MADRID and SUNNYVALE, Calif., Feb.
23, 2021 /PRNewswire/ -- BBVA and Google Cloud today
announced a new strategic partnership to transform the bank's
security strategy by optimizing and improving its security
infrastructure. As part of this global agreement, BBVA will
collaborate with Google Cloud in the development of groundbreaking
new artificial intelligence (AI) and machine learning (ML) models
to predict and prevent cyberattacks against its banking
infrastructure, providing a more secure experience for the bank and
its customers.
BBVA is the first bank in Europe to deploy Chronicle, Google Cloud's
security analytics platform that allows teams to store and analyze
all their security data in one place to detect and investigate
threats at scale. BBVA will incorporate Google Cloud´s innovative
artificial intelligence capabilities into its security strategy and
shape its "Security Operations Center (SOC) of the Future."
In this centre, Google Cloud and BBVA will work to jointly
develop a new platform that will allow the bank to adopt a more
advanced technology by placing it in a more cost-effective
environment, and with greater scalability. The use of Google
Cloud's Chronicle, combined with the expertise of BBVA's security
operations departments, will enable the bank to
leverage best-in-class AI capabilities to prevent
cyberattacks.
"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," said
Álvaro Garrido, Chief Security Officer, BBVA. "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 the transformation of our
security posture, just as Google Cloud has been in other areas of
the bank."
"The Chronicle platform was built to help companies like BBVA
improve its security infrastructure, leveraging the speed and
scalability of Google Cloud's technology," said Derek White, VP Global Financial Services
Industry, Google Cloud. "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."
BBVA has collaborated with Google Cloud to digitally transform
its operations since 2011. BBVA is using Google Workspace,
along with other services from Google Cloud, to promote a new,
safe, and more agile collaborative way of working among its
employees. These tools allow for global collaboration, without
putting the information and documentation generated at risk.
About Google Cloud
Google Cloud provides organizations
with leading infrastructure, platform capabilities and industry
solutions. We deliver enterprise-grade cloud solutions that
leverage Google's cutting-edge technology to help companies operate
more efficiently and adapt to changing needs, giving customers a
foundation for the future. Customers in more than 150 countries
turn to Google Cloud as their trusted partner to solve their most
critical business problems.
About BBVA
BBVA is a
customer-centric global financial services group founded in 1857.
The Group has a strong leadership position in the Spanish market,
is the largest financial institution in Mexico, it has leading franchises in
South America and the Sunbelt
Region of the United States. It is
also the leading shareholder in Turkey's Garanti BBVA. Its purpose is to bring
the age of opportunities to everyone, based on our customers' real
needs: provide the best solutions, helping them make the best
financial decisions, through an easy and convenient experience. The
institution rests in solid values: Customer comes first, we think
big and we are one team. Its responsible banking model aspires to
achieve a more inclusive and sustainable society.
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SOURCE Google Cloud