BBVA recently signed a global strategic agreement with Telefonica that will allow the bank to optimise its communications, increase the capacity of its technological network and facilitate operations in the “cloud.”
The move adds to the series of alliances that the Group is making with strategic partners, in order to become a more flexible and scalable digital bank. BBVA CEO Carlos Torres Vila and Telefonica COO Angel Vila Boix signed the agreement in Madrid.
“Communication and technology are key levers for BBVA as we progress in our transformation process, in order to offer our clients digital products and services that will help them reach their goals. This agreement with Telefonica reinforces our strategy of becoming the bank with the best solutions for making a positive impact on peoples’ lives,” said Vila.
Boix added: “BBVA is an international benchmark in digital transformation in its sector and we are very pleased to collaborate in this process as a strategic partner. This agreement is another example of Telefonica’s objective of offering our customers the best solutions to optimise their communications and technological processes so that they can continuously adapt them to their needs.”
For BBVA, selecting a single partner for its global communications network provides advantages in terms of agility, simplicity and efficiency and allows the Group to take maximum advantage of the possibilities of cloud computing.
In this way, BBVA continues to strengthen its network of alliances with priority technological partners, which was initiated in 2016 and includes leading companies such as Cisco, Red Hat, Amazon Web Services and IBM.