IBM announced on Nov. 6 it has designed the world’s first financial services-ready public cloud and is welcoming financial services institutions and their suppliers to join. Bank of America is already on board.

Bank of America will be a committed collaborator to use the platform built on IBM’s public cloud. The bank will host key applications and workloads to support the requirements and privacy and safety expectations of its 66 million banking customers.

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Jaclyn Jaeger is a freelance contributor to Compliance Week after working for the company for 15 years. She writes on a wide variety of topics, including ethics and compliance, risk management, legal,...