BBVA Signs Strategic Collaboration with Red Hat to Accelerate the Group’s Global Transformation
May 25 2016 - 6:53AM
Business Wire
BBVA today announced a global strategic collaboration with
global provider of enterprise open source solutions Red Hat, Inc.
(NYSE: RHT) aimed at helping accelerate BBVA's global
transformation and technology-driven innovation processes. The
agreement, which turns Red Hat into a priority partner for BBVA, is
part of a series of alliances that BBVA is aiming to forge with
strategic partners. Red Hat president and CEO Jim Whitehurst and
BBVA Head of Engineering Ricardo Moreno signed the strategic
collaboration during a ceremony in Madrid today.
The partnership is designed to focus on business and technical
alignment to support BBVA to accelerate innovation, manage the
growth of financial transactions on digital devices and deliver
digital banking services to its global customers.
“We are facing a new scenario that requires keeping the customer
at the center of everything we do, and technology is one of the key
levers to tackle this transformation process,” said BBVA Head of
Engineering Ricardo Moreno. “This collaboration agreement with Red
Hat will help us to capitalize on the opportunities offered by
cloud computing technologies, in order to continue making strides
in our process of becoming a more flexible and scalable digital
bank.”
The new IaaS and PaaS-based platform by Red Hat will enable BBVA
to focus on developing applications that can support the heavy
demands of global digital bank services and provide customers with
the service and information they want and when it is needed.
According to Jim Whitehurst, president and CEO, Red Hat, “BBVA
is a fantastic example of a global enterprise that has turned to an
open source-based cloud to drive business innovation through
technology. We are thrilled to collaborate with them on this
journey to transform their business and to help them reach their
goal of becoming the world’s first digital global bank. With a
modern and flexible IaaS and PaaS-based platform, BBVA will be
well-poised to take advantage of the opportunities presented by the
fast-evolving digital economy and help meet growing customer
expectations in these areas.”
The agreement between BBVA and Red Hat will help streamline
collaboration spanning several key areas, including:
Infrastructure-as-a-Service (IaaS):
BBVA has designed an automated, multi-tenant service cloud based on
Red Hat OpenStack Platform, a highly scalable, production-ready
solution that offers an open foundation for cloud deployments. This
infrastructure can help BBVA deliver better, more efficient
services to its clients globally.
Platform-as-a-Service: BBVA and Red
Hat are collaborating to define and build BBVA's global corporate
PaaS architecture based on Red Hat’s OpenShift container
application platform. This PaaS-based architecture can help BBVA to
transform the process to deliver solutions, facilitating the
development and the automated deployment of new solutions.
Cloud management platform: BBVA’s
cloud management platform, based on RedHat CloudForms, will
facilitate the operating and financial management of a multi-cloud
environment.
BBVA and Red Hat plan to work together on training and
enablement initiatives designed to help BBVA manage its
transformation and adopt new technologies, enable knowledge
transfer and offer support.
About BBVA
BBVA is a customer-centric global financial services group
founded in 1857. The Group is the largest financial
institution in Spain and Mexico and it has leading franchises in
South America and the Sunbelt Region of the United States; and
it is also the leading shareholder in Garanti, Turkey’s biggest
bank for market capitalization. Its diversified business is
focused on high-growth markets and it relies on technology as
a key sustainable competitive advantage. Corporate responsibility
is at the core of its business model. BBVA fosters financial
education and inclusion, and supports scientific research and
culture. It operates with the highest integrity, a long-term
vision and applies the best practices. The Group is present in
the main sustainability indexes.
About Red Hat, Inc.
Red Hat is the world's leading provider of open source software
solutions, using a community-powered approach to provide reliable
and high-performing cloud, Linux, middleware, storage and
virtualization technologies. Red Hat also offers award-winning
support, training, and consulting services. As a connective hub in
a global network of enterprises, partners, and open source
communities, Red Hat helps create relevant, innovative technologies
that liberate resources for growth and prepare customers for the
future of IT. Learn more at http://www.redhat.com.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20160525005662/en/
BBVACorporate CommunicationsTel. (+34) 91 374 56
12comunicacion.corporativa@bbva.comFor more information about
BBVAorRed Hat Inc.Corporate CommunicationsStephanie
Wonderlick, +1 571 421 81 69Swonderl@redhat.comLearn more about Red
Hat
Red Hat (NYSE:RHT)
Historical Stock Chart
From Mar 2024 to Apr 2024
Red Hat (NYSE:RHT)
Historical Stock Chart
From Apr 2023 to Apr 2024