MUNICH and KELSTERBACH, November 9, 2023 — Hausbank München eG, a specialized financial institution in Germany serving property owners and the real estate industry in the Munich metropolitan region, has entrusted the relocation, modernization and operation of its datacenters to Kyndryl, the world's largest IT infrastructure services provider. Hausbank München eG, a new Kyndryl customer, will benefit from Kyndryl's extensive experience in the financial sector.

Kyndryl will relocate two datacenters from Hausbank’s locations to its own high-availability datacenters in Frankfurt. As the bank’s new IT partner, Kyndryl will not only rebuild the dedicated server infrastructure and establish a modernized network, but also manage the operating system. The partnership will provide a future-proof private cloud-native platform based on Kubernetes, an open-source software automation system. 

A major focus of the project will be to enable reliable, highly automated and secure operational processes for the bank through Kyndryl Bridge, an AI-powered integration platform that provides real-time visibility and operational insights. 

Additionally, Kyndryl will enhance the cybersecurity capabilities of Hausbank with various IT security solutions such as a Managed SIEM (Security Information and Event Management) platform. These services will be delivered from multiple Kyndryl delivery centers in the European Union. 

The bank chose Kyndryl as an IT partner so that it could focus more on its core banking business and specialized software solutions for the real estate industry. With a balance sheet total of €4.187 billion in 2022, the financial institution comprehensively supports its clients in banking services, software solutions for the real estate management and further services. Hausbank München eG is among the largest cooperative banks in the Bavaria region, necessitating an IT services partner that provides stable and compliant datacenter operations and sophisticated operational IT security. 

“We look forward to collaborating with Kyndryl and anticipate a fast and seamless implementation of the datacenter relocation,” said Jan Keuntje, General Attorney and CIO of Hausbank München eG. “This will enable us to further expand our services and specialized software solutions for property owners and the real estate industry.” 

Markus Koerner, President of Kyndryl Germany, said, "The financial sector is one of Kyndryl's most important industries. We serve about 70 major institutions worldwide. Thanks to our experience with the specific regulations in the financial services sector and the trusted collaboration with Hausbank München eG, we can tailor our services to meet the needs of this new customer individually." 

About Hausbank München eG
Hausbank München eG was founded in 1908 as a cooperative self-help institution for homeowners and is now one of the largest cooperative banks in Bavaria. Evolving from its expertise in real estate, Hausbank München eG has become a bank that provides holistic support to property owners in the areas of real estate financing, asset development, and future provision. 

Many of its customers are also members of the cooperative, making them owners of the bank. Since the 1970s, Hausbank München eG has also been a nationwide service provider for the real estate industry with its software for property management and, since the 1980s, its security deposit service. For more information, visit www.hausbank.de.

About Kyndryl
Kyndryl (NYSE: KD) is the world's largest IT infrastructure services provider, serving thousands of 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.

Press Contact - Hausbank München eG
Elke Triendl / Marketing
Bank for Real Estate Owners
Sonnenstraße 13
80331 Munich
Tel: 089 55 141-219
Email: elke.triendl@hausbank.de

Press Contact - Kyndryl
press@kyndryl.com