AIB Signs Three-Year €65 Million Agreement with IBM

AIB, an Irish bank with market-leading positions across key segments, and IBM announced a €65m three-year agreement. It is designed to help deliver the bank's 2023 strategy by accelerating its ongoing digital transformation.

"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," commented Fergal Coburn, Group CTO at AIB.

The IBM technology platform will further enhance AIB's cyber resilience and fraud detection capabilities, ensuring its digital services remain highly performant, available, and secure for its customers. The technology portfolio which includes data analytics and process automation tools provides market-leading capabilities, selected specifically to complement AIB's existing technology roadmap and business requirements. It will also enable enhanced system availability capabilities which will support the bank's approach to Operational Resilience.

"This agreement continues AIB's successful strategy of being at the forefront of digital transformation in the Irish banking industry. The IBM z15 is a key part of the bank's overall hybrid cloud strategy and will enable AIB to efficiently and securely manage traditional operations and provide AIB's highly experienced team the tools to deliver new digital services in a very agile manner," said Deborah Threadgold, Country General Manager at IBM Ireland.