Kyndryl has extended its partnership with National Bank of Canada, the companies announced this week.
New York’s Kyndryl, formed in 2021 as a spin-off of IBM’s Global Technology Services, is among the world’s largest information technology infrastructure services providers.
The organization has already supported National Bank’s critical infrastructure for years, and moving forward will work alongside the bank to modernize its environment to streamline workloads and operations and reduce technical debt.
“We know National Bank’s legacy environment very well,” says Farhaz Thobani, President of Kyndryl Canada.
Kyndryl’s cloud native operating model is designed to improve a bank’s operational agility by enabling it to scale up or down its computing resources based on demand levels, according to Thobani, while also allowing the institution to launch products and services faster.
“With our Kyndryl Consult team, leveraging our deep hybrid cloud and mainframe expertise, we will help the bank reduce its infrastructure and operational costs, while gaining more flexibility and speed to respond to changing market conditions and customer needs,” he stated.
Intelligent workflow automation is another benefit NBC can look forward to, Thobani suggests.
“The bank will also be able to leverage the cloud to access new technologies, like artificial intelligence, that can enhance its product offerings and customer experiences,” he added.
Employing 30,000 workers and handling more than $400 billion in assets, National Bank is Canada’s sixth-largest bank.
“The expertise of Kyndryl is a key asset for us,” said Julie Lévesque, Executive Vice-President of Technology and Operations for National Bank of Canada. “The company’s dedication is essential as we strive to maintain our market leadership and adapt to our clients’ evolving needs through our cloud transformation initiatives.”
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