Shield joins IBM cloud for financial services

RegTech provider Shield has joined the IBM cloud for financial services ecosystem.

Shield, which supports financial firms with automated regulatory solutions, intends to onboard its communication compliance and surveillance offerings to IBM’s platform.

As part of its membership, 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.

Shield’s technology automates and orchestrates the complete compliance lifecycle, delivering capture, correlation, data enrichment, analytics, proactive and preventive detection to departments such as surveillance and monitoring, risk and governance, forensic and control, through to conduct and management.

The IBM Cloud for Financial Services platform is supported by ISV partners committed to onboarding their offerings and cloud services to help accelerate transactions with financial services institutions.

Eran Noam, vice president of global sales and business development at Shield said: “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.”

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