Permanent TSB heads to the cloud with Kyndryl

Permanent TSB Bank has engaged IBM’s spin-out, Kyndryl, to assist with infrastructure transformation “to deliver a seamless, integrated hybrid cloud management solution”, the vendor says.

Permanent TSB recently invested €150m in tech

Kyndryl will transition the Irish bank’s critical workloads to the cloud and deliver data management across its infrastructure using cloud services.

“Permanent TSB is investing heavily in the digital capability needed to make it Ireland’s best personal and small business bank,” says Tom Hayes, the bank’s chief technology officer (CTO).

The partnership with Kyndryl builds on Permanent TSB’s recent €150 million investment in enhancing its IT systems and digital capability, he adds.

Also, the bank embarked on “a major IT skills recruitment programme” last year.

Permanent TSB offers mortgages, savings, investments, current accounts, personal loans and small business banking products and services online, by phone and in person through 76 branches across Ireland.

It has community roots dating back over 200 years and recently announced plans to expand significantly through the acquisition of certain personal and SME banking businesses from Ulster Bank, including the latter’s 25 branches.

Kyndryl was spun out from IBM as an independent managed infrastructure services provider in November last year. It’s the world’s largest company of its kind, with nearly 90,000 employees serving over 4,000 customers in more than 60 countries worldwide.