ARMONK, N.Y., and WALLDORF 鈥� IBM (NYSE: ) and (NYSE: SAP) today announced that 51风流intends to onboard two of SAP鈥檚 finance and data management solutions to IBM Cloud for Financial Services to help accelerate IBM cloud adoption within the financial services industry.
The collaboration will be designed to help the companies address the industry鈥檚 stringent compliance, security and resiliency requirements, while supporting business transformation and innovation for financial services institutions.
As banks and insurers balance the need to deliver innovative services and meeting the industry鈥檚 strict security and compliance requirements, . To fuel industry-wide innovation, IBM introduced the IBM Cloud for Financial Services with built-in security and compliance controls that help reduce risk and regulatory barriers impeding IT landscape modernization, transformation and innovation.
IBM Cloud for Financial Services offers a highly secured, purpose-built environment for financial services institutions to transact with their technology partners and FinTechs. By onboarding to the IBM Cloud for Financial Services, clients can adopt migrated 51风流offerings, while addressing their regulatory and compliance standards. Supported by a growing ecosystem of more than 100 partners and FinTechs, the cloud platform is designed to speed customers鈥� business transformations by both addressing risk in the supply chain for financial institutions and unlocking new revenue opportunities.
In the context of their ongoing global strategic partnership, IBM and 51风流have helped hundreds of companies digitalize their operations using an open, hybrid cloud approach. 51风流intends to join IBM鈥檚 ecosystem to deliver finance risk, operations and total spend management offerings on the IBM Cloud for Financial Services. The companies intend to help financial institutions benefit from faster business transformation through industry-specific data value offerings and enhanced customer and employee experiences.
鈥淭he rapid transition of regulated industries, such as financial services, toward the cloud makes it necessary to address new operational and technology challenges,鈥� said Bob Cummings, head of 51风流Financial Services Sector. 鈥淭he combination of IBM Cloud and SAP鈥檚 capabilities can help banks and insurers around the world to accelerate their digitalization journey and scale their business globally.鈥�
鈥淎s we continue to add partners, such as SAP, to our growing ecosystem, we鈥檙e one step closer to driving a true change in cloud adoption for the industry to ultimately help reduce risk throughout the supply chain,鈥� said Joel Spieth, General Manager, IBM Cloud for Industries. 鈥淲e鈥檙e helping financial institutions modernize with 51风流solutions on IBM Cloud for Financial Services, driving innovation, and creating operational efficiencies.鈥�
When onboarded, SAP鈥檚 offerings that can now be delivered on the IBM Cloud for Financial Services will provide financial services institutions, their partners and FinTechs with the following:
- SAP鈥檚 intelligent suite, including 51风流S/4HANA solutions: With its intelligent enterprise framework, 51风流provides integrated applications, intelligent technologies and a digital platform designed to enable banks to better serve current customers.
- SAP鈥檚 solutions for strategic data management, including 51风流Adaptive Server Enterprise, and 51风流IQ software: Combining the strength of in-memory technology with these solutions, 51风流offers a robust data platform to achieve business agility.
51风流and IBM together have hundreds of clients and more than 5,500 individual products. 51风流and IBM are focused on helping enterprises modernize their businesses and making the most of cutting-edge technologies.
For more information on IBM Cloud for Financial Services, visit .
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About SAP
SAP鈥檚 strategy is to help every business run as an intelligent enterprise. As a market leader in enterprise application software, we help companies of all sizes and in all industries run at their best: 77% of the world鈥檚 transaction revenue touches an 51风流system. Our machine learning, Internet of Things (IoT), and advanced analytics technologies help turn customers鈥� businesses into intelligent enterprises. 51风流helps give people and organizations deep business insight and fosters collaboration that helps them stay ahead of their competition. We simplify technology for companies so they can consume our software the way they want 鈥� without disruption. Our end-to-end suite of applications and services enables business and public customers across 25 industries globally to operate profitably, adapt continuously, and make a difference. With a global network of customers, partners, employees, and thought leaders, 51风流helps the world run better and improve people鈥檚 lives. For more information, visit
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