BBVA partners with NetApp to boost its cloud services

Maria Nikolova

The alliance is part of a series of strategic agreements the banking group is forging to become a more flexible and scalable digital bank.

BBVA and NetApp, a hybrid cloud data services provider, have announced a partnership that makes NetApp a priority technological partner for BBVA. The alliance is a part of a series of strategic agreements the banking group is implementing to become a more flexible and scalable digital bank.

NetApp’s data services portfolio is set to play a key role in the bank’s data strategy to meet the growing needs of the organization to simplify and integrate data management across cloud and on-premises to accelerate digital transformation. Through this agreement, BBVA will be able to deliver consistent and integrated hybrid cloud data services for data visibility and insights, data access and control and data protection and security to address the high demands on the company’s digital services.

Through this new agreement, BBVA continues to build up its network of alliances with priority technological partners, set up in 2016, that includes companies like Cisco, Red Hat, Salesforce, Amazon Web Services and IBM.

Speaking of innovation, let’s note that BBVA Open Innovation, which builds connections and partnerships with fintech entrepreneurs and startups around the world, is remodeling its strategy.

In 2019, Open Innovation will focus on bolstering its relationships with other business units and driving positive impact on BBVA’s core business. This will be achieved through three key activities – scouting, investment, and partnering – and in particular through the implementation of proof-of-concept pilots and collaboration.

Historically, BBVA has invested in startups through its corporate venturing arm Propel Venture Partners. Propel most recently invested in DataSine, a b2b psychology and machine learning company that was a finalist in the 2017 Open Talent AI vertical. The vision of BBVA Open Innovation for 2019 and beyond is to support startups that have already scaled up or completed pilot projects, but also to broaden its partnerships with VCs and other investors to maximise the value delivered for entrepreneurs embarking on what is ultimately a journey of trust and collaboration with OI.

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