Krungsri (Bank of Ayudhya PCL), Thailand’s leading financial institution, announced a five-year partnership with Kyndryl, the world’s largest IT infrastructure services provider to enhance the bank's ability to implement data analytics, cloud solutions, and automation.
Profound transformation
“The banking industry is undergoing a profound transformation due to a confluence of factors, including technological advancements, evolving customer preferences, regulatory changes, and the rise of innovative financial models. These factors are leading us to a tipping point where traditional methods need to be re-evaluated and reshaped,” said Pochara Vanaratseath, Krungsri head of Information Technology Group.
“Kyndryl is proud to be the trusted partner supporting Krungsri’s IT modernisation journey. Our proven track record in harnessing data to strategise, innovate and deliver an optimised banking experience will play a crucial role in architecting and implementing the right technological solutions for Krungsri’s IT landscape. We are fully committed to enhancing Krungsri’s customer-centricity and enabling its transformation into a digital-first financial institution in Asia,” said Andrew Lim, managing director, Kyndryl ASEAN.
Partnership targets
Kyndryl targets to support the bank in relocating its data centre, automating cloud adoption, and modernising its mainframe and workplace solutions.
It also aims to secure partnerships with industry leaders, allowing Krungsri to serve customers beyond Thailand.
Kyndryl can also manage intricate IT landscapes, and catalyse digital transformation and capital efficiency.
Through automation and digitalisation, the partnership can streamline operations and optimise costs for the financial institution.
