From Nasdaq: 2024-11-11 10:10:33

Banco de Credito del Peru invests over $650 million to modernize its IT systems with a hybrid cloud in partnership with Microsoft Corp. and Kyndryl Holdings, Inc. The investment aims to create an AI-powered innovation platform, enhance financial services, and support sustainable development over five years.

Through collaboration with Kyndryl and Microsoft Azure, the Peru-based financial institution will establish a hybrid computing environment to modernize IT systems, enhance digital channels’ agility, and improve availability. Kyndryl’s stock is trading at $28.08, up 1.34 percent on the NYSE, while Microsoft’s stock is at $422.28, down 0.04 percent on the Nasdaq.



Read more at Nasdaq: BCP Teams Up With Microsoft, Kyndryl To Modernize IT Systems