Kyndryl and Laurentian Bank of Canada announced the availability of a new cloud landing zone for the lender using cloud platforms such as Microsoft Azure.
With the partnership, Laurentian Bank is said to deploy its hybrid multi-cloud environment, enabling the bank to provide engaging customer experiences and digital capabilities.
The bank’s strategic partnership with Kyndryl allows its digital services to operate effectively and securely, ensuring that customers have a positive and seamless experience at all interaction touchpoints.
Laurentian Bank executive vice president and chief information technology officer Beel Yaqub said: “With this milestone, we are executing on several key priorities of Laurentian Bank’s strategic plan, including enabling our digital-first approach and accelerating the introduction of our digital onboarding solution.
“Through a strategic partnership with Kyndryl, we are using our size as an advantage to drive innovation, agility, and speed.”
Through the collaboration, the bank expects to expedite the introduction of its digital onboarding solution and deliver on its reimagined and more customer-focused VISA experience.
Founded in 2021, Kyndryl is said to design, build, manage, modernise and develop large-scale information systems.
Kyndryl Canada President Xerxes Cooper said: “Financial services institutions are in a time of disruption and change as they adapt to suit their customers’ increasingly digital expectations. Laurentian Bank has clearly defined its strategy for customer-focused growth, and they are achieving its milestones at a remarkable pace.
“Kyndryl is proud to be a long-time partner of Laurentian Bank, and we are thrilled to support their transformation journey as they continue to define best practices for Canadians’ personal and business banking experiences.”
The Montréal-based bank is said to have $46.1bn in balance sheet assets and $30.2bn in assets under administration.