IBM, Banca Carige Launch 'Dock' - $500M AI, Big Data and Analytics Fund

5 months ago
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IBM, Banca Carige Launch 'Dock' - $500M AI, Big Data and Analytics Fund Image Credit: blackboard/Bigstockphoto.com

IBM and Italian bank, Banca Carige, have officially launched Dock, a $500M U.S. joint venture, to bring innovative technologies including AI, big data, analytics and cognitive tools to improve the competitiveness of the bank.

Leveraging the technologies, Dock will help Banca Carige to respond to new business needs by facilitating the simplification of their IT environment while also creating a path to digital transformation that will help drive client experience excellence under a single bank model.

The planned solutions will lead to:

 - Cost reductions, through digital transformation of the Bank's technological infrastructure - with the evolution towards a "hybrid IT" model and a progressive migration of workloads in cloud environments.

 - Transformation towards a "new generation bank", agile in responding to the client, creative and open to innovative collaborations in the sector.

 - Development and offering of innovative services through the automation of branch processes, also with the extensive use of robotics and the evolution of the skills of its operators as financial advisors.

 - Laser focus on business continuity, operations security and compliance with the regulatory environment.

Paolo Fiorentino, CEO, Banca Carige
The partnership with IBM represents an important turning point and a new starting point for Banca Carige as we will be able to take advantage of IBM's capacity for developing new technologies.

Enrico Cereda, President and CEO, IBM Italy
With this new alliance, a path is born that leads the banking sector towards a future full of new professional skills and opportunities offered today by innovation and technological progress.

Ray is a news editor at The Fast Mode, bringing with him more than 10 years of experience in the wireless industry.

For tips and feedback, email Ray at ray.sharma(at)thefastmode.com, or reach him on LinkedIn @raysharma10, Facebook @1RaySharma

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