Kyndryl : accelerates cloud migration for National Bank of Canada

TORONTO, June 18, 2024 - Kyndryl (NYSE: KD), the world's largest IT infrastructure services provider, today announced an extended partnership with National Bank of Canada to accelerate its digital transformation and cloud migration. Kyndryl has been supporting National Bank's critical infrastructure for many years and is now working with the bank to modernize its environment to streamline workloads and operations, reduce technical debt and innovate across the organization.

The cloud native operating model is designed to improve the bank's operational agility by enabling it to scale up or down its computing resources according to demands and allowing it to launch products and services faster and easier. It will also help simplify business processes by automating and integrating workflows, and by facilitating collaboration and communication among employees.

"We know National Bank's legacy environment very well. With our Kyndryl Consult team, leveraging our deep hybrid cloud and mainframe expertise, we will help the bank reduce its infrastructure and operational costs, while gaining more flexibility and speed to respond to changing market conditions and customer needs," said Farhaz Thobani, President, Kyndryl Canada. "The bank will also be able to leverage the cloud to access new technologies, like artificial intelligence, that can enhance its product offerings and customer experiences."

"The expertise of Kyndryl is a key asset for us," said Julie Lévesque, Executive Vice-President - Technology and Operations, National Bank of Canada. "The company's dedication is essential as we strive to maintain our market leadership and adapt to our clients' evolving needs through our cloud transformation initiatives."

About National Bank of Canada
With $442 billion in assets as at April 30, 2024, National Bank of Canada is one of Canada's six systemically important banks. The bank has approximately 30,000 employees in knowledge-intensive positions and operates through three business segments in Canada: Personal and Commercial Banking, Wealth Management and Financial Markets. A fourth segment, U.S. Specialty Finance and International, complements the growth of its domestic operations. Its securities are listed on the Toronto Stock Exchange (TSX: NA). Follow the bank's activities at nbc.ca or via social media.

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
[e-mail]