Industry

Payment system operator becomes “digital factory” with IBM Cloud Private

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KIBS cloud privateKlirinskiinterbankarskisistemi AD Skopje (KIBS), a payment system operator based in Macedonia, will consolidate and transform its resources into a “digital factory” that can run modern, cloud-native applications with the help of IBM Cloud.

“This transformation is hoped to reduce time to market for new digital products from 18 months to three to four months, while optimizing operating costs,” Global Banking & Finance Review reported about the company’s new cloud initiative.

Specifically, KIBS, which is owned by 12 regional and multinational banks, will use IBM Cloud Private to bring existing systems to the cloud while maintaining regulatory, security and availability standards.

“By selecting IBM Cloud Private over competitive offerings, we believe we are better positioned to enable a collaboration within an ecosystem of organizations in our country and … seamless and secure interactions across different online channels,” said Goran Anastasovski, general manager of KIBS.

For more about how KIBS will use IBM Cloud Private to speed the development of digital services, read Global Banking & Finance Review‘s full article.

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