Reducing Go-to-Market Times with IBM Cloud for Financial Services Compliance Frameworks | Ivo Koerner on IBM Cloud

The Big Themes:


Creating room for innovation: Financial services companies
spend 60-70% of their IT budgets on compliance, leaving little
room for innovation. This is a critical area that the IBM Cloud
for Financial Services, a solution that is co-created and
co-built with the industry, addresses.

Real-time compliance monitoring: IBM offers real-time,
constant compliance monitoring to banks and financial
institutions, reducing their time to implement a solution to 6-12
weeks, which is significantly faster than what they are used to.

Bringing a unified approach forward: IBM supports its
Financial Cloud customers with control frameworks and framework
mapping, creating a faster deployment and implementation
approach.



The Big Quote: "I think, with our [IBM's] understanding, and what
we now have built with the hybrid cloud approach and the
underlying technologies, we really open up that you get the best
of all worlds. 100% sure a lot of the banking workload will
remain on the mainframe. But you need to have, let's say, part of
the workloads most likely in platforms like IBM Cloud for
Financial Services, but you still need to manage different
providers. So you will always have multi-clouds in your IT shop.
With what we are now building, and we've built over the last few
years, we basically build a coherent strategy and platform to get
the best of, let's say, the traditional mainframe workload and
the future."


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