MADRID and ARMONK, N.Y., Jan. 15,
2020 /PRNewswire/ -- Today, Banco Sabadell,
Spain's fourth largest private
banking group, and IBM Services (NYSE: IBM) announced the
signing of a ten-year services agreement designed to help the bank
boost digitization and support the strategic evolution of its
business model with IBM cloud capabilities.
The financial services industry can face intense challenges
related to regulatory compliance, the emergence of new business
models and the demand for the digitalization of financial
consumption. With IBM, Banco Sabadell plans to transform its IT
infrastructure to a modern technology platform that integrates all
its data and applications enabling a broader client-centric
view.
The new agreement extends IBM's relationship with Banco Sabadell
and is planned to make it possible to leverage IBM cloud
capabilities, helping drive modernization of the bank's IT
environment. IBM Services will help Banco Sabadell migrate its
existing applications to a hybrid cloud environment, meeting
required cybersecurity standards, to help it meet continuous
regulatory changes.
The collaboration is intended to simplify the bank's dispersed
technological infrastructure so that it can move and manage data,
services and workflows across multiple clouds to allow it to
continue to offer its global clients its products and services in a
manner that is focused on speed fast, security and compliance.
"This agreement with IBM helps enable us to advance into the
modernization and transformation of our technology infrastructure
and in the simplification of our operational model," said
Miguel Montes, Banco Sabadell Chief
Operations and People Officer. "With this, we are not only
continuing to increase our resilience, security and scalability
capabilities, but we can also adopt key elements of the new
technology paradigm like cloud, the intense use of data and
artificial intelligence."
Red Hat OpenShift technology, together with IBM Services, will
also support Sabadell in managing a hybrid cloud environment to
deploy on-container architecture, new cloud-native applications and
modernize current ones designed for more flexibility and speed to
help drive a more agile customer-oriented innovation.
This solution provides capabilities such as scalability to help
face the continuous increase in demand for resiliency and security
provided by cloud solutions, and speed to launch new digital
projects to overcome the traditional friction between applications
and infrastructure.
"We are excited to collaborate with Banco Sabadell to help
advance its cloud journey that can bring innovation to meet the
everchanging demands of its clients and help address the complex
security and regulatory requirements of today's financial
industry," said Juan Zufiria, Senior Vice President of IBM Global
Technology Services. "An open hybrid cloud platform, built and
managed with IBM Services' industry experience, can help lay the
foundation for financial services providers to respond to the
challenges of the industry and position them to securely integrate
with IBM financial services-ready public cloud capabilities in the
future."
In parallel TSB, the United
Kingdom affiliate of Banco Sabadell, signed a contract where
IBM will manage the bank's technology in the UK.
IBM and Banco Sabadell signed this transaction in IBM's
fourth quarter of 2019.
About Banco Sabadell
With a history stretching back
138 years, Banco Sabadell is Spain's fourth largest banking group and one
of the best capitalized Spanish financial institutions. Banco
Sabadell has assets in excess of 220 billion
euros, a network of more than 2,400 branches and has earned
the trust of 12 million customers.
Banco Sabadell has gone through a historic period of growth in
the last decade, demonstrating its strength and its international
footprint, as well as expanding into Mexico and the United Kingdom, where it acquired TSB Bank in
2015.
About IBM Cloud
With over $20B in annual cloud
revenue, IBM has built a leading enterprise hybrid cloud business.
This includes a comprehensive range of as-a-service offerings,
software, hardware and professional services that enable IBM to
advise, move, build and manage cloud solutions across public,
private and on-premises environments. Through its global network of
more than 60 cloud data centers across 19 countries and 18
availability zones across 6 regions, IBM public cloud helps
enterprises in all industries to meet security, resiliency,
performance, and global deployment requirements. Built on an open
source, multitenant environment, clients have secured access to an
enterprise-grade IaaS and a leading PaaS that provides them with
the latest developer capabilities and ready-to-go innovation
engines. This includes more than 190 cloud-native APIs, such as AI,
blockchain, IoT, serverless and quantum computing, and consistent
function all the way to the edge. Several financial institutions
including BNP Paribas, Bank of America,
Westpac and others are already working with IBM on their
public cloud journey. BNP has strengthened its ability to
subscribe to "As a Service" IT services through the IBM Public
Cloud.
For more information, visit https://www.ibm.com/cloud/public
Contact:
Patricia Núñez +34 91 397 77 82
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SOURCE IBM