Spanish bank BBVA has today announced a global agreement with Amazon Web Services (AWS) that aims to accelerate its global transformation through cloud computing.
The agreement, which is part of a series of accords that the group is forging with strategic providers, turns AWS into the preferred cloud infrastructure services provider for BBVA.
BBVA has already been working with AWS to build a secure, flexible and scalable cloud-based solution that will help meet the exponential growth in transactions that the digital age brings.
BBVA platforms currently manage more than 542 million transactions a day, compared to 90 million in 2006. In 2017 they will be prepared to manage one billion transactions a day in real time.
Ricardo Moreno, global head of BBVA engineering, said: “The digital transformation of our business means that our technology platforms must be prepared to face an exponential transactions growth and cloud computing technologies have much to contribute in this direction.
“Working with AWS and having them accompany us on this journey not just with their products but also with their expertise, will accelerate our transformation.”
The partnership allows BBVA to use all the cloud’s potential while working closely with regulators and supervisors in order to comply with their requirements.
Latest News
-
Gemini to cut quarter of workforce and exit UK, EU and Australia as crypto slump forces retrenchment
-
Bank ABC’s mobile-only ila bank migrates to core banking platform
-
Visa launches platform to accelerate small business growth in US
-
NatWest to expand Accelerator programme to 50,000 members in 2026
-
BBVA joins European stablecoin coalition
-
eToro partners with Amundi to launch equity portfolio with exposure to ‘megatrends’
Creating value together: Strategic partnerships in the age of GCCs
As Global Capability Centres reshape the financial services landscape, one question stands out: how do leading banks balance in-house innovation with strategic partnerships to drive real transformation?
Data trust in the AI era: Building customer confidence through responsible banking
In the second episode of FStech’s three-part video podcast series sponsored by HCLTech, Sudip Lahiri, Executive Vice President & Head of Financial Services for Europe & UKI at HCLTech examines the critical relationship between data trust, transparency, and responsible AI implementation in financial services.
Banking's GenAI evolution: Beyond the hype, building the future
In the first episode of a three-part video podcast series sponsored by HCLTech, Sudip Lahiri, Executive Vice President & Head of Financial Services for Europe & UKI at HCLTech explores how financial institutions can navigate the transformative potential of Generative AI while building lasting foundations for innovation.
Beyond compliance: Building unshakeable operational resilience in financial services
In today's rapidly evolving financial landscape, operational resilience has become a critical focus for institutions worldwide. As regulatory requirements grow more complex and cyber threats, particularly ransomware, become increasingly sophisticated, financial services providers must adapt and strengthen their defences. The intersection of compliance, technology, and security presents both challenges and opportunities.
© 2019 Perspective Publishing Privacy & Cookies
Recent Stories