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Banking and financial services

Modern banking starts with trusted operations

Drive innovation without compromising security, compliance, or reliability across your most critical operations

We help banking, payments, and financial markets leaders optimize their IT workloads for a superior customer experience.

Get regulation ready for today and tomorrow without doing the work of two

You don't need another you to get cybersecurity regulation ready.

Double your impact with Kyndryl

85%

of executives agree that a better employee experience translates to a better customer experience and higher revenue.


Source: IDC

73%

of CEOs say that deriving value from data is their top priority and is essential to remaining competitive.


Source: Frost & Sullivan

70%

of CEOs will mandate resilience to survive threats from cybercrime, severe weather, and political instabilities.


Source: Gartner

Banking and financial markets capabilities

Helping banking and financial markets achieve better outcomes

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Accelerate modernization to drive business priorities

A major US bank envisioned modern technology and digital capabilities to effectively deliver services to customers and colleagues with greater speed and agility.

A still image of a lady smiling , exploring data to provide seamless banking expereince to its customers

Innovate to deliver exceptional customer experience

Kyndryl is working with a Middle Eastern bank to harness the power of its data to provide best-in-class experience and personalized offerings to its customers.

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Build a secure and resilient financial ecosystem

Faced with a time-consuming and manual process disaster recovery (DR) process, a major national stock exchange sought the right tool to automate its DR operations.

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Frequently asked questions

Your industry questions

 

As financial institutions move to multicloud environments to address concentration risk, they actually open up more risks associated with compliance and security and resiliency.

Addressing these risks is critical, and the SEC now requires financial institutions to report their compliance and security posture as part of their earnings statements.

To meet these requirements, financial institutions need to prioritize third-party risk management and end-to-end compliance across their ecosystem of partners.

Many financial services companies have invested heavily in front-office capabilities over the past few years, but they haven't prioritized all the back-office platforms and services that are needed to modernize. That creates a lot of technology debt, which creates more fixed costs versus variable costs in their budgets.

These older technologies are harder to integrate with new services so there's a need to modernize core systems and shift from fixed cost budgets to more variable cost budgets. The modern core systems are easier to integrate and enable business partners and their firms to accelerate innovation and speed to market.

 

Take the next step

Connect with an expert to discuss your IT transformation

Is your institution ready for cybersecurity regulations?


Cyber regulations and guidelines compliance are pressing challenges for banking and financial services, yet many organizations may be unprepared for the looming deadlines or unaware of the steps they need to take in order to comply.


Financial institutions need a consultative partner with the perspective, expertise, and direction to help them anticipate, protect against, withstand, and recover from information and communication disruptions and threats.


Kyndryl’s integrated approach to cybersecurity and resiliency — combined with our extensive modernization capabilities — can help you achieve and surpass compliance standards while safeguarding your mission-critical systems, applications, and operations.

Our experts, your challenges
Read the Q&A with Kyndryl expert, Chris Davis.

QWhat are the key tech challenges and opportunities for banks and financial services organizations?

ABanks and financial services businesses are navigating technological changes to adhere to regulations like DORA, while the AI Act will shape their modernization journey.

Meeting new security and anti-money laundering expectations, exploiting the potential of generative AI, and addressing end-of-life technology while providing a resilient and excellent customer service experience is an ongoing challenge and opportunity for enterprises to excel.

QHow is mainframe technology relevant in the current FinTech landscape?

ADespite often being overlooked, mainframe technology remains crucial in the financial sector. Kyndryl’s State of Mainframe Modernization Report found that 89% of surveyed enterprises, including many financial services organizations, still see mainframes as extremely or very important to their business strategy and operations. Mainframes offer optimal performance, reliability and robust security for mission-critical workloads.
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QWhat is your advice to executives for modernizing their mainframe environments?

ASome key fundamentals for starting or accelerating the transformation journey:
  1. Adopt a hybrid approach by determining the right platform for the right workload to leverage the strengths of both cloud and mainframe.
  2. Securely unlock mainframe data through APIs for use in new and innovative ways.
  3. Invest in training the application development workforce to equip new developers with skills in mainframe technologies.
  4. Recognize that transformation is an ongoing journey, requiring constant re-evaluation and adaptation to determine the best business outcomes.
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Chris Davis
Banking and Financial
Services Advisor
Chris Davis
Banking and Financial
Services Advisor
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