- IBM (NYSE:IBM) announces a blockchain platform to help banks quickly process transactions around the world.
- IBM wants to make global payments easier for both lender and borrower, across currencies, and regardless of the borrower’s location – meaning, those in developing countries have a shot at borrowing, too.
- The project is in collaboration with tech partners Stellar.org and KlickEx Group and lending participants including Bank Mandiri, Bank Permata, and TD Bank.
- IBM also announces today it teamed with Toronto FinTech company Dream Payments to create a cloud platform to make mobile payments easier for banks and merchants.
- The Dream Payments Cloud is rolling out to U.S. financial institutions to make mobile payment acceptance possible without an expensive and lengthy IT process.
- On the enterprise client side of things, IBM announces the IBM Cloud Migration Services and IBM Cloud Deployment Services to make moving workloads to the cloud cheaper and easier.
- In Q2, IBM Cloud held a 4.8% share of the cloud infrastructure services market, according to Canalys. The share put IBM in fourth place, but market leader Amazon (NASDAQ:AMZN) Web Service had a 30.3% share.
- Previously: IBM, Majesco announce cloud-based insurance platform (Oct. 11)
- Now read: The IBM Bitcoin Puzzle
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