The 10-year agreement on IT services will drive change through hybrid cloud transformation
The project will develop in Kyndryl’s partnership with Microsoft, RedHat, VMWare and ServiceNow
MADRID, April 6, 2022 – Cecabank, the leading Spanish wholesale bank in Securities Services, and Kyndryl (NYSE: KD), the world’s largest provider of design, management and modernization of technology infrastructure services, have announced the signing of an agreement to change and manage a large portion of Cecabank’s IT services. The new contract, signed over ten years, includes a firm commitment to invest in innovation, including hybrid cloud technologies and the alliances Kyndryl has signed with Microsoft, RedHat, VMWare and ServiceNow.
Cecabank and Kyndryl have been working together for more than two decades to manage their infrastructure. Under this new agreement, Kyndryl will help Cecabank adopt new cloud and security technologies to modernize its infrastructure and services. This new agreement aims to expand the services offered by Kyndryl to Cecabank and continue to accompany it in its innovation and modernization.
Kyndryl understood the need for Cecabank to anticipate future developments and its need to be as agile as possible to respond to the demands of a vibrant sector, as well as the regulatory requirements that must continue to adapt to changing truth.
“The agreement with Kyndryl, a leader in technology infrastructure management, will allow us to evolve towards a next generation hybrid cloud-focused technology platform. In line with our strategic plan, we are working with Kyndryl to have of a flexible, scalable, robust., efficient and secure technology that will enable us to meet the agility commitments and functionality demanded by business, ”said Antonio Romero Mora, Corporate Director of Associative Services and Resources at Cecabank.
“Cecabank is a wholesale financial institution whose services to Spanish banks have become key. In this project, we will help the bank continue to offer the best services, with maximum savings in the future. that year, allowing Cecabank to face the future by focusing on its strategic and high-value areas, ”said Luis Roca, President of Kyndryl Spain and Portugal.
The agreement describes Kyndryl’s technological capacity to respond to the innovation plans of companies in all sectors and its strength as a partner to modernize the diverse technological environment of financial institutions, helping them to make the most of their approach to the cloud.
About Kyndryl
Kyndryl (NYSE: KD) is the largest provider of IT infrastructure services in the world. The company designs, builds, manages and modernizes complex, mission-critical information systems that depend on the world every day. Kyndryl’s nearly 90,000 employees serve more than 4,000 customers in more than 60 countries around the world, including 75% of the Fortune 100. For more information, visit www.kyndryl.com.
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