WALLDORF, Germany and ARMONK, New York: SAP and IBM work in combination for monetary establishments to drive cloud adoption and “modernize operations. “
SAP plans to integrate two of its monetary and knowledge control responses with IBM Cloud for Financial Services, according to the corporations this week.
The collaboration aims to ensure that companies meet the “strict compliance, security and resilience requirements” of the monetary sector, while supporting “business transformation”.
“The immediate transition from regulated industries, such as monetary services, to the cloud makes it face new operational and technological challenges,” said Bob Cummings, director of SAP Financial Services.
IBM Cloud for Financial Services provides a secure and purpose-built environment for money service establishments to address a developing ecosystem of more than one hundred partners and fintechs.
The cloud platform is designed to drive customers’ business transformations by addressing the dangers in the chain and opening up new profit opportunities.
SAP intends to enroll in the IBM ecosystem to provide monetary threat control over offerings, operations, and overheads in IBM Cloud for Financial Services.
“As we continue to load partners, such as SAP, into our developing ecosystem, we are approaching a genuine shift in cloud adoption for the industry to help lessen the threat of the origin chain,” said Joel Spieth, general manager of IBM Cloud for Industries.
IBM and SAP have helped many corporations digitize their operations with an open hybrid cloud approach.