Credicorp enhances and modernizes IT infrastructure with Kyndryl

LIMA, Peru, August 18, 2026 - Kyndryl (NYSE: KD), a leading provider of mission-critical enterprise technology services, and Credicorp, the leading financial services holding company in Peru, with operations in Chile, Colombia, Bolivia, and Panama, today announced a new collaboration to modernize the group's technology environment with cloud and AI and standardize management across Credicorp's companies. By incorporating AI-enabled operations, this project will help anticipate incidents, optimize performance and support continuous improvement across all group companies, strengthening resilience as well as the availability and continuity of the digital services they provide to their customers.

Large financial services groups face increasing pressure to operate resilient and scalable technology environments while managing legacy complexity and costs. To address these challenges, Credicorp worked with Kyndryl to co-create and implement a corporate technology management model that reduces fragmentation across operating companies, strengthens connectivity and enables better use of shared data and insights across the group. The new model is designed to support long-term modernization and cloud migration under the direction of Kyndryl Consult.

"As a diversified financial group, we needed a technology model that could scale across our companies while maintaining operational stability," said André Rezende, Credicorp Corporate CTO. "Working with Kyndryl will allow us to move toward a unified approach to technology management, improving efficiency, reducing complexity and strengthening our ability to respond to changing business demands."

"Modernization initiatives in complex, regulated environments require a careful balance between transformation and operational continuity," said Rodolfo Armellini, Managing Director, Kyndryl Latin America Southwest. "Our work with Credicorp shows how a collaborative and scalable operating model - supported by AI-driven operations - can reduce complexity, improve efficiency and establish a strong foundation for cloud adoption, while maintaining operational stability."

As part of the initiative, Kyndryl will leverage Kyndryl Bridge, its AI-powered, open-integration digital platform, to help Credicorp integrate, observe and orchestrate its technology environment.

The corporate model aligns Credicorp's strategic leadership with execution across its companies, supported by dedicated technical teams. By standardizing processes, increasing automation and consolidating service management under a single operating framework, Credicorp is addressing growth-related challenges such as managing diverse technology environments, while accelerating time to market for new capabilities and better preparing the group for future cloud migrations.

The collaboration builds on Kyndryl's experience supporting large enterprises with complex technology environments and reflects a shared focus on long-term resilience, efficiency and continuous modernization - helping Credicorp strengthen the technology backbone that supports secure, reliable and scalable services for its customers.