IBM announced today that an IBM Cloud for Financial Services, powered by the Red Hat OpenShift platform in partnership with Bank of America, is now generally available.

According to Hillery Hunter, vice president and CTO for IBM Cloud, this offering is the latest in a series of cloud offerings for vertical industries operating in highly regulated environments. At the heart of these offerings is a stack of microservices, all of which run on the instance of Kubernetes that is deployed through the Red Hat OpenShift Platform.

This approach will make it easier for companies operating in highly regulated industries to become more agile with a stack of software that has already been scanned for demanding security and compliance requirements, according to Hunter. The platform defines more than 200 cloud-native services, each of which can be used via Application programming interfaces (APIs).

Other core components are the support of confidential computer functions that …

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