BBVA partners with Google Cloud to boost security strategy

Spanish lender BBVA has forged strategic alliance with Google Cloud to enhance its security strategy and infrastructure.

Through this global partnership, BBVA will leverage Google Cloud’s Artificial Intelligence (AI) and Machine Learning (ML) capabilities to provide a secure banking experience by predicting and preventing cyberattacks.

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The bank would deploy Google Cloud’s security analytics platform Chronicle, which acts as a single place to store, predict and analyse security threats.

BBVA chief security officer Álvaro Garrido said: “This partnership represents a leap forward for the bank and allows us to be at the forefront in preventing threats to the security of our financial infrastructure and our clients.

“The platform surprised us in its ability to quickly and accurately mitigate possible threats. Google Cloud’s Chronicle meets our expectations and will be a magnificent partner in this transformation of our security posture, just as Google Cloud has been in other areas of the bank.”

Additionally, the Spanish bank will integrate its security platform with Google Cloud’s AI platform to launch ‘Security Operations Center (SOC) of the Future’ initiative.

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Google Cloud VP global financial services industry Derek White said: “The Chronicle platform was built to help companies like BBVA improve its security infrastructure, leveraging the speed and scalability of Google Cloud’s technology.

“This collaboration will solidify Chronicle as one of the key pillars of BBVA’s security infrastructure and will support its strategy in offering its customers a trusted approach to products and services.”

Both BBVA and Google cloud have a long-standing relationship since 2011.

Last year, BBVA partnered with Google to offer digital bank accounts to customers through Google Pay.