Data and AI
Kyndryl partners with Hertz on technology transformation
Press release
23/01/2026
LISBON, February 11, 2026 — Kyndryl (NYSE: KD), a leading provider of mission-critical enterprise technology services, today announced it has completed a project with Portuguese financial services company Banco Credibom to modernize its technology infrastructure by migrating its core system to a private cloud model.
“This project is part of Banco Credibom’s technology transformation strategy, aimed at strengthening operational agility, improving energy efficiency, and enhancing service levels,” said Cláudia Alho, Chief Information Officer, Banco Credibom. “By adopting a private cloud infrastructure managed by Kyndryl, Banco Credibom gains greater flexibility in managing its core application environments and, consequently, a better ability to adapt and respond to emerging business needs in a constantly evolving sector.”
“More than a technological update, we know that this migration represents a strategic evolution for Banco Credibom,” said Antonio Lorvão, Customer Technology Advisor, Kyndryl Portugal. “By leveraging Kyndryl’s deep expertise in managing mission-critical infrastructure services, the bank’s teams can focus on more strategic priorities and fewer operational tasks. This enables greater speed and reliability in responding to customer and partner needs in an increasingly digital environment that demands smooth, secure and personalized experiences.”
The project allows dynamic resource adjustment, supporting operational continuity and performance gains while driving enhanced sustainability. It involved a dedicated technical team from Kyndryl Consult that will provide strong coordination among the Banco Credibom and Kyndryl teams, enabling the system migration to be completed effectively and in line with the defined plan.
This initiative is part of a broader program by the Crédit Agricole Personal Finance & Mobility Group, which aims to harmonize, mutualize and modernize IT infrastructures across various entities within the Group. The project developed in Portugal is another step toward executing this shared vision, allowing Banco Credibom to allocate resources to areas that add greater value for its customers and to the development of its core competencies.
About Banco Credibom
Owned 100% by one of the largest European banking groups, the Crédit Agricole Group, Credibom is a bank specialized in consumer credit and a reference in automobile financing in Portugal, offering Customers and Partners flexible, transparent credit solutions tailored to their needs. Present in Portugal for more than 30 years, Credibom provides personalized and transparent guidance, finding the best solution for each case. It operates through more than 800 partners in the automotive and home retail sectors, from North to South, with a dedicated team that supports partners through a close and trusted relationship. Credibom offers a personalized, simple, and fast credit experience, such as fully digital contract signing or optimized online credit processes, simplifying customers’ lives. The bank offers personal loans, auto loans, home improvement and repair loans, furniture, decoration, appliances, and vacation financing. Additionally, it provides life, auto, temporary disability, involuntary unemployment, goods protection, and purchase guarantee insurance. For more information, visit www.credibom.pt.
About Kyndryl
Kyndryl (NYSE: KD) is a leading provider of mission-critical enterprise technology services, offering advisory, implementation and managed service capabilities to thousands of customers in more than 60 countries. As the world’s largest IT infrastructure services provider, the company designs, builds, manages and modernizes the complex information systems that the world depends on every day. For more information, visit www.kyndryl.com.
Kyndryl press contact
press@kyndryl.com
