Banking News

IBM Launches A New Cloud Initiative for Banks

IBM Launches A New Cloud Initiative for Banks

(31 July 2020 – Global) The implementation of cloud technology in financial services has been a growing trend. However, the adoption of cloud technology has been complex and strenuous for the banks who are seeking to take advantage of this technology. 

IBM have created a new cloud initiative which seeks to help banks through the process of cloud adoption within their banking systems. Essentially, this initiative will provide the enhanced compliance security and resilient needed for banks to run large scale banking operations in cloud. 

The IBM Cloud Policy Framework for Financial Services, the Financial Service Cloud Advisory and a new IBM Cloud Security and Compliance Centre are just some of the measures IBM have put in place to ensure effective cloud resilience. 

“During the global pandemic, we've definitely seen that there is a really urgent call in the industry for businesses to shift their operations and the ways that they engage with their clients toward the cloud” commented IBM Cloud Vice President and Chief Technology Officer (CTO), Hillery Hunter. 

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