MANILA, Philippines and
ARMONK, N.Y., Jan. 23, 2019 /PRNewswire/ -- IBM (NYSE:
IBM) and the Bank of the Philippine Islands (BPI), a universal bank
headquartered in Manila, have
signed a $260M, multi-year services
agreement. IBM will provide IT infrastructure services to support
an agile IT and hybrid cloud, as well as digital development
capabilities to accelerate BPI's digital transformation.
BPI is the third-largest bank in the
Philippines in terms of assets, with more than 9 million
customers. The bank continually improves the digital banking
experience for customers by investing in technology, including this
renewed IT services agreement with IBM, across online, mobile apps,
ATMs, CAMs (Cash Accept Machines) and branches.
BPI aims to maintain an agile and compliant IT environment to
maintain leadership in the Philippine banking industry. To achieve
this, BPI will leverage IT infrastructure and hybrid cloud
management services from IBM that delivers seamless technology
regardless of whether it resides within BPI's existing
infrastructure or its private or public cloud environments. In
doing so, IBM will host the bank's digital solutions of today and
in the coming years.
As part of the Digital Experience Solution, IBM and BPI have
also designed an IT environment that supports an open API economy
strategy that makes the most of the bank's data to create
compelling customer applications and services. The agreement will
help to achieve some of the bank's digital transformation goals
which include the continual upgrades for bank branches with new
technology as well as other financial services apps for
customers.
The services provided by IBM will have "born in the cloud
experiences" at its core to support BPI's Hybrid Cloud Strategy,
including Infrastructure as Code, and an open API consumption. IBM
Security services will underpin the success of the IT services
strategy designed by IBM for BPI.
"The rapidly changing business environment requires us to
accelerate the pace of our digital transformation. We need to
continue to be responsive to an ever-changing market," said
Cezar P. Consing, BPI President and
CEO. "Our extended agreement with IBM will help us become more
agile in introducing innovations and transforming how we do things
in BPI."
"Banks like BPI are going through a major shift and embracing a
complete transformation of their business with advanced services to
respond to the needs of today's connected consumer," said
Martin Jetter, Senior Vice
President, IBM Global Technology Services. "We are excited about
helping one of the leading banks in South
East Asia power its core IT infrastructure and bring new
digital experiences with IBM Cloud in a secure and open environment
to help prepare BPI for the future of banking."
Media Contact
Kaveri Camire
kcamire@us.ibm.com
1 (914) 625-6395
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SOURCE IBM