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KeyBank Continuing Digital Transformation With Kubernetes

Company Release - 10/9/2018 4:15 PM ET

CLEVELAND, Oct. 9, 2018 /PRNewswire/ -- KeyCorp (NYSE: KEY) is continuing its investment in next generation application management software with the latest capabilities in Kubernetes, an open-source solution that will assist KeyBank in delivering new features quicker, more efficiently and more securely for KeyBank clients through its digital platforms.

KeyBank (PRNewsFoto/KeyCorp) (PRNewsfoto/KeyCorp)

KeyBank will collaborate with Google Cloud on their Cloud Services Platform. Cloud Services Platform brings the benefits of Kubernetes's open source container orchestration, and Istio's open source service mesh, to KeyBank's datacenters; making our systems more reliable, more secure, and delivering new capabilities faster, with little to no disruption to our clients.

Cloud Services Platform is hybrid cloud software for application modernization from Google that provides consistent, automated operations on-premises and in the cloud. It combines Kubernetes and Istio with Google's infrastructure, security and operations practices to increase velocity, improve reliability and manage governance at scale. Cloud Services Platform is extensible through an open ecosystem.

"We are creating a new kind of bank for our customers, and Google's creation of Kubernetes and Istio made them the obvious cloud to collaborate with as we look to bring containerized applications into our data centers," said Keith Silvestri, Chief Technology Officer. "Using Cloud Services Platform for our hybrid deployment will be like having hundreds of Google developers all working to build us the best platform for delivering modern banking services to our customers."

About KeyCorp
KeyCorp's roots trace back 190 years to Albany, New York. Headquartered in Cleveland, Ohio, Key is one of the nation's largest bank-based financial services companies, with assets of approximately $137.8 billion at June 30, 2018. Key provides deposit, lending, cash management, and investment services to individuals and businesses in 15 states under the name KeyBank National Association through a network of approximately 1,200 branches and more than 1,500 ATMs. Key also provides a broad range of sophisticated corporate and investment banking products, such as merger and acquisition advice, public and private debt and equity, syndications and derivatives to middle market companies in selected industries throughout the United States under the KeyBanc Capital Markets trade name. For more information, visit https://www.key.com/. KeyBank is Member FDIC.

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