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How a growing ecosystem of 90+ partners creates opportunities for clients with IBM Cloud for Financial Services

Baffle x IBM Cloud

In 2019, we introduced an industry-first platform called the IBM Cloud for Financial Services to help financial institutions host mission-critical workloads with confidence while adhering to stringent security and compliance regulations. Today marks an exciting milestone for IBM. The IBM Cloud for Financial Services, now supporting Red Hat OpenShift and other cloud-native services, is generally available and backed by EY, Tata Consultancy Services, and a growing ecosystem of more than 90 independent software vendors (ISVs) and software-as-a-service (SaaS) providers.

A growing portion of the $1 trillion hybrid cloud market opportunity is comprised of the financial markets industry, which is expected to increase nearly twenty percent by 2024.1Key findings in a recent IBM internal analysis suggests that Cloud is expected to account for about 60% of that future market opportunity as financial institutions are accelerating innovation to meet heightened customer expectations, deliver consistent services in the face of challenges like the global pandemic, and navigate the ever-complex regulatory environment.2

Offering a secured environment for financial institutions with built-in compliance support, GSIs, ISVs, SaaS providers, and FinTechs, the IBM Cloud for Financial Services:

  • Is now generally available and includes support for Red Hat OpenShift and other cloud-native services, as well as VMware workloads
  • Uses IBM’s fourth generation confidential computing capabilities and “Keep Your Own Key” encryption to help partners and their clients retain control of their data
  • Includes more than 200 API-driven, cloud-native PaaS services to create new and enhanced apps
  • Enables developer and ecosystem partners to build and modernize solutions in a secured environment


(Link to the Article)

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