IBM Bets on Cloud & Containerization to Win Over Investment Banks
After its acquisitions of Red Hat and Promontory, IBM is looking to expand its footprint in the capital markets through containerization, as well as reg reporting in the cloud.
This year has been extremely challenging for businesses around the globe, but banks have not been hit too hard, especially when compared with the financial crisis. That could change, says Likhit Wagle, general manager of global banking at IBM, and he’s not so sure that banks are as prepared as they need to be.
Wagle says interest rates are likely to remain “extremely low”, growth is going to be “very low”, and the banking industry is likely to see “a very large increase” in non-performing loans
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