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September 15, 2021

CaixaBank signs agreement with IBM to boost digital capabilities

IBM has signed an agreement with CaixaBank , which will see the Spanish bank use IBM Cloud for Financial Services to boost its digital capabilities.

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The US tech firm, which also simultaneously announced its first Cloud Multizone Region (MZR) in Spain, has been a technology partner of CaixaBank for over 50 years.

CaixaBank has onboarded IBM’s MZR to accelerate its hybrid cloud adoption.

This deal will see CaixaBank launch its CloudNow project, which aims to evolve business core applications and boost efficiencies.

CaixaBank CEO Gonzalo Gortazar said: “IBM has become an indispensable partner in the development of CaixaBank’s digital capabilities, not only due to its in-depth understanding of the financial sector’s challenges, but also because it has enabled us to advance into future of banking.

“This collaboration has helped us to combine our current technological infrastructures with an updated environment boosted by cloud technology and artificial intelligence.

“The new MZR is a key milestone to keep offering our 21 million customers the best user experience we can while maintaining the highest levels of information confidentiality and protection.”

With a view to scale up hybrid cloud adoption, IBM’s new MZR is intended to allow clients in Europe to deploy mission-critical workloads with security.

The clients will also be able to address their data sovereignty and regulatory compliance requirements.

The IBM Cloud for Financial Services comes with built-in security and compliance controls.

These controls help firms to cut down regulatory barriers with regard to  IT landscape and application modernisation.

As a part of this deal, Kyndryl, an independent public company that will be created after separation of IBM’s Managed Infrastructure Services business, will help CaixaBank to integrate the new hybrid cloud model.

IBM MZRs comprises three or more data centres with each acting as an individual Availability Zone.

This is fashioned in way so that a single failure event can impact only a single data centre instead of all zones, thereby enabling consistent cloud services to help clients run mission-critical workloads.

Free Whitepaper
img

Never Trust, Always Verify: Is Zero Trust the Next Big Thing in Cybersecurity?

Cyberattacks continue to rise every year and no sector seems to be immune. Hackers target sensitive information such as organizational, client, and financial data, as well as intellectual property (IP) and proprietary functions. As digital transformation becomes a top priority for many organizations, traditional perimeter-based security models are no longer sufficient to address the growing cybersecurity concerns. Against the backdrop, enterprises explore zero trust as it takes a micro-level approach to authenticate and approve access at every point within a network. Reasons to read: The cybersecurity landscape is swiftly changing, and businesses need more awareness to meet the evolving change. The report highlights the current state of play and the future potential of the zero trust approach in cybersecurity to protect critical digital infrastructure of enterprises across sectors such as financial services, healthcare, telecom, and transportation, among others. Read our report and gather insights on the following topics:
  • Traditional vs zero trust protection
  • Key advantages and solution providers
  • Major industries and key players
  • Drivers and challenges
  • Top funded startups and Mergers & Acquisitions
  • Implementation challenges
by GlobalData
Enter your details here to receive your free Whitepaper.

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