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