June 11, 2020 By Dorian D'Ausilio < 1 min read

The financial services industry is constantly faced with client demands for new and innovative products and services.

Banks and fintechs must rapidly deliver updates to customer experience in order to stay competitive.

Public cloud platforms, through their flexibility, agility, and the evolution of their open source software foundations, are the way forward. However, before application development teams can take advantage of public cloud services, their IT transformation colleagues must first solve fundamental security and compliance challenges. And new cybersecurity breaches and shifting industry regulations constantly make solutions tentative.

With all of that in mind, in 2020, can the financial services industry safely use public cloud for sensitive and confidential data and critical business applications?

On IBM public cloud, the answer is yes.

As banks digitally transform, they and their customers must be able to trust the confidentiality of business engagements and transactions. This makes policy-driven compliance with security and regulations crucial to doing business. Ultimately, what all banking institutions and financial services want is to trust their IT environments, achieve regulatory compliance, and have full control over their data.

IBM’s financial services-ready public cloud is highly secure and provides a policy framework for certifying compliance for IBM Cloud clients and their partners. Three principles underly its construction and guide its evolution:

  1. Open innovation and the best public cloud for OpenShift

  2. Security leadership with market-leading data protection

  3. Enterprise grade for reliable and robust workloads

“The World’s First FSS Ready Public Cloud”: Watch Hillery Hunter, CTO and IBM Fellow, discuss the IBM public cloud and how it enables the financial services sector (FSS) to achieve business goals by safely gaining access to benefits of cloud-based software innovation.

Keep the conversation going. Join your peers in the public cloud community.

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