Enterprise Tech Ecosystem Series: Canadian Imperial Bank of Commerce

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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 $1.02 billion for 2020. 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, 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 enterprise tech ecosystem 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. The information included in these reports is sourced from a mix of our very own internal database and authentic secondary research links such as the company’s annual report, presentations, press releases, etc. The report covers an 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 deposits for mobile devices, leveraging AI for customer interactions, and adopting the cloud to accelerate the delivery of new products and services.

To gain more insights on the 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 cybersecurity among others to enhance its digital banking capabilities.

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 cardholders 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
  • Service desk

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

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

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

CIBC Tech Ecosystem Overview

Total ICT Spending 2020 $1.02 billion
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 cybersecurity

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.

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Table of Contents

Table of Contents

Overview

Digital Transformation Strategy

Accelerators & In-House Labs

Technology Focus

Technology Initiatives

Investments

Partnership & Investment Network Map

ICT Budgets and Contracts

Key Executives

Disclaimer

Frequently asked questions

Enterprise Tech Ecosystem Series: Canadian Imperial Bank of Commerce thematic reports
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