For Sabadell, the deal is intended to simplify the Spanish bank's dispersed technological infrastructure so that it can move and manage data, services and workflows across multiple clouds, overcoming the traditional friction between applications and infrastructure.

"This agreement with IBM helps enable us to advance into the modernisation and transformation of our technology infrastructure and in the simplification of our operational model," says Miguel Montes, Banco Sabadell chief operations and peopleoOfficer. "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."

The bank will utilise Red Hat OpenShift technology, together with IBM Services, in order to deploy on-container architecture and a host of new cloud-native applications.

At TSB, the agreement with IBM follows the Bank’s pledge to invest £120 million to transform digital channels over the next three years, and builds on TSB’s commitment in March 2019 to consolidate its IT operations and optimise how it runs its IT infrastructure and supplier relationships.

The services agreement will see IBM build and manage TSB’s private cloud environment, running services across TSB’s core banking platforms with all of the infrastructure being operated and managed by IBM under supervision by TSB, rather than its Spanish parent, which was heavily implicated in last year's IT fiasco.

As part of this move, TSB will itself also create a new Technology Centre in Edinburgh, bringing around 100 new IT jobs to the region, including technical specialists, data engineers and analysts, and IT run specialists. The new Technology centre will be based in Henry Duncan House in George Street, opening in April 2020.