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Banco Sabadell signs ten year agreement with IBM to boost client experience

Spanish private banking group, Banco Sabadell has announced the signing of a ten-year services agreement with IBM Services in a bid to fuel the bank’s digitization and assist in its business model enhancement with IBM cloud capabilities.

“This agreement with IBM helps enable us to advance into the modernization and transformation of our technology infrastructure and in the simplification of our operational model. 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,” said Miguel Montes, Banco Sabadell Chief Operations and People Officer.

The bank states that the partnership will allow it to migrate its existing applications to a hybrid cloud environment, meet required cybersecurity standards and continuous regulatory changes.

“We are excited to collaborate with Banco Sabadell to help advance its cloud journey that can bring innovation to meet the everchanging demands of its clients and help address the complex security and regulatory requirements of today’s financial industry. An open hybrid cloud platform, built and managed with IBM Services’ industry experience, can help lay the foundation for financial services providers to respond to the challenges of the industry and position them to securely integrate with IBM financial services-ready public cloud capabilities in the future, “said Juan Zufiria, Senior Vice President of IBM Global Technology Services.

Red Hat OpenShift technology, in collaboration with IBM Services, will support Sabadell in its hybrid cloud management. Along with this, the Bank’s UK affiliate TSB also signed a contract with IBM.

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