Banks

Banks join IBM’s financial services cloud as it doubles down on security, compliance

Dive Brief:

  • More banks are signing up for IBM’s financial services cloud collaboration with Bank of America, including French international banking group BNP Paribas, IBM announced Wednesday. MUFG Bank, the largest bank in Japan, is also exploring the financial services cloud deployment, though it’s not publicly stating its timeline, Hillery Hunter, VP, CTO of IBM Cloud, told CIO Dive. 

  • IBM is forming a Financial Services Cloud Advisory Council to advance its cloud policy framework tailored to the highly regulated sector. It’s led by Howard Boville, SVP, IBM Cloud, the former Bank of America CTO who joined IBM in May. Tony Kerrison, CTO of Bank of America, will also serve on the council. 

  • To implement the financial services cloud, IBM now has more than 30 partners operating as Independent Software Vendors, adhering to the security and risk requirements for financial services.

Dive Insight:

IBM has “several” clients beyond publicly

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China Finance China Banking, China Banks, China Finance Information, Chinese Currency


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