Financial industry adopts cloud solutions

Share this post:

Banks choose IBM Cloud to deliver services The financial services sector (FSS) has reached a tipping point, according to an ITPro article on technology within the financial industry.

“We have reached the point where banks, in particular, must consider and position themselves not just as financial entities, but as lifestyle brands too,” shared Bharat Bhushan, IBM CTO, Banking and Financial Services.

The cloud is transforming the banking industry as banks adopt cloud solutions to help deliver against increasing customer expectations. This is because bank customers are often measuring bank services against the technical sophistication they experience in their digital and mobile interactions with companies in other sectors, such as retail.

“The cloud and emerging technologies such as AI and machine learning serve as both a catalyst and a reason to change for the financial industry,” ITPro reports. “Customers, ultimately, expect the same — if not greater — level of tech sophistication they’re used to in their consumer lives when it comes to everyday tasks such as banking.

Banks choose IBM Cloud to deliver services

Two banks this week announced their commitments with IBM Cloud.

Fukui Bank of Japan will adopt IBM Cloud to run its distributed processing systems. The company plans to use IBM Cloud for VMware Solutions for the migration. Learn more by reading the announcement.

Boursorama, a subsidiary of Société Générale in France, renewed its commitment to hybrid cloud with a five-year contract with IBM to continue building the bank’s new product offerings and services.

Learn more

Read more about technology in the financial services sector in the full article by ITPro.

Learn more about IBM Cloud solutions for banking.

Blog Manager

More Industry stories

IBM Cloud Garage helps Grupo Planetun improve auto inspection app capabilities

Investopedia describes “insurtech” (the term inspired by its commonly known cousin, “fintech”) as the use of technology to create savings and efficiency in the insurance industry. Investopedia also suggests that the insurance industry is ripe for innovation and disruption. At Grupo Planetun, we know this to be especially true in Brazil. In the Brazilian insurance […]

Continue reading

Why Serima Consulting developed its smart grid solution on IBM Cloud Private

Germany is in the process of completely transforming its energy sector at a pace unmatched by other industrialized nations. Nuclear power is phasing out as renewables are gradually taking over, according to Deutsche Welle, Germany’s international broadcaster. The country’s politically supervised shift in direction from nuclear and fossil fuels to renewable sources of energy is […]

Continue reading

How bioscientists tackle data overload to advance medical research

The International Center for Scientific Debate explains that the ability to better collect, store, organize, integrate, analyze and share biomedical data provides opportunities to advance the detection, diagnosis, treatment and prevention of disease. Yet the greatest challenge bioscientists face is how to handle the flood of information coming from various sources and every instrument that […]

Continue reading