Spanish private banking firm Banco Sabadell has selected IBM Services to offer new digital client experiences via hybrid cloud strategy.

The ten-year services deal will help Banco Sabadell increase digitisation capabilities and support the evolution of its business model with IBM cloud capabilities.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

The deal is part of the Spanish bank’s plans to transform its IT infrastructure to a modern technology platform that combines its data and applications.

Banco Sabadell will use IBM cloud capabilities to modernise its IT environment and migrate its existing applications to a hybrid cloud environment.

The move will allow the bank meet the cybersecurity standards and regulatory changes.

Apart from IBM Services, Red Hat OpenShift technology will also support the bank in handling a hybrid cloud environment to deploy on-container architecture, new cloud-native applications and modernise the existing ones.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Banco Sabadell chief operations and people officer Miguel Montes said: “This agreement with IBM helps enable us to advance into the modernization and transformation of our technology infrastructure and in the simplification of our operational model.

“With this, we are not only continuing to increase our resilience, security and scalability capabilities, but we can also adopt key elements of the new technology paradigm like cloud, the intense use of data and artificial intelligence.”

IBM has also been selected to manage Banco Sabadell affiliate TSB Bank’s technology in the UK.

Banco Sabadell has a network of over 2,400 branches, with more than €220bn in assets and 12 million customers.