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Banking and Financial Markets
Overview
We help banking, payments and financial market leaders modernize, optimize and increase the resiliency of their IT workloads for a superior customer experience.
Modernize to drive business priorities
Ronan Hughes, the core banking principal architect for the Bank of Ireland, shares his approach to the bank's mainframe simplification. This approach involves protecting the system of record, assembling a brain trust of experts, and insisting on collaboration among the internal and external parties.
Innovate for exceptional customer experience
Kyndryl and Bank of the Philippine Islands (BPI), a leading provider of financial services and an industry pillar in the Philippines, celebrate the 10th anniversary of their technology infrastructure services partnership that underpins BPI’s robust IT governance framework.
Build a secure financial ecosystem
Security leaders from Banorte and Kyndryl discuss the risks that C-Suite executives face in charting their paths to cyber resilience.
Banking and Financial Markets
Transform the
future of banking
Leverage modern, innovative and secure banking solutions to grow your business and stay ahead of the curve
Banking and Financial Markets
Your clients are your future
Delight them with real-time, secure and innovative experiences
We help banking, payment processors and capital markets leaders leverage cloud, business resiliency, and data to optimize their IT workloads for a superior customer experience.
Banking and Financial Markets
Modernize to drive business priorities
Kyndryl is helping Thailand’s leading financial institution modernize its IT infrastructure to advance their vision of customer-centric, personalized offerings.
Banking and Financial Markets
Innovate for exceptional customer experience
Belfius, a leading Belgian banking and insurance group, partnered with Kyndryl to unlock new technology that drives innovation and customer satisfaction.
Banking and Financial Markets
Build a secure financial ecosystem
Security leaders from Banorte and Kyndryl discuss the risks that C-Suite executives face in charting their paths to cyber resilience.
03 things
to know
01
85% of executives
agree that a better employee experience translates to a better customer experience and higher revenue.
Source: IDC
02
73% of CEOs
say that deriving value from data is their top priority and is essential to remaining competitive.
03
By 2025
70% of CEOs will mandate resilience to survive threats from cybercrime, severe weather, and political instabilities.
Source: Gartner

industry experts

Our experts, your challenges
Read the Q&A with Kyndryl expert, Felice Sorrentino.

QHow are regulations changing the way financial institutions manage cyber security risk?

ACyber security continues to be a top priority for the financial services industry. This is even more important due to the multiple regulations that national authorities and financial regulators are applying all over the world.   One of the new and most stringent regulations is the Digital Operational Resilience Act, or DORA, a European Union regulation that creates a binding, comprehensive information, and communication technology risk management framework. Banks, financial entities, and technology service providers need to implement and follow those standards by January 17th, 2025.

Another regulation that covers cyber security risk is general data protection regulation (GDPR). The aim of those regulations is to develop a single regulatory and supervisory rulebook for information and communication technology (ICT) operational resilience, where all firms must ensure they can withstand, respond to, and recover from all types of ICT-related disruptions and threats, including cyber incidents.  Beside the mandatory aspects of following those regulations, there is an increased awareness of the protection of data integrity and the impact for the data breached financial institution both in term of operation, reputation, and competitiveness. 

QWhy is there a growing focus on modernizing core system technology in the financial services industry?

AFor many years, banks and other financial institutions relied on monolithic in-house developed applications. One of the reasons was the large usage of mainframe platforms to support back-end operations and the reliability of these platforms during those years. The introduction of the cloud with all the benefits that it brings (in term of cost, agility, increased time to market and efficiency) is pushing this industry to quickly modernize their legacy core banking systems.  

The advantage of new containerized applications is increased operational efficiency,and better integration with 3rd party platforms and applications. The cloud also brings benefits such as,automation, AI, increased security and cost reduction, and an improved customer experience.   
See more
Felice Sorrentino
Consult Partner
Strategy & Integration Director
Kyndryl
Felice Sorrentino
Consult Partner
Strategy & Integration Director
Kyndryl
Resources
Explore the impact of generative AI on finance
Webcast | Aug, 2024 | Viewing time: 43 min
On Solid Ground for AI - Everywhere
 
Whitepaper | May 2024 | Read time: 8 min


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