The bank’s new digital banking platform, Isybank, forms part of its 2022-25 business plan. Isybank will provide 4 million customers in Italy with a wide range of digital banking services, while driving a structural cost reduction for the Group.
Intesa Sanpaolo made a £40 million investment in tech company Thought Machine to provide a core banking engine, Vault Core, to power Isybank. The bank is now considering extending Thought Machine’s platform into its wider infrastructure as it continues to invest heavily in digital transformation, replacing mainframe-based core technology and moving to cloud infrastructure.
Using Google technology, the bank is innovative in its approach to its new data centres, utilising AI services to streamline operations, among other initiatives. Basing the bank’s cloud in Italy near to Intesa Sanpaolo’s home base will enable a better service.
Skyrocket will set Intesa Sanpaolo on a path of intelligent transformation while continuing to support the bank’s fundamental principles of providing quality products that support the growth of society – whether in business, personal banking or the circular economy.
