Intesa Sanpaolo signs digital infrastructure deal with IBM

By Gloria Methri

Italy’s largest banking group Intesa Sanpaolo has signed an agreement to adopt IBM’s innovative technology infrastructures to support its new digital banking service. The collaboration will help the bank evolve its IT security while accelerating performance and reducing energy consumption.

Intesa Sanpaolo will now be able to leverage Hybrid Cloud and Artificial Intelligence which enable open, flexible, and secure digitization. The modernization of the bank’s technology environment with IBM z16 will also enable Intesa Sanpaolo to reduce its infrastructure energy consumption.

The collaboration will further form the basis for further developments, including the protection of sensitive data and infrastructure from possible cyberattacks in a post-quantum future.

IBM has been researching and developing quantum-safe technology that enables the protection of sensitive information. Intesa Sanpaolo will protect its data with the IBM z16’s quantum-safe cryptography capabilities which provide a foundation for the bank to start future-proofing its systems, applications, and data, now.

“We have started a journey to digitize our processes and customer services by leveraging the most innovative technologies and an ecosystem of national and international players,” said Massimo Enrico Proverbio, Chief IT Digital & Innovation Officer di Intesa Sanpaolo. “This includes the evolution of the Group’s infrastructure, which the new IBM technology will help make more flexible, performant, and sustainable.”

“We are excited to work with Intesa Sanpaolo to promote the development of innovative, secure, and more sustainable digital solutions also through the adoption of IBM z16 technology in the Group’s hybrid cloud model,” added Marco Utili, Managing Director, IBM Technology Italy, “We believe that this collaboration represents a unique opportunity to bring sustainability and technological innovation to the center of the agenda of the Italian and European financial sector”.