IBM Cloud: Navigating Financial Regulatory Challenges
What’s more, Alan says that leveraging industry-specific clouds further enables enterprises in all regulated industries to balance innovation and prioritise compliance.
“Financial institutions require an enterprise-grade platform with built-in security and controls to help them manage mission-critical workloads,” he says.
“By automating these controls, enterprises can focus more on driving real business outcomes. For example, IBM Cloud for Financial Services was built with the highest set of regulatory and compliance standards informed by the IBM Financial Services Cloud Council – a network of CIOs, CTOs, CISOs and Risk & Compliance officers from over 100 global financial institutions who are working together to drive the strategy and evolution of cloud security.”
Today, IBM’s enterprise-grade platform is optimised to help organisations in highly regulated industries – including financial services, healthcare, telecommunications, government and more – manage mission-critical workloads while prioritising resiliency, performance, security, compliance and total cost of ownership.
Alan concludes: “Ultimately, while regulations can be challenging to navigate, they should be viewed as essential for driving secured innovation.
“Many, if not all, requirements around data are designed to ensure consumers and enterprises are confident that their data is protected at all times. To build trust and transparency – it takes all of us across regulators, cloud providers and enterprises to come together.”
Earlier this week, we looked at what makes IBM one of the leading banking technology firms in 2024.
