While revenue and growth are key factors to a banks’ health and relevance, banking regulatory compliance and identifying and acting on threats are crucial to any financial institution. To combat increasing cyber threats and fraud, the financial industry needs AI-driven regulatory compliance and fraud detection tools along with a holistic, multi-layered cyber-security stance to identify and resolve issues at speed and at scale.
Additionally, keeping pace with regulatory agencies and changing banking regulations, including The Dodd–FrankWall Street Reform and Consumer Protection Act (Dodd–Frank), helps depository institutions foster and grow customer trust.
The world’s first financial services-ready public cloud designed by IBM addresses these requirements and delivers compliance, security and resiliency for financial industry stakeholders.