Thursday 07 November 2019

New public cloud for FS marks a key step for Big Blue

ibmUS technology giant, IBM, has launched a new public cloud offering targeted at banks and specifically tailored to provide rigorous levels of security and resilience, in order to satisfy stringent regulatory requirements.

The new public cloud platform has been developed by IBM’s financial services risk and compliance, advisory arm, Promontory, in conjunction with charter client, Bank of America. The new offering will enable banks and their technology partners to utilise a fully compliant public cloud environment in which to run key applications and workloads.

promontoryThe vast majority of the world's largest banks still rely on IBM's systems and services, and the move marks an important step for Big Blue’s strategy around cloud, financial services and addressing vertical specific business challenges (see: IBM revenue dips for fifth consecutive quarter).

Whilst widespread public cloud adoption is increasingly the longer-term ambition for much of the banking industry, regulators in many territories are understandably watching developments closely. It is no coincidence therefore that IBM has put data security, resilience and customer privacy to the fore via this latest offering.

Posted by: Jon C Davies

Tags: PublicCloud  

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