Spanish banking major Banco Sabadell has forged an information technology (IT) partnership with IBM to enhance its digital banking solutions and services in Mexico.

The bank will leverage IBM Cloud and Red Hat Enterprise Linux to host its IT infrastructure without a physical branch and improve its applications for end consumers.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

IBM will help the 100% mobile bank in Mexico streamline its flagship banking-as-a-service (BaaS) model while reinforcing security and compliance readiness.

The BaaS model is powered by IBM’s API Connect solution, which helps the bank create new online financial services and apps for its clients.

IBM Latin America general manager Ana Assis said: “IBM’s secured and open public cloud strategy, combined with our deep financial services industry experience, will help the bank drive innovation around its operations to provide new and enriched experiences for its clients while helping to reshape the future of banking for the entire territory.”

The latest collaboration will help Sabadell address its need for flexibility, scalability and security to offer an online banking platform with an aim to reach one million clients across Mexico.

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.

Sabadell has already moved its applications to IBM Cloud to manage its banking operations with flexibility and speed for offering better customer experience.

Banco Sabadell COO Fernando Boza said: “We have chosen IBM as our global technology partner to support the development of a modern IT infrastructure based on IBM Cloud, which will allow us to continue offering better services and improving client experience.”