IBM Cloud for Financial Services, which has recently become mainstream, is designed to help financial institutions deal with technology providers, such as Sopra Banking Software, who have met the platform’s security and compliance requirements. The company intends to use IBM Cloud for Financial Services on Red Hat OpenShift to power Sopra Banking Platform and Sopra Financing Platform, two properties that help financial institutions interact with their customers when processing deposits, savings , payments, loans, collections, risk calculations, and regulatory reporting in any cloud environment.
Sopra Banking Software is now part of IBM’s Cloud for Financial Services ecosystem, an initiative to help independent software vendors (ISVs) and SaaS (Software-as-a-service) partners accelerate transactions with financial services institutions. IBM Cloud for Financial Services aims to meet the requirements of financial services institutions for regulatory compliance, security and resiliency. IBM’s partner ecosystem powers hybrid cloud environments by helping customers manage and modernize workloads from bare-metal to multi-cloud with Red Hat OpenShift, the industry’s leading enterprise Kubernetes platform.