CaixaBank, a financial group in Spain, has selected IBM Cloud for Financial Services in order to launch its CloudNow project which aims to evolve business core applications, improve efficiencies.
IBM has been a technology partner of CaixaBank for more than 50 years.
“IBM is proud to provide CaixaBank with a technology platform that is designed to deliver the highest levels of trust, security and privacy. IBM’s hybrid cloud and AI solutions will help CaixaBank strengthen its business model and improve its customer experience,” said IBM CEO, Arvind Krishna.
IBM Cloud for Financial Services incorporates built-in security and compliance controls to help reduce regulatory barriers impeding IT landscape and application modernization. The platform is designed to speed financial institutions’ transformations while addressing potential systemic industry risks throughout the supply chain.
Kyndryl, a new company that will be created following the separation of IBM’s Managed Infrastructure Services business, will help CaixaBank to integrate their new hybrid cloud model while the bank leverages IBM Global Business Services’ expertise to support their industry innovation capabilities.
IBM also announced its first IBM Cloud Multizone Region (MZR) in Spain. IBM’s Cloud Multizone Region (MZR) is designed to help European companies accelerate the development of intelligent workflows based on IBM’s hybrid cloud approach and RedHat OpenShift.