IBM Cloud chosen by BNP Paribas, Home Trust

IBM Cloud has been selected by clients in highly regulated industries, including BNP Paribas and Home Trust. IBM also announced a range of new capabilities, which it claims make its public cloud the industry’s most secure, open and enterprise-ready cloud offering. The enhancements include state-of-art cryptographic technology for the cloud called ‘“Keep Your Own Key’. This gives enterprises the ability to retain complete control of their own encryption keys so that they are the only ones who can access their data.

BNP Paribas (BNPP) is leveraging the IBM Cloud to support its development and innovation within the ever-increasing need for security and compliance. BNPP’s dedicated cloud is entirely based on IBM’s public cloud technology and offers the security of a private cloud with the economics of a public cloud. It also provides access to the full range of IBM Cloud IaaS and PaaS services, including IBM’s Watson AI services.

“With the increasing regulation restrictions in the financial services industry, institutions have been historically challenged to use cloud, and public clouds in particular. By working with IBM, we are able to provide the innovation and agility that public clouds can offer, combined with the security necessary to remain compliant,” said Bernard Gavgani, Global Chief Information Officer, BNP Paribas. “This approach enables us to innovate faster, provide a better customer experience, enter into new business models and tap into new technologies, such as AI.”

Home Trust, a federally regulated trust company based in Canada, recently migrated its IT infrastructure to IBM Cloud to transform its operations, while still maintaining end-to-end visibility and management over its platforms and applications.

“For many financial institutions, upgrading core systems can disrupt underlying business operations and impact efficiency,” said Victor DiRisio, Chief Information Officer at Home Trust. “By choosing IBM Cloud, we are able to modernize our IT environment while realizing the economic benefits of cloud computing. It ensures that new solutions are immediately useable, rapidly deployable and can ultimately offer a superior customer experience.”

IBM has increased the bandwidth for its next-gen virtual servers on the cloud up to 100 Gbps, and is expanding its data centre footprint with new multizone regions (MZR) in Toronto, Canada and Osaka, Japan by 2020. The company also said that IBM Power System hardware infrastructure running the world’s fastest and smartest supercomputers, Summit and Sierra, will now be available on the cloud to help enterprises scale their AI workloads, while improving performance and productivity.

“Open architectures, based on Kubernetes and containers, are driving the next wave of cloud-based innovation. That’s why IBM has just completed a two-year journey to enhance its public cloud on a foundation of open source software,” said Arvind Krishna, Senior Vice President, Cloud and Cognitive Software, IBM. “Today, we are going a step further by unveiling new capabilities for the IBM public cloud, to provide clients with the highest level of security, leading data protection, and the best enterprise-grade infrastructure to run Red Hat OpenShift.”

IBM believes its latest developments complement the company’s existing offerings for private and on-premises environments – including those from last year’s acquisition, Red Hat – enabling the company to provide comprehensive, open multicloud hybrid solutions.

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