In a highly regulated industry like banking, innovation always existed within silos bounded by strict regulations. The risks were just too high to think beyond. Besides exorbitant fines and a loss of operating licenses, banks faced reputational risk. Trust, after all, is what banks trade in. Else, customers will simply switch to a more trustworthy bank.

AI technologies have the power to deliver critical business insights, but maintenance and implementation can dramatically drain organizational resources. Rather than worrying about maintaining complex analytics and AI tools, business leaders are looking to take actions on the insights those technologies bring. Today, we announce the upcoming general availability of IBM Cloud Pak for Data as a Service with IBM Cloud Satellite. IBM Cloud Pak for Data as a Service provides integrated data and AI services that simplify and deliver a unified analytics experience across distributed cloud environments. Fully managed on the IBM Cloud, the solution provides data and AI governance and is scalable to your business needs.