BERTRANGE, Luxembourg, September 17, 2024 — Kyndryl (NYSE: KD), the world’s largest IT infrastructure services provider, and Banque Internationale à Luxembourg (BIL), one of the largest universal banks in Luxembourg, announced a 5-year managed services agreement to support BIL’s digital strategy.
Building on the companies’ long-term partnership, Kyndryl will develop and deploy a custom private cloud and software defined network to host BIL’s new core banking applications, providing the bank with more flexibility and agility. The service will be powered by Kyndryl Bridge, Kyndryl’s open integration platform that delivers AI-supported Operations and Sustainability Management. Kyndryl Bridge AI Ops will allow analysis of the bank’s IT operations and deliver insights that will enable BIL to improve the efficiency of its IT estate. Kyndryl will facilitate these advancements for BIL by providing a comprehensive suite of services, including consultancy, security, networking and core enterprise solutions, complemented by the expertise of Kyndryl Consult.
Luxembourg’s oldest private bank, BIL is redefining its wide range of commercial and corporate banking services through a digital transformation journey. To this aim, the bank’s IT organization is building a modern and reliable platform infrastructure to help ensure a future-proof architecture. In addition, a newly deployed efficient data platform will help guarantee high data quality and availability.
“Banque Internationale à Luxembourg (BIL) has modernized its core banking system to enhance service delivery and client experience. The bank will continue to integrate intelligent automation across its operations, enabling faster responses and innovation. Additionally, BIL’s adoption of an API-driven platform allows for quick product launches and personalized customer experiences. To support that strategy, BIL and Kyndryl together will build a technology backbone,” said Olivier Gorin, Chief Operations Officer, Banque Internationale à Luxembourg.
“We are proud to support BIL's digital transformation by providing the best-in-class services using Kyndryl Bridge, Kyndryl’s open integration platform. As the bank's primary technology services partner, we will provide the bank with a secure and scalable private cloud solution and state-of-the-art cybersecurity capabilities. We are excited to work with BIL and help them achieve their vision of becoming the most modern bank in Luxembourg,” said Liesbet D’hoker, Managing Director of Kyndryl Luxembourg.
About BIL
Founded in 1856, Banque Internationale à Luxembourg (BIL) is the oldest multi-business bank in the Grand Duchy. It has always played an active role in the main stages of development of the Luxembourg economy. It currently operates in retail, private and corporate banking, as well as on financial markets. Employing more than 2,000 people, BIL is present in the financial centers of Luxembourg, Switzerland and China. For more information, visit www.bil.com.
About Kyndryl
Kyndryl (NYSE: KD) is the world's largest IT infrastructure services provider, serving thousands of enterprise customers in more than 60 countries. The company designs, builds, manages and modernizes the complex, mission-critical information systems that the world depends on every day. For more information, visit www.kyndryl.com.
Kyndryl press contact
press@kyndryl.com
