IBM Cloud launches new developer tools for financial services

Angelica Greene
March 20, 2017

The changes, announced at IBM Interconnect in Las Vegas, are implemented via IBM's new Cloud Storage Object Flex structure, which offers a pay-as-you-go facility that it claims could undercut AWS S3 IA by 53%, and Azure GRS Cool Tier by up to 75%.

The agreement also calls for joint go-to-market and support initiatives from both companies, created to help customers accelerate their adoption of cloud services by leveraging the combined enterprise expertise of IBM and Veritas.

While the Red Hat Cloud Access for IBM Cloud is set for launch in Q2, Red Hat OpenStack Platform and Red Hat Ceph Storage on IBM Private Cloud will be available at the end of March 2017.

IBM also announced, with the support of the Monetary Authority of Singapore (MAS) it has developed the Singapore Fintech Hub, which is now linked to the company's financial services developer cloud.

In a morning geared towards the FS market segment, IBM announced new developer tools for Financial Services, as well as blockchain as a service on Hyperledger Fabric.

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"Our collaboration with IBM is aimed at helping enterprise customers more quickly and easily embrace hybrid cloud", said Radhesh Balakrishnan, general manager of OpenStack for Red Hat, in a statement.

IBM and Red Hat said they will jointly sell new offerings for private cloud deployments, including workload migrations, disaster recovery, capacity expansion and data center consolidation.

As part of the agreement, Veritas has certified the IBM Cloud Object Storage family of software and cloud services for use with Veritas NetBackup 8.0. NetBackup 8.0 has an anticipated availability of 2Q17 and will be available for order from the IBM Bluemix Catalog of services, providing mutual IBM and Veritas clients flexible, consumption-based pricing and customizable configurations. The agreement also calls for joint go-to-market and support initiatives from both companies.

IBM said the collaboration will give its enterprise clients greater reach and scale, allowing them to begin with a local implementation before eventually scaling globally with cloud capabilities. Based on IBM's acquisition of Cleversafe in 2015, IBM Cloud Object Storage brings advanced object storage technology to the cloud. As a result, both Veritas and IBM clients can gain a more efficient way to migrate data from on-premises systems to the cloud for greater storage capabilities and efficient management of their growing unstructured data. As part of the agreement, NetApp will offer backup and archival solutions that integrate with IBM Cloud Object Storage.

IBM and Red Hat said they will provide the hybrid cloud infrastructure to help customers more efficiently run cloud applications using OpenStack APIs.

Other reports by GizPress

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