AIB, an Irish bank and IBM have announced a €65 million three-year agreement to accelerate the bank’s ongoing digital transformation, meet its customer-first commitment, and provide a clear path to a hybrid cloud technology environment, all in support of its 2023 strategy.
Fergal Coburn, Group Chief Technology Officer, AIB, commented: “As we accelerate into the future of banking, we need the most advanced technology to underpin our ongoing digital transformation efforts. IBM technology has been the backbone of our service delivery for over 30 years and this agreement maintains our relationship in the innovation space. This will be a core contributor in ensuring that we achieve the key technology objectives that underpin our 2023 strategic ambitions and to meet the challenges faced in our industry.”
The IBM technology platform will help AIB to improve its cyber resilience and fraud detection capabilities, ensuring that its digital services are fast, reliable, and safe for customers.
The technology portfolio, which includes data analytics and process automation tools, offers market-leading capabilities that were chosen to complement AIB’s existing technological strategy and business needs. It will also help the bank’s strategy to operational resilience by enhancing system availability capabilities.
Deborah Threadgold, Country General Manager, IBM Ireland said: “This agreement continues AIB’s successful strategy of being at the forefront of digital transformation in the Irish banking industry. The IBM z15 is a key part of the bank’s overall hybrid cloud strategy and will enable AIB to efficiently and securely manage traditional operations and provide AIB’s highly experienced team the tools to deliver new digital services in a very agile manner.”
Graham Fagan, Group Director of Enterprise Technology & Cloud Engineering, AIB, commented “Our hybrid cloud strategy is helping us to simplify our technological infrastructure so that we can move and manage data, services and workflows across multiple clouds and on premise platforms. The IBM products and services we are acquiring allow us to further extend that hybrid cloud ambition in an innovative, agile, secure and compliant manner.”
The agreement was signed in Q4 2021.