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The global digital technology leader IBM announced that IBM Services is collaborating with the Korean credit card company, Lotte Card to transform its entire enterprise system, including mission critical and core financial accounting systems, to a hybrid cloud environment. Lotte Card provides services to a wide network of retailers including department stores, hypermarkets and cinemas.

  • Lotte Card to modernize core functions with IBM Cloud to help drive Innovative Services for Cardholders
  • By using cloud native technology from IBM and Red Hat Openshift to migrate its core business applications to a managed private cloud, Lotte Card aims to achieve greater visibility, scalability, security and speed while reducing costs, risk and complexity to its IT infrastructure so it can deliver innovative services to its clients.
  • With several economic, demographic, regulatory and technological factors in play, the Cards & Payments industry is witnessing rapid innovation across the value chain.

The major partnerships and expansions by IBM are featured below:

May 2020: India’s leading telecom firm Bharti Airtel has announced that IBM and Red Hat will build its new telco network cloud, designed to make it more efficient, flexible and future-ready to support core operations and enable new digital services.

February 2020: IBM has announced a strategic investment in a leading global quantum computing company Cambridge Quantum Computing (CQC). The latest investment comes after years of collaboration between CQC and IBM’s quantum computing team.

January 2020: IBM announced the opening of its Automation Innovation Center (AIC) in India at the company’s Pune facility. The AIC is a state-of-the-art facility themed around Intelligent Automation and Future of Work, with experiential demonstration centers showcasing IBM’s flagship Automation Platform, Digital Worker suite of solutions, Automation Operations Command Center for monitoring and managing bots, and co-creation zone for quick Design Thinking with visiting clients. The new AIC also showcases industry vertical solutions for Banking, Telco, Insurance, Retail, CPG, Healthcare etc.

December 2019: IBM collaborated with Vodafone Idea Business Services (VIBS) the enterprise arm of Vodafone Idea Ltd. (VIL), in India to launch Vodafone Secure Device Manager (VSDM), powered by IBM Security MaaS360, a Unified End-point Management (UEM). As per agreement with Vodafone, VIBS will leverage IBM Security MaaS360 to deliver an AI approach to UEM to enable endpoints, end-users, and everything in between including apps, content, and data.

October 2019: IBM, TBCASoft, and SoftBank Corp. announced a strategic collaboration to support the transformation of the telecommunications industry intended to use cross-carrier blockchain technology designed to enable new synergies throughout the industry, provide new services to telecom carriers and their subscribers across the world.

About IBM
International Business Machines (IBM), is a global technology company that provides hardware, software, cloud-based services and cognitive computing. IBM is headquartered at New York and has operations in over 170 countries. IBM helped pioneer information technology over the years, and it stands today at the forefront of a worldwide industry that is revolutionizing the way in which enterprises, organizations and people operate and thrive. IBM was founded in June 1911 and has completed its centennial. IBM Research is one of the world’s largest corporate research labs, with more than 3,000 researchers in 12 labs located across six continents.

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