Welcome to the Cloud Wars Minute — your daily news and commentary show, hosted by Cloud Wars Founder Bob Evans. Each episode provides insights and perspectives around the “reimagination machine” that is the Cloud.
In this Cloud Wars Minute, Bob discusses the latest example of co-creation, between IBM’s Cloud for Financial Services and 70 banks.
Highlights
00:12 — This year, Bob has raised the topic of co-creation and its significance frequently. Last week’s discussion on the partnership between Microsoft and the London Stock Exchange Group (LSEG) was a big win. Additionally, Google Cloud and the Renault Group partnership was a prime example of co-creation.
00:38 — A fascinating example of co-creation is going on right now between the IBM Cloud for Financial Services and more than 70 banks — many of which are global. Together, this partnership is driving new notions of cybersecurity, governance, risk mitigation, and compliance.
01:41 — IBM has been co-creating through this vast partner ecosystem for the last four years. Howard Boville, Senior Vice President and Head of the IBM Cloud Platform, was the former CTO of Bank of America and brings forth a customer-centric mindset.
02:28 — Boville has said that IBM has invited this large group of regulators to collaborate so that they, too, can have their voices heard. A number of banks using the IBM Cloud for Financial Services have saved up to 40% of their IT budgets.
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