ARMONK, N.Y., Sept.
15, 2021 /PRNewswire/ -- IBM (NYSE:IBM) announced today
its first IBM Cloud Multizone Region (MZR) in Spain and a new agreement with CaixaBank, a
leading financial group in Spain,
to boost the bank's digital capabilities by joining this MZR and
embracing IBM Cloud for Financial Services.
IBM has been a technology partner of CaixaBank for more than 50
years. Under this agreement, CaixaBank will launch its CloudNow
project which aims to evolve business core applications, improve
efficiencies and reinforce its innovative vision of financial
services with increased availability and resiliency.
"IBM has become an indispensable partner in the development
of CaixaBank's digital capabilities, not only due to its in-depth
understanding of the financial sector's challenges, but also
because it has enabled us to advance into future of banking. This
collaboration has helped us to combine our current technological
infrastructures with an updated environment boosted by cloud
technology and artificial intelligence. The new MZR is a key
milestone to keep offering our 21 million customers the best user
experience we can while maintaining the highest levels of
information confidentiality and protection," Gonzalo
Gortazar, CEO of CaixaBank said.
To help scale hybrid cloud adoption, IBM's new MZR is designed
to enable European clients to deploy mission-critical workloads
with high levels of security, and address their data sovereignty
and regulatory compliance requirements. IBM's expanded footprint
signals its continued investment to help foster business growth
in Europe and is expected to create hundreds of jobs in
Spain. IBM continues to support
the EU's efforts to build greater trust in the digital economy.
"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. This partnership is a great example of our commitment
to apply the power of technology to help business and society
thrive," said IBM CEO, Arvind
Krishna.
The IBM Cloud for Financial Services incorporates built-in
security and compliance controls to help companies reduce
regulatory barriers impeding IT landscape and
application modernization. Supported by a growing ecosystem of
more than 100 technology partners and FinTechs, the platform is
designed to speed financial institutions' transformations while
addressing potential systemic industry risks throughout the supply
chain.
As part of this agreement, Kyndryl, the new, independent public
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' deep industry expertise to continuously
support their industry innovation capabilities.
IBM MZRs are composed of three or more data centers with each
being an individual Availability Zone. This is designed so that a
single failure event can affect only a single data center rather
than all zones – allowing for consistent cloud services and greater
resiliency to help clients continuously run mission-critical
workloads. CaixaBank and other enterprises across Europe will have access to our security,
automation, and Red Hat capabilities, along with IBM Cloud's
network, helping clients address their data sovereignty and
compliance regulations as they move along their hybrid cloud
journey.
To learn more about IBM's insights and solutions for the global
banking industry, visit www.ibm.com/banking.
Kaveri Camire
IBM Communications
kcamire@us.ibm.com
Suzanne Cross
IBM Communications
Suzanne.cross@us.ibm.com
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SOURCE IBM