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IBM offers cloud-based services to Chinese firms to address security concerns


By Gerry Shih and Matthew Miller BEIJING (Reuters) – International Business Machines Corp said on Thursday it would provide cloud-based risk analysis for a Chinese financial data firm in a deal that executives heralded as a model for future business in China, where state-owned enterprises are increasingly shunning foreign technology on security grounds. Under the new software deployment model, financial data provider Shanghai Wind Information will send publicly available data to IBMs cloud for risk analysis without having to disclose specific portfolio holdings or having to install IBM software or hardware on its servers. This is an innovative deployment model in that IBM never receives client information, Andrew Aziz, IBMs director of risk analytics, said in an interview.

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