Thursday, June 13, 2024

AIB Signs €65m Deal With IBM for Digital Transformation

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DUBLIN and ARMONK, N.Y. — The Irish bank AIB entered into a €65 million, three-year agreement with IBM to accelerate AIB’s digital transformation.

Under the deal, IBM will help deliver AIB’s 2023 strategy by, in part, providing “a clear pathway” to a hybrid cloud technology environment, according to the companies this month.

IBM will enhance AIB’s cyber resilience and fraud detection capabilities, ensuring its digital services remain performing, available, and secure for customers.

IBM’s technology portfolio, including data analytics and process automation tools, will complement AIB’s technology road map and business requirements as well as enhance system availability capabilities, supporting the bank’s operational resilience.

“As we accelerate into the future of banking, we need the most advanced technology to underpin our ongoing digital transformation efforts,” said Fergal Coburn, group CTO, AIB.

“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.”

IBM technology has been “the backbone of our service delivery” for over 30 years, Coburn said.

Deborah Threadgold, country general manager of IBM Ireland, said the IBM z15 mainframe is “a key part” of the bank’s overall hybrid cloud strategy. 

The IBM z15 mainframe will help AIB efficiently and securely manage traditional operations and give its team “the tools to deliver new digital services in a very agile manner,” Threadgold said.

“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,” said Graham Fagan, group director of enterprise technology and cloud engineering, AIB. 

“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.”

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