IBM Business Partners

OCTOBER 23, 2023

Many enterprises have also deployed a hybrid multicloud environment that’s reliant on an ecosystem of different cloud service providers. Between 2020 and 2022, the financial services sector saw “fines in excess of 75 million US dollars in response to IT and cloud-specific failures” levied against major banks. [3]

Risk mitigation 84

Risk mitigation Banking Ecosystems 84

IBM Business Partners

FEBRUARY 19, 2024

Figure 2: The data product lifecycle The banking industry, for example, faces the following challenges: Competition from agile and innovative financial technology and challenger banks. Reduced costs through risk mitigation. Also, these data products offer opportunities for monetization through ecosystem partnerships.

Banking 63

Banking Risk mitigation Value creation Ecosystems 63

Channel Insider

SEPTEMBER 9, 2024

In industries such as health care, banking, and finance, regulatory compliance requires companies to have robust continuity plans in place. At the same time, they can create new revenue streams for their organization since businesses are willing to pay a premium for these services, which offer peace of mind and risk mitigation.

Risk mitigation 80

Risk mitigation Finance Banking Ecosystems 80

IBM Business Partners

APRIL 24, 2024

Example A bank sends annual privacy notices to all of its customers. These notices outline all the data that the bank collects from account holders, how it uses that data for things like regulatory compliance and credit decisions, and how long it retains the data. Cybercriminals can sneak around the network undetected.

Credit 78

Credit Legal Banking Government 78