Spanish banking group BBVA has signed an agreement with Telefónica that will allow the bank to optimise its communications, increase the capacity of its technological network and facilitate operations in the cloud.

As part of the deal, BBVA will convert its current communications network to a ‘service platform’ mode that will aim to improve the capacity and the management of the group’s global communications. In addition, it will guarantee the new bandwidth needs required by the cloud environments and by the exponential increase in transactions.

For BBVA, selecting a single partner for its global communications network provides advantages in terms of agility, simplicity and efficiency, and allows the group to take advantage of the possibilities of cloud computing.

Carlos Torres Vila, BBVA CEO, said: “Communication and technology are key levers for BBVA as we progress in our transformation process, in order to offer our clients digital products and services that will help them reach their goals. This agreement with Telefónica reinforces our strategy of becoming the bank with the best solutions for making a positive impact on peoples’ lives.”

Telefónica COO, Angel Vilá Boix, added: “BBVA is an international benchmark in digital transformation in its sector and we are very pleased to collaborate in this process as a strategic partner. This agreement is another example of Telefónica’s objective of offering our customers the best solutions to optimise their communications and technological processes so that they can continuously adapt them to their needs.”

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