CaixaBank takes its relationship with IBM Services to the next level to boost innovation in the financial industry

Spanish and Portuguese CaixaBank has signed an agreement with IBM Services to accelerate its hybrid cloud journey and to strengthen the bank’s capability to develop innovative and digital-first solutions.

The deal will see CaixaBank leverage IBM’s Cloud Pak for applications running on Red Hat OpenShift to manage workloads and applications across its overall cloud infrastructure. The bank also agreed to continue to work with IBM in their joint innovation centre to apply advanced technologies like AI, and additionally explore quantum computing and blockchain solutions.

The two companies have been working together since 2011 when IBM became a strategic technology provider for CaixaBank.

“Our company, the leader in digital customers in Spain, has renewed our relationship with IBM to allow us to continue innovating and transforming the way we interact with our customers,” said Gonzalo Gortázar, CEO of CaixaBank. “By strengthening and expanding the collaboration with a company that is a global model in innovation for the finance industry, we will accelerate, even further, our digital capabilities to continue developing innovative projects and services.”

Juan Zufiria, senior vice president of global technology services at IBM, added, “We are pleased to be on this digital transformation journey with CaixaBank, an innovation leader in the banking industry. With this collaboration, we are laying the foundation to build a model, not just for CaixaBank and its millions of customers, but also for the future of the industry. The open cloud environment can allow the bank to accelerate its innovation and offer a more agile way to bring new digital services to its customers with added flexibility and security.”

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