Kyndryl announced a five-year extension of its long-term partnership with Bank of Ayudhya, or Krungsri, to upgrade the bank's IT systems and Core Banking platform. Under the agreement, Kyndryl will bring its Kyndryl Bridge platform, automation, AI-driven operations, Mainframe-as-a-Service capabilities, and application modernization services to Krungsri's IT data center environment, covering the infrastructure that supports more than 4,800 ATMs nationwide. Kenichi Yamato, Managing Director and Chief Executive Officer of Bank of Ayudhya, said the banking industry is being transformed by technology, customer expectations, regulation, and new financial models, making robust, flexible, and stable IT infrastructure essential. Kittipong Asawapichayon, Managing Director of Kyndryl Thailand, said the partnership will bring the Kyndryl Agentic AI Framework to accelerate system modernization, spanning application and infrastructure analysis, the creation of workflow automation, and mainframe and application modernization projects, all while keeping humans in the loop.
Bank of Ayudhya PCLKrungsri extends Kyndryl deal to overhaul its core banking platform with agentic AI, automation, and application modernization, upgrading its IT infrastructure.
