Wealth and asset management company unveils plans for hybrid cloud infrastructure adoption
IGM Financial is looking to accelerate its five-year path to digital transformation through a newly announced collaboration with IBM. The strategic initiative is expected to result in cost savings and modernize IGM’s business.
As part of its transformation, the company said it has adopted a hybrid cloud infrastructure underpinned by an IBM Z mainframe, aiming to support its mission-critical applications as well as benefit from the security, scalability, and reliability capabilities provided by the IBM Z.
IGM is also deploying IBM Security X-Force Threat Management services, which promises to enable uninterrupted data threat detection across the business through IBM Security QRadar and Resilient.
“We are committed to utilizing technology to enhance the way we work with our clients,” said IGM Financial COO Mike Dibden. “This is why we are partnering with best-of-breed global leaders such as IBM as we implement one of the most comprehensive digital transformation initiatives in our industry.”
Through its work building out new connectivity and enhancing security at IGM, IBM is enabling the wealth and asset management company to provide its clients, advisors, and employees with the type of online and mobile digital experiences they have come to expect in other aspects of their lives.
Aside from access to digital apps, users are said to benefit from client-advisor communication through video conferencing, more rapid processing times for account changes, enhanced transparency and access to information, and a secure operating environment.
“The digitalization of financial services has never been more critical as we face ongoing disruption created by the COVID-19 pandemic,” said Ralph Chapman, vice president of Financial Services, IBM Canada. “IGM Financial is a perfect example of a company whose advance commitment to digital transformation and continued investment in IBM Z for hybrid cloud well-positioned them for the rapid acceleration needed in the midst of a crisis and beyond.”
