06 November 2019

IBM takes to the cloud for FinTech with Bank of America

Written By FinTech Alliance in Cloud

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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