BBVA partners Google Cloud for security infrastructure

BBVA is partnering with Google Cloud to support its new banking security strategy.

The Spanish bank said the deal would make it the first in Europe to deploy Chronicle, Google’s Cloud security analytics platform that allows teams to store and analyse all their security data in one place to detect and investigate threats at scale.

The move, which is part of a business-wide strategy to improve security infrastructure, will see Google Cloud collaborate with BBVA teams to develop AI and machine learning models and a new security platform to predict and prevent cyber attacks against its banking infrastructure.

BBVA has collaborated with Google Cloud to digitally transform its operations since 2011, and is currently using Google Workspace to promote a safer, and more agile collaborative way of working among its employees.

The bank said these tools allow for global collaboration, without putting the information and documentation generated at risk.

Álvaro Garrido, chief security officer, at BBVA said: “This partnership represents a leap forward for the bank, and allows us to be at the forefront in preventing threats to the security of our financial infrastructure and our clients.”

“The platform surprised us in its ability to quickly and accurately mitigate possible threats. Google Cloud’s Chronicle meets our expectations and will be a magnificent partner in the transformation of our security posture, just as Google Cloud has been in other areas of the bank."

    Share Story:

Recent Stories


Safeguarding economies: DNFBPs' role in AML and CTF compliance explained
Join FStech editor Jonathan Easton, NICE Actimize's Adam McLaughlin and Graham Mackenzie of the Law Society of Scotland as they look at the role Designated Non-Financial Businesses and Professions (DNFBPs) play in the financial sector, and the challenges they face in complying with anti-money laundering and counter-terrorist financing regulations.

Ransomware and beyond: Enhancing cyber threat awareness in the financial sector
Join FStech editor Jonathan Easton and Proofpoint cybersecurity strategist Matt Cooke as they discuss the findings of the State of the Phish 2023 report, diving into key topics such as awareness of cyber threats, the sophisticated techniques being used by criminals to target the financial sector, and how financial institutions can take a proactive approach to educating both their employees and their customers.

Click here to read the 2023 State of the Phish report from Proofpoint.

Cracking down on fraud
In this webinar a panel of expert speakers explored the ways in which high-volume PSPs and FinTechs are preventing fraud while providing a seamless customer experience.

Future of Planning, Budgeting, Forecasting, and Reporting
Sage Intacct is excited to present FSN The Modern Finance Forum’s “Future of Planning, Budgeting, Forecasting, and Reporting Global Survey 2022” results. With participation from 450 companies around the globe, the survey results highlight how organisations are developing their core financial processes by 2030.