Spanish banking group BBVA has signed a partnership deal with technology provider Cisco, under which Cisco will become the bank’s priority technology partner and support its digital transformation process.
BBVA in a statement that the partnership will enable the bank to reach alliances that will help speed up adoption of innovative technologies, digitisation of its business as well as the global upgrading, deployment and operation of solutions.
The two companies will also collaborate technologically to develop the products and services.
The agreement will streamline collaboration along three major lines, namely networking, unified collaboration solutions, and connectivity, the Spanish lender added.
BBVA CEO Carlos Torres Vila said: "This agreement with Cisco is part of our strategy of partnering with global solutions providers and create a new ecosystem with large partners, capable of supporting our transformation process."
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.
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