Irish lender Allied Irish Banks (AIB) has signed a €65m three-year agreement with technology giant IBM to accelerate its ongoing digital transformation.

The partnership will see IBM provide AIB with its IBM z15 compute platform and technology portfolio.

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Additionally, the investment is aimed at enhancing AIB’s cyber resilience and fraud detection capabilities.

IBM Ireland country general manager Deborah Threadgold said: “The IBM z15 is a key part of the bank’s overall hybrid cloud strategy and will enable AIB to efficiently and securely manage traditional operations and provide AIB’s highly experienced team the tools to deliver new digital services in a very agile manner.”

IBM’s technology portfolio comes with Cloud Pak solutions and the capability to offer services using Red Hat OpenShift.

It also comes with data analytics and process automation tools to complement AIB’s business requirements and technology roadmap, IBM added.

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AIB group chief technology officer Fergal Coburn said: “As we accelerate into the future of banking, we need the most advanced technology to underpin our ongoing digital transformation efforts. IBM technology has been the backbone of our service delivery for over 30 years and this agreement maintains our relationship in the innovation space.”

AIB group director of enterprise technology & cloud engineering Graham Fagan said: “Our hybrid cloud strategy is helping us to simplify our technological infrastructure so that we can move and manage data, services and workflows across multiple clouds and on-premise platforms. The IBM products and services we are acquiring allow us to further extend that hybrid cloud ambition in an innovative, agile, secure and compliant manner.”