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IBM, Banca Carige launch $500mn digital transformation venture Dock

Fintech

Banca Carige and global technology services provider IBM have partnered up in a new joint venture, named Dock, that aims to bring new innovative technologies such as AI, big data and analytics to Carige.

The initiative will be rolled out across Carige’s 500 branches that serve more than one million clients, providing Carige with the technology needed to readily respond to evolving business needs.

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“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,” said Paolo Fiorentino, the bank’s CEO.

“With increasing energy we will be able to concentrate on our traditional commercial banking activity and, thanks to an international partner of the highest standing, achieve high standards of business process efficiency, at the forefront of the banking sector.”

The planned solutions will seek to reduce costs by transforming the bank’s technological infrastructure, create a “new generation bank”, automate branch processes and focus on new business opportunity.

Further, in addition to bolstering the Italian firm’s immediate competitiveness, IBM and Carige are also aiming for Dock to become a regional leading solution in the way of expanding industry digital and cloud capabilities in the long term.

“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,” said Enrico Cereda, President and CEO of IBM Italy.

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