20 November 2017
visit www.aciworldwide.com

BBVA travels deeper into the cloud

21 October 2016  |  10396 views  |  0 Cloud plug

BBVA has inked a global agreement with Amazon Web Services (AWS), pitching its digital transformation strategy deeper into the cloud.

The cloud technology agreement, which turns AWS into a priority partner for BBVA, is part of a series of alliances that the Spanish bank is aiming to forge with strategic partners. Earlier this year, BBVA announced its first such global alliance with Cisco to cover its global networking needs, following up with a deal with Red Hat on the introduction of an open source multi-cloud-based operating environment.

BBVA has already been working with Amazon on the movement of data intensive applications to the cloud, porting its analytics application for retailers Commerce 360 to AWS.

Ricardo Moreno, global head of BBVA Engineering says the shift is intended to help the bank handle an exponential growth in digital transaction, from 542 million per day currently, to over one billion in 2017.

“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,” he says. “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.”

Concurrent with the new deal, BBVA will set up a ‘Cloud Community’ to "improve knowledge sharing and adherence to architectural and security policies and standards, ensuring regulatory compliance," Moreno adds.
KeywordsCLOUD

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

BBVA creates user-experience centre in Dallas

BBVA creates user-experience centre in Dallas

28 September 2016  |  7220 views  |  0 comments | 8 tweets | 12 linkedin
BBVA in management reshuffle for digital banking push

BBVA in management reshuffle for digital banking push

28 July 2016  |  11736 views  |  0 comments | 15 tweets | 13 linkedin
BBVA explains scrum culture initiative

BBVA explains scrum culture initiative

01 July 2016  |  14835 views  |  0 comments | 18 tweets | 30 linkedin
BBVA bets on the cloud for digital transformation

BBVA bets on the cloud for digital transformation

25 May 2016  |  8509 views  |  0 comments | 14 tweets | 16 linkedin
Former Simple exec joins BBVA as head of Open API

Former Simple exec joins BBVA as head of Open API

24 February 2016  |  8267 views  |  0 comments | 16 tweets | 8 linkedin
BBVA increases newly independent fintech venture fund to $250m

BBVA increases newly independent fintech venture fund to $250m

11 February 2016  |  13405 views  |  1 comments | 19 tweets | 13 linkedin
Digital transformation driving earnings at BBVA

Digital transformation driving earnings at BBVA

03 February 2016  |  19343 views  |  0 comments | 50 tweets | 46 linkedin
Banks need to develop new core competencies to survive - BBVA COO

Banks need to develop new core competencies to survive - BBVA COO

23 October 2015  |  11279 views  |  0 comments | 27 tweets | 18 linkedin

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.atos.netvisit www.vasco.comvisit www.aciworldwide.com

Top topics

Most viewed Most shared
Ripple boss predicts central bank adoption of blockchainRipple boss predicts central bank adoption...
18447 views comments | 28 tweets | 31 linkedin
Singapore central bank open sources blockchain prototypesSingapore central bank open sources blockc...
12733 views comments | 16 tweets | 29 linkedin
AmEx partners Ripple and Santander for blockchain-enabled cross-border paymentsAmEx partners Ripple and Santander for blo...
11296 views comments | 15 tweets | 41 linkedin
UK cryptocurrency exchange startup launches debit card for spending bitcoinUK cryptocurrency exchange startup launche...
9126 views comments | 26 tweets | 37 linkedin
Barclays warns of unprecedented online fraud this ChristmasBarclays warns of unprecedented online fra...
8512 views comments | 15 tweets | 31 linkedin

Featured job

Find your next job