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IBM Unveils Public Cloud for Financial Services

November 08, 2019 / NA

IBM, with the help of Bank of America, has designed a public cloud specifically for the financial services industry.The Lowdown The new cloud, announced this week, was created to address the specific needs around compliance, resiliency, privacy, and security of banks and other financial institutions, as well as industry ISVs and Software-as-a-Service (SaaS) providers.The Details Bank of America, with 66 million banking customers, will be the first institution to run workloads and applications on the industry-specific public cloud. The cloud will run on IBM’s public cloud, leveraging Red Hat’s OpenShift technology as its primary Kubernetes environment for managing containerized software. It will include more than 190 API-driven Platform-as-a-Service (PaaS) services to create cloud-native applications.The cloud platform will use a range of controls for financial services, regulatory workloads, multi-architectural support, and automated security, which will include high-level ...