Irish bank AIB has signed a €65m agreement with IBM to accelerate its hybrid cloud digital transformation strategy.

Under the terms of the three-year agreement, IBM will work with the Dublin-based bank to roll out its next generation IBM z15 compute platform.

IBM will also provide AIB with an extensive technology portfolio which includes IBM’s Cloud Pak solutions and the capability to deliver services leveraging Red Hat OpenShift.

The technology provider said this combination would help AIB to sustain a high pace of digitalisation and its strong focus on security and resilience.

AIB said the move is part of its wider strategy to accelerate its ongoing digital transformation by 2023, which includes providing a clear pathway to a hybrid cloud technology environment.

Commenting on the deal, Fergal Coburn, group chief technology officer, at 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.”

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