2023 Banking Ecosystems Risk mitigation 
IBM Business Partners
OCTOBER 23, 2023
Many enterprises have also deployed a hybrid multicloud environment that’s reliant on an ecosystem of different cloud service providers. Between 2020 and 2022, the financial services sector saw “fines in excess of 75 million US dollars in response to IT and cloud-specific failures” levied against major banks. [3]
IBM Business Partners
FEBRUARY 19, 2024
In 2023, the global data monetization market was valued at USD 3.5 Figure 2: The data product lifecycle The banking industry, for example, faces the following challenges: Competition from agile and innovative financial technology and challenger banks. Reduced costs through risk mitigation. from 2024 to 2032.
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