Spain's CaixaBank Teams with IBM Services to Accelerate Cloud Transformation and Innovation in the Financial Services Industry - Seite 2

IBM is bringing its deep financial services industry experience to help generate long term value to CaixaBank and its clients. By leveraging IBM Cloud Pak for Applications, CaixaBank can modernize and create applications with increased agility and security while addressing compliance requirements within a hybrid cloud environment.

"We are pleased to be on this digital transformation journey with CaixaBank, an innovation leader in the banking industry," said Juan Zufiria, Senior Vice President, Global Technology Services. "With this collaboration, we are laying the foundation to build a model, not just for CaixaBank and its millions of customers, but also for the future of the industry. The open cloud environment can allow the bank to accelerate its innovation and offer a more agile way to bring new digital services to its customers with added flexibility and security."

Increased processing capacity and data storage capability
The IBM Cloud Pak for Applications solution is designed to help reduce risk and improve operational resiliency with an estimated processing power and data storage capability of 105,000 terabytes, a capacity equal to 200 times the volume of a digital library with all the books listed in the world in all languages. 

New projects for the joint Innovation Center
Researchers at the CaixaBank-IBM innovation center have previously been exploring technologies for the future of financial services and the recent agreement expands to include with blockchain and quantum computing. Recently, CaixaBank developed a prototype of a machine learning algorithm based on quantum computing to analyze customers based on credit risk. 

This agreement was signed during IBM's Q1, 2020.

Contact Information:

Nuria Teres
Communications, CaixaBank 
[e-mail]
[phone]

Kaveri Camire 
Communications, IBM 
[e-mail] 
[phone]

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