Deutsche Bank and Kyndryl, one of the world’s largest IT infrastructure services providers, has announced a new agreement under which the bank will extend one of the largest and longest-running vendor contracts in the financial industry.
Kyndryl will continue to run Deutsche Bank’s Continental European core banking and mission-critical IT infrastructures to support the bank’s technology transformation, to increase flexibility with on-demand scalability and global service availability. Furthermore, Kyndryl will support the bank’s cloud migration strategy as part of its broader effort to adopt public cloud services.
Under the agreement, Kyndryl will support the enhancement of Deutsche Bank’s mission-critical banking infrastructure by integrating automation and security technologies that are a part of the bank’s modernisation strategy and drive efficiency in day-to-day operations.
Kyndryl will also pilot hybrid networking solutions in Deutsche Bank’s data centres, further enabling integration of workflows and tooling. Deutsche Bank will be able to improve data integration across its on-premises IT environment as it prepares for its longer-term cloud journey.
The new agreement with Kyndryl will also support Deutsche Bank’s broader strategy to harness the power of cloud computing. Kyndryl has the flexibility to tap into a broad set of technologies and skills, including its own global strategic partnership with Google Cloud, in support of Deutsche Bank’s specific transformation goals. Additionally, Kyndryl’s nearly decades-long knowledge of Deutsche Bank’s systems will play a part in helping to migrate some of its critical business operations to the cloud.
