IBM is building a cloud for Financial Services.
BNP Paribas will come on board as the anchor client for the services.
IBM is in discussions with Japan's Mitsubishi UFJ Financial Group (MUFG) to explore how it can adopt the IBM Cloud for Financial Services.
Business Insider report that this marks a milestone in the modernization of the global financial industry.
IBM Cloud for Financial Services is the world's first product of its kind.