BBVA and Kyndryl renew service agreement with new joint ventures in Spain and Mexico
BBVA announced the renewal of its technology services agreement with Kyndryl, the leading provider of enterprise technology services, and the creation of two joint ventures in Spain and Mexico. Thanks to this agreement, the bank will improve user experience, invest in talent and guarantee the stability, security, resilience and robustness of its IT operations.
This partnership combines BBVA’s experience and expertise with Kyndryl’s latest IT innovations and operational practices to strengthen the bank’s leading position in the finance industry.
The main goal of this partnership is to ensure optimal management of the bank’s processing system infrastructure with the highest standards of quality, service and security, thus allowing the bank to address new regulatory requirements and emerging market trends. The collaboration also incorporates artificial intelligence capabilities for applications such as optimizing operations and anticipating incidents.
This partnership will not only enhance user experience and offer our customers continuous, reliable and secure service, but also ensure the stability and robustness of IT operations. This collaborative model puts BBVA in a position to lead, drive and accelerate the transformation of the finance sector, leveraging the latest technologies and operational practices to remain at the cutting edge.
“This agreement is a clear sign of how we view partnerships at BBVA: as relationships that go far beyond the traditional supplier-client model. Kyndryl has become a strategic partner that will help reinforce our ability to operate at the highest levels of resilience, flexibility and efficiency in an environment where market, technology and regulatory trends evolve at lightning speed,” said Carlos Casas, Global Head of Engineering (CIO).
“We are very proud that an institution of BBVA’s global standing has placed its trust in Kyndryl and in its technology consulting services, Kyndryl Consult, to work hand in hand with its team to support the ongoing transformation of its systems,” said David Soto, President of Kyndryl Spain and Portugal, adding that “We are committed to driving the bank’s innovation and expanding its ecosystem with the world’s top technological suppliers to create even more value for its customers.”