Suryoday Small Finance Bank tie-up with Kyndryl for Digital & IT transformation

Suryoday Small Finance Bank has partnered with New York, US-based Kyndryl, an IT infrastructure services provider for a period of 5 years. The bank will partner with Kyndryl to drive its technology transformation program, improve operational efficiency, and increase digital banking adoption among its customers as part of a five-year transformation deal.

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Under this partnership:

• Kyndryl will drive the bank’s Information technology (IT)/Digital transformation program, improve operational efficiency, and increase digital banking adoption among the bank’s customers.
• Overall, Kyndryl will modernize the bank’s technology and network connectivity. The bank will utilize Kyndryl’s advisory and implementation services to deploy and support a new core banking system.’
• Kyndryl will provide advisory and implementation services to the bank to deploy and support a new core banking system and integrate with digital channels to deliver an agile banking platform that accelerates retail business growth and enhances the bank’s customer experience.

Important takeaways for all competitive exams:

• Suryoday Small Finance Bank Headquarters: Navi Mumbai, Maharashtra;
• Suryoday Small Finance Bank MD & CEO: Baskar Babu Ramachandran;
• Suryoday Small Finance Bank Tagline: A Bank of Smiles.

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