Deal for €65 million The largest bank in Ireland, AIB, purchased mainframe and digital transformation software from IBM

On December 15, 2021, the largest bank Ireland AIB IBM announced a three-year agreement worth €65 million, designed to help implement the bank's strategy for 2023 by accelerating its current digital transformation, fulfilling its obligations primarily to target customers and providing a clear path to a hybrid cloud technology environment.

Under the agreement, IBM will provide AIB with the next-generation IBM z15 computing platform along with an extensive technology portfolio that includes IBM Cloud Pak solutions and the ability to provide services using Red Hat OpenShift. This will help AIB maintain a high rate of digitalization and pay special attention to safety and sustainability.

The largest bank in Ireland, AIB, purchased mainframe and digital transformation software from IBM

Fergal Coburn, technical director of the AIB group, commented:

As we accelerate into the future of banking, we need the most advanced technologies to support our ongoing digital transformation efforts. IBM technology has been the foundation of our service delivery for over 30 years, and this agreement supports our innovation relationship. This will be one of the main factors that will ensure that we achieve the key technological goals that underlie our strategic ambitions for 2023 and meet the challenges facing our industry.

IBM's technology platform will further enhance AIB's cyber resilience and fraud detection capabilities, ensuring that its digital services remain high-performance, affordable, and secure for its customers.

The technology portfolio, which includes data analysis and process automation tools, provides market-leading capabilities selected specifically to complement AIB's existing technology roadmap and business requirements. This will also increase the availability of the system, which will support the bank's approach to ensuring operational sustainability.

Deborah Treadgold, IBM CEO in Ireland, said:

This agreement continues AIB's successful strategy of being at the forefront of digital transformation in Ireland's banking industry. 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 a highly qualified AIB team with the tools to deliver new digital services very flexibly.[1]

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