CloudTechnology

AWS Outage Disrupts Reddit and Major Online Services, Recovery Underway

A significant AWS outage has impacted numerous online platforms, including Reddit, which continues to experience errors. Reports indicate that while mitigation is in progress, many services remain partially unavailable.

Widespread Disruption from AWS Server Issues

A major outage affecting Amazon Web Services (AWS) led to widespread disruptions across the internet this Monday, according to reports. The downtime impacted a range of popular applications and services, including productivity tools like Zoom and Slack, as well as gaming platforms such as Fortnite and Palworld. Sources indicate that the issues originated from AWS’s East Coast infrastructure, causing partial or complete unavailability for many users.

AIBanking

Digital Banking Innovator Implements AI-Powered Lending Platform to Transform Small Business Financing

In a significant move toward automated financial services, First Internet Bank has reportedly integrated Parlay Finance’s AI-native loan intelligence system. Banking executives suggest the technology could increase lending process efficiencies by up to 50% while delivering enhanced customer experiences for small business borrowers.

Banking Efficiency Transformation Through AI Integration

First Internet Bank has reportedly integrated Parlay Finance’s artificial intelligence-powered loan intelligence system, marking a significant advancement in digital lending technology. According to reports, the implementation could potentially increase efficiencies throughout the lending process by as much as 50% as the system enables the bank’s SBA lending operations team to eliminate manual tasks and gain deeper insights for loan decisioning.