IBM has announced that BNP Paribas is to join several other global banks as part of its growing cloud services ecosystem.
As part of the tie-up, BNP Paribas will utilise a dedicated cloud, developed and managed by IBM. The French bank could onboard additional banking partners to the ecosystem across Europe in the future, according to IBM.
Bernard Gavgani, chief information officer at BNP Paribas, said: “As we continue to expand our collaboration with IBM, we’re driving innovation in the financial services industry and are able to partner with a growing ecosystem of technology providers, from small startups to leaders in the industry.
"That’s an important step forward for BNP Paribas Group to accelerate its transformation journey and be compliant with European regulations.”
The news also comes as IBM marked a milestone in its collaboration with Bank of America, by opening up availability to the IBM cloud policy framework for financial services.
Alongside this, IBM has also established an industry cloud advisory council to support its efforts and advise on the ongoing advancement of the IBM cloud policy framework for financial services.
The council will be focused on bringing major financial institutions together to help drive the strategic evolution of cloud security in this highly regulated sector.
Tony Kerrison, chief technology officer, will represent Bank of America on the council, which will be led by Howard Boville, senior vice president at IBM Cloud.
IBM is set to jointly launch the IBM Cloud Security and Compliance Center with IBM Research, which will allow clients to continuously monitor and enforce their security and compliance posture across their workloads, and provide a seamless, automated and adaptable process for improving cloud security
Once this is available in August, global banks with workloads on the IBM Cloud for Financial Services will be able to define their compliance profiles and manage controls, maintain an extensive data trail for audit, and monitor compliance across their organisation.
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