IBM takes to the cloud for FinTech with Bank of America

November 06, 2019 | Cloud

Written by FinTech Alliance

IBM takes to the cloud for FinTech with Bank of America

The US banking giant is the first client on this public platform 

In Brief:

  • IBM subsidiary, Promontory, worked with Bank of America to shape this industry leading financial services public cloud.
  • The platform is designed specifically to meet bank requirements for regulatory compliance, security and resiliency. 
  • Bank of America says the platform will allow it to put data security and customer privacy at the "forefront of decision making."

What this means

IBM's financial services-ready public cloud will help give financial institutions an opportunity to more efficiently assess the security, resiliency and compliance of their technology vendors. Ultimately it hopes to create a platform that will help the modern financial services sector scale in a way that puts security and privacy at the fore.

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