IBM has won a $260 million IT services deal from the Bank of the Philippine Islands (BPI), a bank headquartered in Manila.
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.
The third-largest bank in the Philippines aims to improve the digital banking experience for its 9 million plus customers by investing in technology across online, mobile apps, ATMs, CAMs and branches.
BPI aims to maintain an agile and compliant IT environment to maintain leadership in the Philippine banking industry. BPI will leverage IT infrastructure and hybrid cloud management services from IBM.
IBM and BPI have 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.
Cezar P Consing, BPI President and CEO, said: “Our extended agreement with IBM will help us become more agile in introducing innovations and transforming how we do things in BPI.”
Martin Jetter, senior vice president, IBM Global Technology Services, said: “Banks like BPI are going through a major shift and embracing a complete transformation of their business with advanced services.”