Canadian Imperial Bank of Commerce – Digital Transformation Strategies

Pages: 23 Published: July 20, 2022 Report Code: GDFS0624CA

  • Overview
  • Key Players
  • Contents
  • FAQ
  • Listen
    https://www.ispeech.org

Canadian Imperial Bank of Commerce (CIBC) has been focusing on using artificial intelligence, cloud, blockchain, and online payments to digitally transform its operations. The annual ICT spending of CIBC was estimated at $861 million for 2021. A major share of this spending is earmarked for acquiring software, ICT services and hardware from vendors. CIBC is a provider of personal, small business, and commercial and corporate banking solutions. Under personal banking it offers accounts, overdrafts, credit cards, loans, mortgages, investments, retirement planning, travel and creditor insurance, advisory, and other supporting solutions.

The CIBC digital transformation strategies report will act as a reference point to understand a company/competitor’s digital strategy. It will also help in understanding the digital preparedness of the company against its peers. Information included in these reports are sourced from a mix of our very own internal database and authentic secondary research links such as company’s annual report, presentations, press releases etc. The report covers overview of the company, its digital transformation strategies, technology focus areas, accelerators & in-house labs, technology partnerships, technology introductions, investments, and ICT spending among others.

Digital Transformation Strategies

CIBC focuses on simplifying banking through innovative products and services offered via digital channels. It has launched various initiatives to streamline banking processes through digitization and automation. These include remote cheque deposit for mobile devices, leveraging AI for customer interactions, and adopting cloud to accelerate the delivery of new products and services.

To gain more insights on digital transformation strategies and initiatives of CIBC, download a free report sample

CIBC Technology Theme Focus

CIBC is utilizing a number of emerging technologies including cloud, blockchain, and big data among others to enhance its digital banking capabilities.

CIBC Technology Theme Focus

CIBC Technology Theme Focus

To know about other technology themes under focus for the company, download a free report sample

CIBC Technology Initiatives

CIBC has been involved in several strategic technology partnerships and collaborations, technology developments and roll outs, and technology investments over the last few years. For instance, in 2018, CIBC partnered with Paymi, a card-linking technology provider, to offer cashback to card holders on purchases made at Paymi’s merchant partners. This partnership helps CIBC enhance its customers’ experience by offering rewards and allowing them to automatically spend them on daily purchases.

For more insights on other technology initiatives of CIBC, download a free report sample

CIBC ICT Spend by Function

  • Data center
  • Communications
  • Network
  • Applications
  • End-user computing
  • Management
  • ICT Service desk

CIBC ICT Spend by Function

CIBC ICT Spend by Function

For more insights on ICT spending by function, download a free report sample

CIBC ICT Spend by Channel

  • Internal development and maintenance
  • Technology vendors (direct)
  • Local resellers
  • Telcos
  • ICT services providers/consulting firms
  • Specialist outsourcers
  • Systems integrators

CIBC ICT Spend by Channel

CIBC ICT Spend by Channel

For more insights on ICT spending by channel, download a free report sample

CIBC External ICT Spend by Segment

  • Software (including Cloud SaaS)
  • Hardware (including Cloud Iaas)
  • ICT services
  • Consulting
  • Network and communications
  • Others

CIBC External ICT Spend by Segment

CIBC External ICT Spend by Segment

For more insights on external ICT spending by segment, download a free report sample

CIBC Digital Transformation Strategies Overview

Total ICT Spending 2021 $861 million
ICT Spend by Function Data center, Communications, Network, Application, End-User computing, Management, and Service desk
ICT Spend by Channel Internal development and maintenance, Technology vendors (direct), Local resellers, Telcos, ICT services providers/consulting firms, Specialist outsourcers, and Systems integrators
External ICT Spend by Segment Software (including cloud SaaS), Hardware (including cloud Iaas), ICT services, Consulting, Network and communications, and Others
Technology Theme Focus Cloud, Blockchain, and Big Data

This report provides:

  • Insight into CIBC’s technology activities.
  • Insights of its accelerators & in-house labs.
  • Overview of technology initiatives covering partnerships, technology introductions, and investments.
  • Insights on each technology initiative including technology theme, objective, and benefits.
  • Details of estimated ICT budgets.

Reasons to Buy

  • Gain insights into CIBC’s technology operations.
  • Gain insights into its technology strategies and innovation initiatives.
  • Gain insights into its technology themes under focus.
  • Gain insights into its various partnerships.

Key Players

nCino

Pollinate

Velocity

Microsoft

IBM

Salesforce

Visa

Plaid

Borrowell

Ripple

National Australia Bank

Bank Leumi

Thinking Capital

CanDeal

Wolters Kluwer

SecureKey

Paymi

iGTB

Table of Contents

Table of Contents

Overview

Digital Transformation Strategy

Accelerators and In House Labs

Technology Focus

Technology Initiatives

Investments

Partnership and Investment Network Map

ICT Budget and Contracts

Key Executives

About GlobalData

Frequently Asked Questions

The annual ICT spending of CIBC was estimated at $861 million in 2021.

The key ICT spending categories by function for CIBC are communications, data center, network, applications, end-user computing, ICT service desk, and management.

The key ICT spending categories by channel for CIBC are internal development and maintenance, technology vendors (direct), local resellers, telcos, ICT services providers/consulting firms, specialist outsourcers, and systems integrators.

The key external ICT spending categories by segment for CIBC are ICT services, software (including cloud SaaS), hardware (including cloud IaaS), ICT services, network and communications, consulting, and others.

The key technological theme in focus for CIBC are cloud, blockchain, and big data.

$1495

Can be used by individual purchaser only

$2990

Can be shared globally by unlimited users within the purchasing corporation e.g. all employees of a single company

Get in touch to find out about multi-purchase discounts

reportstore@globaldata.com
Tel +44 (0) 20 7947 2960

GDPR + CCPA Compliant

Personal and transaction information are kept safe from unauthorised use.

Recently Viewed Reports

Looking to stay on top of industry & market trends?

Sign up to receive regular alerts for our latest analysis and reports. No matter your industry focus, you can keep your finger on the pulse with our timely updates.