Cisco Expands BBVA Partnership to Streamline the Bank’s IT Operations and Accelerate Transformation

Cisco has expanded its strategic partnership and signed a Complete Portfolio Settlement (WPA) with BBVA, the worldwide monetary providers group, offering BBVA with sooner entry to Cisco’s complete software program and Buyer Expertise (CX) portfolio.

BBVA now turns into the primary EMEA-based monetary providers establishment to signal a WPA with Cisco in Europe and Latin America.

The five-year settlement contains options in cybersecurity, collaboration, knowledge centre, networking and providers. The settlement with BBVA spans operations throughout a number of international locations. It contains proactive providers offered by a specialised Cisco workforce and promotes collaborative innovation.

José Luis Elechiguerra, world head of engineering at BBVA, defined: “BBVA’s alliance with Cisco is greater than a supplier-customer relationship. After eight years of strategic partnership working collectively, BBVA premises and workers worldwide can have entry to not solely present however future Cisco technological developments.”

The deal additionally simplifies administration by consolidating 3,000 particular person contracts right into a single unified settlement. This streamlines BBVA’s world IT operations, considerably bettering effectivity.

Oliver Tuszik, president of Cisco’s Europe, Center East and Africa area (EMEA), additionally mentioned the necessity for the collaboration: “We’re proud to assist the continued progress of one of many world’s main monetary establishments.

“For over a decade, BBVA has pioneered the digitisation of banking in Spain and globally by placing buyer expertise on the centre. In the course of the subsequent stage of our strategic partnership, collectively we are going to leverage the ability of Cisco’s complete portfolio, together with the newest AI-driven improvements, to speed up their transformation.”

Since 2016, BBVA and Cisco’s devoted workforce have collaborated to create the financial institution of the long run, leveraging applied sciences like collaboration, networking, knowledge centre and safety. This strategic digital partnership, together with alliances with different main tech corporations, has accelerated BBVA’s transformation. As an early adopter of digitalisation, BBVA is now on the forefront of economic providers innovation.