Get 40% Off
👀 👁 🧿 All eyes on Biogen, up +4,56% after posting earnings. Our AI picked it in March 2024.
Which stocks will surge next?
Unlock AI-picked Stocks

Canara Bank partners with Kyndryl to boost digital banking

EditorNatashya Angelica
Published 18/01/2024, 09:44
Updated 18/01/2024, 09:44
© Reuters.

BANGALORE - Canara Bank, a leading financial institution in India, has announced a strategic partnership with Kyndryl, the IT infrastructure services provider, to enhance its banking operations and customer service experience through advanced technology. This collaboration aims to elevate Canara Bank's core banking functions by introducing a range of technological improvements.

As part of the initiative, Canara Bank will implement a unified digital dashboard designed to provide better access to performance metrics, facilitating more informed decision-making. The bank is also set to employ cutting-edge tools for predictive maintenance, which are expected to minimize system downtime and boost overall system availability.

Both K Satyanarayana Raju of Canara Bank and Lingraju Sawkar of Kyndryl India have emphasized the importance of this partnership in achieving operational excellence and ensuring uninterrupted business operations. By leveraging Kyndryl's expertise, Canara Bank aims to strengthen its digital infrastructure, thereby providing high-quality service to its customers.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.