Citizens Bank signs 5-year managed services deal with IBM
Citizens Bank is moving its back-end technology infrastructure to a managed services environment following the signing of a five-year IT services agreement with IBM.
Using a hybrid IT approach, IBM will optimise the bank’s existing IT infrastructure by integrating automation and predictive analytics technologies to standardise and streamline many of its internal IT systems and processes, including core banking applications, branch operations and online and mobile banking.
“Information technology plays a key role in our ability to anticipate and meet the needs of every customer, across every channel,” said Ken Starkey, chief technology officer, infrastructure services, Citizens Bank. “This agreement with IBM will provide immediate access to new technologies and capabilities, enabling us to create greater efficiencies in support of Citizens’ growth objectives.”
Under the contract, IBM will operate Citizens’ existing and future IT systems located in the bank’s data centres in Rhode Island and North Carolina. The bank already uses IBM systems and technologies. IBM also will support Citizens’ voice and data networks and provide IT support for all Citizens colleagues.
Philip Guido, general manager, IBM Global Technology Services, North America, said: “This is part of a multi-stage transformation of Citizen’s IT environment that lays the foundation for integrating additional IBM solutions in the future, making the bank more agile and responsive to the growing needs of its customers.”