IBM announced the launch of the IBM Cloud for Financial Services to offer the essential building blocks for the creation of financial services apps on the IBM Cloud.
Via IBM Cloud for Financial Services, developers from the financial services industry will have access to APIs, data and content to build and monetize cognitive-enabled financial services apps quickly and at scale for FinTechs, banks, wealth management firms and insurance companies.
Initially available in beta, developers will also have the ability to build in customer insights, regulatory compliance analytics, security, privacy and compliance readiness to help reduce the time needed for development and testing. The new tools can simplify the time-consuming tasks of selection, mapping and data integration, allowing developers to use IBM services or combine them with their own data.
“We have extensive expertise in financial services with 97 percent of the world’s largest banks relying on IBM. At the same time, IBM has become the leading AI platform for business,” said Bridget van Kralingen, SVP, Industry Platforms, IBM. “Our experience across financial services and in the commercial deployment of AI with enterprise and start up builders has informed these new tools. We’re excited to see how they put them to work to quickly create the latest solutions powered by cognitive computing and blockchain for everything from new payments directives support, and even regtech solutions.”
IBM is extending its current Business Partner program by providing additional benefits and further support for partners aligned with the financial services industry.
IBM Business Partner Solution Hubs such as those in London, New York, San Francisco, Singapore, Dallas, Paris, Nice, Silicon Valley, Stuttgart, Sao Paulo, Bangalore, and Shanghai will provide direct access to IBM expertise to help partners commercialize financial services solutions with cognitive and cloud technology from IBM. The hubs bring together the best in IBM Design Thinking, Lean Startup, Agile and Extreme Programming to help transform the banking, capital, and insurance markets. This will enable IBM clients, partners and developers to come together to build new relationships with innovators and foster co-creation.