Banks sign for IBM’s financial services cloud as security, compliance improves

Banks have shown faith in IBM’s financial services cloud collaboration after it improved security and compliance. Bank of America and BNP Paribas have signed up with IBM cloud collaboration. Japan’s largest bank MUFG Bank is also exploring the option to deploy the financial services cloud. IBM has formed an Advisory Council to develop its cloud policy framework for the highly regulated sector. IBM has over 30 partners to implement the financial services cloud.

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