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IBM debuts cloud computing platform for financial services industry

November 07, 2019 / Phil Hall

IBM has announced the launch of a public cloud computing platform designed specifically for the financial services industry. According to the Armonk-headquartered company, the new public cloud addresses the regulatory compliance and security concerns of the financial services industry, allowing companies within this sector to transact with technology vendors who have met the platform’s requirements.IBM collaborated with Bank of America on creating this platform, and the Charlotte, North Carolina-based financial institution will host key applications and workloads on the new cloud to meet the needs of its 66 million banking customers.
“The financial services-ready public cloud represents an ongoing focus from Bank of America, IBM and Promontory to help develop a technology ecosystem where regulations can be addressed,” said Bridget van Kralingen, senior vice president of global industries, clients, platforms and blockchain at IBM.Together we plan to help our cus...