AIB signs €65m deal with IBM for hybrid cloud transformation

Irish banking heavyweight AIB and IBM have announced a €65 million three-year agreement to help the bank achieve its 2023 digital transformation strategy goals.

AIB and IBM announce €65m three-year agreement

The deal will help AIB pave “a clear pathway to a hybrid cloud technology environment”, with IBM being “a core contributor”.

Fergal Coburn, group chief technology officer at AIB, comments: “IBM technology has been the backbone of our service delivery for over 30 years and this agreement maintains our relationship in the innovation space.”

The IBM technology platform will further enhance AIB’s operational resilience, cyber resilience and fraud detection capabilities.

The technology portfolio, which includes data analytics and process automation tools, “was selected specifically to complement AIB’s existing technology roadmap and business requirements”, IBM says.

“As financial organisations progress on their cloud journeys, they need an approach that allows various cloud-based applications to work in concert,” says Graham Fagan, group director of enterprise technology and cloud engineering at AIB.

“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.”