IBM Cloud launches new developer tools for financial services
IBM has unveiled its IBM Cloud for Financial Services for creating finserv apps.
Users will get access to APIs, data and content to build and monetise cognitive-enabled apps for fintech firms, banks, wealth management firms and insurance companies.
Initially available in beta, developers will also have the ability to build in customer insights, regulatory compliance analytics, security, privacy and compliance readiness to “help reduce the time needed for development and testing”.
Bridget van Kralingen, SVP, industry platforms at IBM, says its “experience across financial services and in the commercial deployment of AI with enterprise and start-up builders has informed these new tools”.
With the support of the Monetary Authority of Singapore, IBM says it has also developed the Singapore FinTech Hub, which is linked to its finserv developer cloud. The hub will provide information about local policies and developments in the ecosystem, access to cognitive and other APIs, insight to accelerate innovation, and a platform to showcase made-in-Singapore solutions to the world.
Elsewhere, IBM has teamed with Wanda Internet Technology to enter the public cloud business in China. This will be done via a new firm – Wanda Cloud Company – built on the IBM Cloud Platform.