Krungthai Bank and IBM join forces to boost traditional banking services

Krungthai Bank and IBM have announced the formation of IBM Digital Talent for Business (IBMDT), a joint venture that aims to boost Krungthai Bank's technology workforce and infrastructure development.

09/10/2023 News

Krungthai Bank and IBM have announced the formation of IBM Digital Talent for Business (IBMDT), a joint venture that aims to boost Krungthai Bank's technology workforce and infrastructure development. IBMDT will enhance the bank's traditional banking services efficiently to pursue strong, sustainable growth.

IBMDT will focus on developing the skills of Krungthai Bank's IT workforce and recruiting new tech talent to support its operations. Payong Srivanich, CEO of Krungthai Bank, expressed that this collaboration is part of their strategy to bolster their competitive edge and create new business opportunities.

This partnership leverages IBM's technology and consulting expertise, utilizing the IBM GarageTM methodology for increased agility. IBMDT will modernize and upgrade the bank's IT infrastructure to ensure security and efficiency for a more tech-driven future. The collaboration positions Krungthai as a leader in the global banking landscape, empowering its traditional banking services for sustainable growth.

Lula Mohanty, Managing Partner of IBM Consulting, Asia Pacific, explained that IBMDT will swiftly create and scale new products and services with integrated teams of professionals, including developers, AI experts, data scientists, and designers.

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