Taking a Dip in the Muni Bond Data Lake

P U B L I C S E C T O R
S U M M I T
NEW DELHI

© 2019, Amazon Web Services, Inc. or its affiliates. All rights reserved.P U B L I C S E C T O R
S U M M I T
Taking a Dip in the Muni Data Lake
John Hyland
Senior Cloud Architect
AWS Professional Services

© Hitachi Vantara Corporation 2019. All Rights Reserved.© Hitachi Vantara Corporation 2019. All Rights Reserved.© Hitachi Vantara Corporation 2019. All Rights Reserved.CONFIDENTIAL – For use by Hitachi Vantara Corporation employees and other audiences under NDA only.
Unlocking Municipal Market
Data Using NLP Powered
Searches with Amazon
Elasticsearch
Taking a Dip in the
Muni Data Lake
Santosh Reddy Karla
Principal Cloud Architect

© Hitachi Vantara Corporation 2019. All Rights Reserved.© Hitachi Vantara Corporation 2019. All Rights Reserved.
Agenda
Hitachi Vantara's Technical Approach
Introduction to MSRB
MSRB’s Business Opportunity
Lessons Learned & Next Steps

Municipal Securities Rulemaking Board
(MSRB)

Created by Congress in 1975 to protect municipal securities investors,
issuers and the public interest
Self-regulatory organization that writes rules, promotes transparency and provides
education
Subject to SEC oversight; no examination or enforcement authority
No federal funding; revenue from fees assessed on regulated entities

$3.9 trillion
capital market
2/3 of infrastructure
in the U.S. is
financed by
municipal bonds
50,000 state and local
governments issuers
and authorities
$442 billion in new
municipal securities
issued each year
1 million
municipal securities
39,000 trades
every day
$11 billion
daily volume

MSRB is Migrating to AWS
 Digitalize and automate
regulatory, compliance,
and monitoring
practices
 Anticipate emerging
risks and improve
market transparency
 Leverage insights to
promote a more fair
and efficient
municipal market
 Deliver new products
and services for
customers and future
stakeholders
 Foster a culture of
innovation that drives
rapid and continual
improvement
 Evaluate and adopt
emerging and
disruptive technologies
Anticipate &
Innovate as Market
Evolves
Harness the Power
of Market Data
Enhance Operational
Excellence

MSRB Business Opportunity
Harnessing the Power of Market Data

MSRB Data Sources
 Official Statements
 Financial
Disclosures
 Event Notices
 Bond Prices and
Yields
 Interest Rate Resets
 Credit Ratings
 Market Statistics
 Yield Curves
 Market Calendars
Disclosure
Documents
Market-
Wide Data
Security-
Specific
Data
State & Local
Governments
Data Vendors
Banks &
Broker-
Dealers

• Purpose and use of proceeds
• Essential terms of the bonds
• Other obligations of issuer
• Sources of payment
Inside an Official Statement

MSRB Data Journey & Business Challenges
"Golden Copy“
- single source
of truth
Market
Transparen
cy
Investor
Protectio
n
Lack of uniform standards
Limitations on provisioning
compute and storage
Unstructured
data

Hitachi Vantara
Enables MSRB on Their Data Journey

Wins U.S. Transportation
Command
(USTRANSCOM) award to
migrate federal applications
to the cloud
Of the 70,000+ AWS partners,
less than 0.1% (<60) hold the
prestigious honor of a
Premier Consulting Partner
150
Public
Cloud &
Security
Certs
100%
Public
Cloud
Revenue
350
Global
Employees
100+
Customers
across
diverse
Industries
24/7
Managed
Services
Highly Differentiated Portfolio
Proven Track Record
Hitachi Cloud Accelerator Platform is Cloud-
Agnostic
Overview of Hitachi Vantara Cloud Services

Solution Overview
Data Analytics
Platform
Natural
Language
Processing /
Data Extraction
Knowledge
Graph
Search Portal

Data Analytics Architecture
Developers /
Operations
S3 Bucket
/raw /curated /published
Raw
Submissions
S3 Bucket S3 Bucket
Amazon Comprehend
Amazon
SNS Topic
Amazon
SQS Queue
AWS
Lambda
Extraction
AWS
Step Functions
VPC
Amazon
Elasticsearch
Amazon
NeptuneAmazon
SQS Queue
AWS
Step Functions
Validation
Knowledge
Graphs
Amazon
Athena
MSRB
Users
Amazon
Cognito
AWS
IAM
AWS
KMS
Search
Amazon
CloudFront
Amazon S3
Amazon
API
Gateway
AWS
Lambda
Phase 2 – Search Portal

How we Built for the Future – Knowledge Graphs
Current State
Augment with
3rd party data
Future State

Key Benefits of the Solution
 11GB – 88GB
 10K – 90K
documents
Scalable
 Reduced dev
time from
months to
weeks
 Less than
$1K / month
ROI
 At-rest and
in-transit
encryption
 Secure
AuthN and
AuthZ
Secure
 99%
serverless
 Loosely
coupled
architecture
Serverless and
Managed
Services

Lessons Learned & Next Steps

Lessons Learned
Rapid
prototyping
Failing fast Accelerated
learning
through
partnership
Leveraging cloud
native and
managed AWS
services

Next Steps
All in with AWS
2019
Migration @ scale
2020
No data centers
202
1

Thank you!
S U M M I T
John Hyland
hylandjh@amazon.com

S U M M I T
Download our app to enhance
your Summit experience
Access the agenda, build your own
schedule, provide feedback easily
and more

S U M M I T
Three ways to get started:
• Scan the QR code on the screen or at
the back of your attendee badge
• Search “AWS Global Summits” in
Apple Store or Google Play
• Visit guidebook.com/app/aws

S U M M I T
Tap on the
featured guide
Tap “Download
Guide”
Tap
“Open”

S U M M I T
Summit Session Feedback
Take a quick five question survey – let us
know how we can improve.
Three ways to take the survey:
• Access the Summit app - session survey tab
• Scan the QR code
• Visit https://amzn.to/summit-session
Ballroom 3

S U M M I T

Taking a Dip in the Muni Bond Data Lake

Recommandé

Recommandé

Contenu connexe

Tendances

Tendances (20)

Similaire à Taking a Dip in the Muni Bond Data Lake

Similaire à Taking a Dip in the Muni Bond Data Lake (20)

Plus de Amazon Web Services

Plus de Amazon Web Services (20)

Taking a Dip in the Muni Bond Data Lake