Intesa Sanpaolo partners IBM to upgrade its IT infrastructure
Intesa Sanpaolo, Italy’s largest banking group, has partnered with tech titan IBM to “future-proof” its IT infrastructure.
Intesa says demand for digital services and “increasingly stringent security, compliance and sustainability regulations” have made it necessary for banks to review and upgrade their tech infrastructure regularly.
As such, the Italian banking group has developed an investment plan that will see it modernise its IT systems and bolster its operations with the latest cybersecurity tech. Intesa will also adopt “stringent” ESG policies as part of the overhaul with the view to achieve net-zero emissions by 2030.
Additionally, the investment plan includes the creation of its new digital bank Isybank, which is designed to offer consumers high levels of “performance, efficiency and security”, Intesa adds. The new digital banking app is now ready for testing, with Intesa staff reportedly being asked to sign up for a trial beginning 1 March, according to Reuters.
The pair will also work together to prepare for the rise of quantum computing, developing ways to protect sensitive data from cyberattacks that can potentially decrypt today’s standard security protocols.
Intesa Sanpaolo will utilise the IBM z16 platform and its quantum-safe cryptography capabilities, which will act as a foundation for the bank to start future-proofing its systems, applications and data.
IBM Italy managing director for Intesa Sanpaolo Group Marco Utili says the partnership represents an opportunity to bring sustainability and technology “to the centre of the agenda of the Italian and European financial sector”.