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Analyst Takeaways | IBM Cloud for Financial Services, Co-Creation, Compliance Frameworks
Innovation: Upwards of 70% of IT spend is dedicated to compliance, leaving only 30% of the budget for innovation. This is a tremendous drag on productivity, as organizations and business leaders want to be innovating. IBM partners with over 70 financial institutions to "put the industry muscle together."
Global Financial Services Councils: In an effort to help mitigate the complexities associated with regulatory and compliance guidance which varies across both regions and industries, IBM has established a global Financial Services Council to help mitigate institutional risks and spread…
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