The company intends to use IBM Cloud for Financial Services on Red Hat OpenShift to power the Sopra Banking Platform and Sopra Financing Platform, two properties that help financial institutions engage with their customers while processing deposits, savings, payments, lending, collection, risk calculations and regulatory reporting in any cloud environment.

"In today's fluid market, banking and financial services players must keep pace," said Eric Bierry, Deputy CEO, Sopra Banking Software. “We intend to make our solutions compatible with the IBM Cloud for Financial Services to help ensure our clients can innovate and go-to-market quickly, while modernizing their infrastructures to maximize the customer experience in a highly-secure environment.”

Sopra Banking Software is now a part of IBM’s Cloud for Financial Services Ecosystem, an initiative to help Independent Software Vendor (ISV) and Software-as-a-service (SaaS) partners accelerate transactions with financial services institutions. The IBM Cloud for Financial Services aims to help address financial services institutions’ requirements for their regulatory compliance, security and resiliency. IBM’s ecosystem of partners fuels hybrid cloud environments by helping clients manage and modernize workloads from bare-metal to multi-cloud with Red Hat OpenShift, the industry's leading enterprise Kubernetes platform.

"Our collaboration with Sopra Banking Software reinforces our commitment to help partners modernize," said Brendan Kinkade, Vice President, Technology and Hybrid Cloud Partnerships, IBM Cloud, and Cognitive Software. "By onboarding its solutions to the IBM Cloud for Financial Services, Sopra Banking Software can increase its speed to market by addressing the third- and fourth-party risks to serve clients and process confidential transactions with confidence."