The Bank of the Philippine Islands (BPI) and tech titan IBM announced on Thursday, Aug. 1, a multi-year deal to outsource BPI’s existing IT infrastructure services to IBM.
Under the agreement, IBM will take over BPI’s IT network and data center activities. This will allow BPI’s Information Systems team to better concentrate on the bank’s strategic initiatives.
No financial details were disclosed.
IBM currently services several major banks in the Asean region. This engagement will help BPI focus on more strategic business areas while IBM manages its day-to-day IT operations.
“The country’s growth trajectory provides BPI with the opportunity to grow,” says BPI president and CEO Cezar “Bong” P. Consing. “The partnership with IBM will help provide the IT infrastructure that is supportive of the bank’s growth objectives.”
“IBM is committed to the strategic partnership as BPI continues to focus on key transformational projects,” said IBM Philippines president and country general manager Mariels Almeda Winhoffer. “IBM will provide smarter, scalable IT services and capabilities that will enhance and accelerate BPI’s transformation for growth.”