ESAF Small Finance Bank selects Kyndryl to power its IT transformation and digital banking

Kyndryl has been selected by ESAF Small Finance Bank, a new age bank with over nine million customers and 787 branches across India, to transform and manage the mission-critical technology that underpins its operations and future banking capabilities.

Kyndryl Consult, Kyndryl’s technology advisory services, and Kyndryl Vital, the Company’s innovative design-led co-creation approach, will support ‘StratoNeXt,’ ESAF Bank’s digital initiative to modernise its technology. Through this partnership, Kyndryl will engage with ESAF Bank to build a modern, regulatory-compliant infrastructure and update and migrate enterprise applications to this new environment – enabling greater agility, high-availability and sustained innovation.

Lingraju Sawkar, President, Kyndryl India, said, “India’s growing rural banking sector is a key pillar to address the increasing demand for affordable credit. Our deep expertise in technology and experience in managing mission-critical banking and financial services systems in India uniquely positions Kyndryl to support ESAF Bank ...