Of Special Interest
- Financial wellness affects half of peoples’ mental or physical health, finds report
- Study finds traditional financial institutions embrace Fintech disruption
- Grass is greener for environmentally friendly businesses, finds Barclays
- Prospective homeowners would consider a 40-year mortgage to escape renting, finds Santander
- Millennials’ needs are changing the face of banking industry, says new report
- FS is putting consumer data at risk by failing to protect mobile apps, says Arxan
- A lack of belief in their ability holds 28% women back in work, says Cambridge & Counties
- ‘Which?’ reveals Scotland has lost over a third of its bank branches in eight years
- Next downturn unlikely to be as bad as 2008, according to S&P
- FCA reveals findings from first cryptoassets consumer research
- US consumers favour single mobile app for banking and payments
- Banks suffering major IT shutdowns every day, ‘Which?’ reveals
- The US will be a key offshore centre in 2019, says GlobalData
- Debit industry changes markedly in 10 years of the Debit Issuer Study
- UK's ‘Big Five’ face ‘too big to compete’ as small challengers secure stellar returns
- Banks as vulnerable now as before crash, says new study
- Leverage ratio a constant conundrum for European and US banks, says SNL
13th January 2012
BBVA goes to the Google Cloud
BBVA has entered into a deal with Google for the bank to adopt Google Cloud enterprise apps worldwide substituting internal systems and software. This is the largest enterprise deal involving Google and may be the largest Cloud enterprise announced so far. The agreement will cover 110,000 employees and is expected to complete before this year end.
BBVA is to use enterprise apps including Gmail with Google Chat, Google Calendar, Google Docs, Google Groups, Google Sites and Google Video. It is to be rolled out first to the 35,000 employed in Spain and then a phased spread to the 26 other countries the bank operates in.
José Olalla, CIO at BBVA says, "We were looking for a technology that would transform our business operations - not just make our workers more efficient. Integrating the Google Apps for Business suite with our own tools will allow us to introduce a new way of working where employees have access to all the information they need with just one click, no matter where they are, and can reap the benefits of using advanced collaboration tools."
Banks have been aware of the advantages of the cloud based approach in terms of sharing, communication and cost. The move from software on each PC which needs to be updated, maintained and made secure to the cloud is a major saving. It should mean that also that many employees will require lower spec and cheaper PCs or substitute the desk top machines for mobile devices. The reason many of the banks have not until now taken advantage of the Cloud has been concerns over security. BBVA emphasise that the data moved to the cloud does not include customer data directly. It can however be assumed to involve to involve email and potentially other media traffic which may be directed to, or received from customers and internal correspondence regarding customers. There was no comment as to whether any modifications had been made to further enhance security within the apps or within the internet connections for BBVA.
"Companies of all sizes, including those with tens of thousands of employees, are now embracing cloud computing. It means a lot to us that BBVA, one of the largest financial institutions in the world, has decided to migrate to Google Apps. It shows that cloud computing is now a reality - and leading organisations are already realising its potential to transform their business," comments Sebastián Marotte, Vice President of Google Enterprise EMEA.