IBM Cloud for Financial Services

IBM Cloud for Financial Services

How a growing ecosystem of 90+ partners creates opportunities for clients with IBM Cloud for Financial Services. Enterprise developers can now build cloud-native financial services software with Red Hat OpenShift by using IBM Cloud for Financial Services.

Enterprise developers can now build cloud-native financial services software with Red Hat OpenShift

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 EYTata 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 2024.1 Key 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

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