Specialist RegTech provider Shield today announced it has joined the IBM Cloud for Financial Services ecosystem and intends to onboard its communication compliance and surveillance offerings to the platform.
Shield will join an ecosystem of Independent Software Vendor (ISV) partners to help offer financial services customers a range of capabilities built on IBM Cloud for Financial Services.
The Shield RegTech platform was designed to support financial firms. It automates and orchestrates the complete eComms compliance lifecycle, delivering all elements of capture, correlation, data enrichment, analytics, proactive and preventive detection. Shield's solution is designed to empower numerous functions within regulated organizations, from departments such as surveillance and monitoring, risk and governance, forensic and control, all the way through to conduct and management.
Eran Noam, VP Global Sales and Business Development at Shield commented, “Shield is excited to be working with IBM to help create a secured financial services ecosystem where banks, ISV partners and SaaS providers can transact with confidence. Financial institutions are moving to the cloud, so cloud infrastructure providers and ISVs will need to address the special needs of these firms. Onboarding our offering to IBM Cloud for Financial Services will be a big step towards that.”
The IBM Cloud for Financial Services is designed to address the requirements of financial services institutions for regulatory compliance, security and resiliency. The platform is supported by a growing ecosystem of ISV partners committed to onboarding their offerings and cloud services to help accelerate transactions with financial services institutions.
Evaristus Mainsah, General Manager, Cloud, Cloud Pak and Edge Ecosystem at IBM states, “We are delighted to work with Shield to help them onboard their RegTech offering to the IBM Cloud for Financial Services. Shield’s participation in our ecosystem can help to accelerate the digital transformation of financial services customers by providing solutions designed to address their unique compliance, security and resiliency needs.”
Eran concludes, “We are excited to participate in the IBM Cloud for Financial Services ecosystem. We believe that Shield’s unique capabilities powered by IBM Cloud for Financial Services, can provide significant value to our customers.