Highly regulated industries select IBM Cloud for critical missions

BNP Paribas is leveraging the IBM Cloud and adopting a hybrid cloud strategy to overcome these challenges and support its development and innovation within the ever-increasing need for security and compliance. This includes a BNP Paribas dedicated cloud based on IBM public cloud technology that offers the best of both worlds: the security of a private cloud, with the breadth of catalog and economics of a public cloud. It will provide access to the full range of IBM Cloud IaaS and PaaS services, including IBM's Watson AI services, and will run in a Multizone Region dedicated to BNP Paribas in the Paris area to provide high availability and resilience. BNP Paribas will migrate its IT and applications to this dedicated cloud, complementing it with the IBM public cloud in the US, Asia and Europe. Together, BNP Paribas and IBM look to define and establish the cloud platform to help meet the regulatory and security controls facing BNP Paribas' critical banking workloads.

"With the increasing regulation restrictions in the financial services industry, institutions have been historically challenged to use cloud, and public clouds in particular. By working with IBM, we are able to provide the innovation and agility that public clouds can offer, combined with the security necessary to remain compliant," said Bernard Gavgani, BNP Paribas Group Chief Information Officer. "This approach enables us to innovate faster, provide a better customer experience, enter into new business models and tap into new technologies, such as AI."

Together with IBM, Elaw Tecnologia SA, a company that specializes in the development of corporate solutions for legal management, created a new cognitive solution that automates cumbersome and high-volume legal tasks, hosted on IBM Cloud.

"The strict labor laws in Brazil result in a vast number of labor lawsuits. To streamline legal processes, we worked with IBM to develop a AI-enabled legal process management solution to improve efficiency and productivity for our lawyers," said Guilherme Bordon, Chief Executive Officer, Elaw. "The solution is hosted on IBM Cloud to enable Elaw to access IBM Watson APIs, automate processes and provide a secured platform for confidential information."

Home Trust, a federally regulated trust company based in Canada, migrated its IT infrastructure to IBM's public cloud to transform its operations, while still maintaining end-to-end visibility and management over its platforms and applications. By migrating to the cloud, Home Trust now has access to flexible and scalable computing services, as well as access to higher value technologies, including AI, to digitally transform its offerings.

"For many financial institutions, upgrading core systems can disrupt underlying business operations and impact efficiency," said Victor DiRisio, Chief Information Officer at Home Trust. "By choosing IBM Cloud, we are able to modernize our IT environment while realizing the economic benefits of cloud computing. It ensures that new solutions are immediately useable, rapidly deployable and can ultimately offer a superior customer experience".