in the red-hot space

Bringing the two companies’ data sources together could help reduce fraud further, the CEOs told Insider. Here’s what else they said.

Odd lots:

Forever 21 Owner Authentic Brands Plans IPO This Year (Bloomberg)

Morgan Stanley’s Global Head of Prime Brokerage Steps Down (WSJ)

Yes, you can get paid in cryptocurrency. Here’s how it works for employees and companies. (Insider)

A picture of a switch and lightbulb
Source: Read Full Article

click fraud detection