AIB, and IBM announced a €65m three-year agreement designed to help deliver the bank's 2023 strategy by accelerating its ongoing digital transformation, meeting its customer-first commitment and providing a clear pathway to a hybrid cloud technology environment. Under the agreement, IBM will provide AIB with a next-generation IBM z15 compute platform along with an extensive technology portfolio which includes IBM'sCloud Pak solutions and the capability to deliver services leveraging Red Hat OpenShift. This will help AIB to sustain its high pace of digitalisation and its strong focus on security and resilience.

The IBM technology platform will further enhance AIB's cyber resilience and fraud detection capabilities, ensuring its digital services remain highly performant, available and secure for its customers. The technology portfolio which includes data analytics and process automation tools provides market-leading capabilities, selected specifically to complement AIB's existing technology roadmap and business requirements. It will also enable enhanced system availability capabilities which will support the bank's approach to Operational Resilience.