Banco de Crédito del Perú (BCP) has embarked on a massive technological leap by planning a $650 million investment in cloud modernization over the next five years. This strategic move involves partnering with tech giants Microsoft and Kyndryl to overhaul BCP’s internal systems using hybrid cloud technology. Utilizing Microsoft Azure, the largest bank in Peru aims to create a more agile and available IT application environment. This modernization effort is set to transform BCP’s digital channels, substantially benefiting its retail and corporate banking, insurance, and pension sectors. As a significant player with $47.14 billion in assets, BCP’s upgraded infrastructure is expected to provide customers with a smoother and faster online and mobile experience. CEO Diego Cavero emphasized the role of digitalization in bridging financial gaps and driving financial inclusion and growth.
Digital Transformation for Financial Inclusion
This substantial investment by BCP marks one of the most significant technology endeavors in Latin America’s financial services sector. The primary objective of the cloud modernization initiative is to enhance the customer experience across various digital platforms. By leveraging hybrid cloud technology, BCP aims to ensure the reliability and efficiency of its digital services. With an emphasis on financial inclusion, the bank is keen on supporting customer development and expanding access to financial products and services. The partnership with Microsoft and Kyndryl is expected to drive innovation, helping BCP stay competitive in the rapidly evolving digital landscape. The initiative underscores BCP’s commitment to leveraging cutting-edge technology to meet the growing demands of its customer base and contribute to the overall growth of the Peruvian financial ecosystem.
