Red Hat and BBVA tie up cloud collaboration deal

Red Hat and BBVA have signed a partnership deal that sees the former become a ‘priority partner’.

The deal will see Red Hat providing open source technology to BBVA to “accelerate” its “global transformation and technology-driven innovation processes”.

Red hat will also be supporting BBVA with a Infrastructure-as-a-service and platform-as-a-service solution to help the bank focus on developing applications that can support the “heavy demands” from digital banking.

“We are facing a new scenario that requires keeping the customer at the centre of everything we do, and technology is one of the key levers to tackle this transformation process,” says BBVA Head of Engineering Ricardo Moreno.

“This collaboration agreement with Red Hat will help us to capitalize on the opportunities offered by cloud computing technologies, in order to continue making strides in our process of becoming a more flexible and scalable digital bank.”

As part of the deal, BBVA will be designing an automated, multi-tenant cloud service based on Red Hat OpenStack, as well as a new cloud management program.

“BBVA is a fantastic example of a global enterprise that has turned to an open source-based cloud to drive business innovation through technology,” says Jim Whitehurst, President and CEO, Red Hat.

“With a modern and flexible IaaS and PaaS-based platform, BBVA will be well-poised to take advantage of the opportunities presented by the fast-evolving digital economy and help meet growing customer expectations in these areas.”

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