Adobe and International Business Machines Corp has recently announced that they are
teaming up to develop software for the banking sector. This will make it easier for banks
while dealing with strict controls on data management.
Financial firms handle sensitive data that are securely regulated by the US Government.
Besides, it becomes more complicated when creating web pages for mortgage applications
or similar functions.
In this initiative, Adobe’s software is expected to run in IBM’s cloud system – as it has
received regulatory approval for banking use. Both parties are hopeful of executing more
FinTech solutions in the future.
Source: Reuters
