Spanish banking group BBVA has inked the second phase of its global contract with IBM to optimise technological infrastructure and data processing across its Latin American and the US operations.

With the latest pact, the bank seeks to speed up the change towards the latest generation of technology platforms, which is presently managed by its ATA affiliate in Mexico.

Under the terms of the contract, assets of the current technological infrastructure, the services and operations of the affiliate companies ATA Servicios and ATA Operadora, and the use of BBVA’s data processing centres in Mexico will be transferred to IBM.

The migration will enable BBVA to progress its cloud computing strategy via the modernisation of its current technological operations and services.

BBVA global head of engineering Ricardo Moreno said: “This agreement allows us to optimize the processing of the Group’s data and use all of IBM’s knowledge and capabilities to continue advancing our transformation and to become a digital entity with great flexibility and scalability that offers the best digital banking services to its customers”.

IBM general manager for global technology services for Latin America Antonio Lubrano, said: “With this agreement, BBVA establishes new levels of technological innovation and digital reinvention in the Latin American banking industry. We are proud of the Bank’s confidence in IBM’s global footprint and capacity to evolve its business model in this new data economy.”