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Banco Sabadell and TSB ink a cloud services contract with IBM

Author : Pankaj Singh | Published Date : 2020-01-17 

Banco Sabadell, a Spain-based banking group, has inked a ten-year agreement with IBM to advance its hybrid cloud strategy. Sources cite that this deal is intended to streamline Sabadell’s dispersed technological infrastructure to move and manage data, services, and workflows across multiple clouds and overcome the traditional friction between infrastructure and applications.

Miguel Montes, Chief Operations and People Officer of Banco Sabadell, said that this deal with IBM would help the company modernize and transform its technology infrastructure and simplify its operational model. With this move, Sabadell would strengthen its security, resilience, and scalability capabilities and further adopt key elements of advance technologies like big data, cloud and artificial intelligence.

Reportedly, the bank group will leverage Red Hat OpenShift technology and IBM Services to deploy on-container architecture and a host of new cloud-native applications.

As for Sabadell’s UK subsidiary TSB, it has signed contracts with IBM to revamp its technological infrastructure after the previous year's devastating IT meltdown. The deal with IBM follows Sabadell’s pledge to invest around £120 million to revamp digital channels over the next three years. It highlights TSB’s commitment to strengthen and optimize its IT infrastructure and supplier relationships.

With this deal, IBM will build and manage TSB’s private cloud environment running services across the company’s core banking platforms with all of the infrastructure being managed and operated by IBM under TSB’s supervision, rather than its Spain-based parent company which was profoundly implicated in last year's IT fiasco.

Claims are made that TSB, as part of this move, will develop its novel Technology Centre in Edinburgh, bringing approximately 100 new IT jobs in the region, including data engineers, technical specialists, analysts, and IT run specialists. The center will be based in Henry Duncan House in George Street, opening in April 2020.

Source Credit - https://www.finextra.com/newsarticle/35076/banco-sabadell-and-tsb-sign-cloud-services-deal-with-ibm

About Author

Pankaj Singh

Pankaj Singh

Endowed with a post graduate degree in management and finance, Pankaj Singh has been a part of the online content domain for quite a while. Having worked previously as a U.K. insurance underwriter for two years, he now writes articles for fractovia.org and other online portals. He can be contacted at- [email protected] | https://twitter.com/PankajSingh2605

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