SEOUL, March 22, 2023 — Kyndryl, the world’s largest IT infrastructure services provider, announced that it has completed a 20-month complex project for Korean Re, one of the world’s top-10 reinsurance companies. Kyndryl transitioned the company’s backbone system and information system workloads to a public cloud for the first time in the Korean financial sector. Korean Re’s ‘Core Business System Conversion to Cloud (of entire infrastructure system and information system workloads and key solutions)’ project, which attracted the attention of the Korean financial sector and IT industry, was a challenging project. It required a high level of understanding of the financial sector’s business processes, on-premises environment, competence in hybrid cloud environments, and experience in multi-cloud operations, and spanned 20 months from deployment to stabilization. Through a successful cloud migration, Korean Re has increased the efficiency of its IT operations, improved business processing performance, and secured agile business responsiveness based on digital capabilities. Cloud adoption is gaining interest in the financial sector. According to Korea’s Financial Supervisory Service (FSS), out of 110 domestic financial companies, the number of companies that have adopted cloud has grown steeply from 23 in 2017 to 42 in 2020. With the government’s recent move to […]
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
