WEBWIRE – Monday, May 22, 2023
CaixaBank will expand its current big data and artificial intelligence capabilities by using Google Clouds technology to develop new services and drive innovation.
The companies will explore the use of Google Cloud technology to support the strategy of CaixaBank in a number of areas, including sustainability.
CaixaBank, Spains largest financial institution by number of clients and branches in the country, announced a new strategic, multi-year partnership with Google Cloud to accelerate the banks transition to the cloud and drive innovation using data and analytics technologies. As a part of the agreement, the bank will leverage Google Clouds cloud computing, data analytics, and artificial intelligence (AI) capabilities to develop new services for its customers and drive the organizations digital transformation.
Luis Javier Blas, CaixaBanks Chief Operating Officer, said: “We have added Google Cloud to our banks ecosystem of innovation partners, in order to work together to advance data analytics and support digital transformation across the organization. Today, the complex analysis of information offers great potential in multiple areas of activity when combined with new technologies, such as artificial intelligence and cloud computing. CaixaBank has always been the sectors benchmark in innovation. By partnering with Google Cloud, we will drive data-based innovation and enhance our capabilities.
Isaac Hernndez, Iberia Country Manager, Google Cloud, said Google Cloud aims to help CaixaBank gain sustained differentiation in an increasingly competitive market. Our data analytics, artificial intelligence, and machine learning tools will help enable CaixaBank to meet dynamic market needs and expectations by unlocking strategic insights to create real value for its customers.
Paving the way for innovation with a data-driven cloud strategy
The collaboration between CaixaBank and Google Cloud is a key element of the banks cloud-based strategy aimed at improving data analysis and leveraging AI and machine learning (ML) technology, since it is a key tool for driving the customization of the commercial offering and improving the relationship with customers. In addition, data analytics opens up great potential in the decision-making process and the creation of new products and services.
Driving innovation in the financial industry with a focus on data privacy and security
As part of the agreement, CaixaBank will also explore the use of Google Cloud technology to support its strategy for sustainability.. Google Clouds sustainable infrastructure, based on smart and efficient data centers, and its secure cloud approach will enable the bank to take advantage of improved analytics capabilities, while meeting its strict compliance needs and standards in terms of data protection and privacy.
About Google Cloud
Google Cloud accelerates every organizations ability to digitally transform its business. We deliver enterprise-grade solutions that leverage Googles cutting-edge technology all on the cleanest cloud in the industry. Customers in more than 200 countries and territories turn to Google Cloud as their trusted partner to enable growth and solve their most critical business problems.
About CaixaBank
CaixaBank is the leading financial group in Spain with an asset volume of more than 590 billion and one of the leading banks in Europe. CaixaBank also has a strong presence in Portugal, where it controls 100% of BPI.
The Group has more than 20 million customers, the largest branch and ATM network in Spain and Portugal, and it is the leader in digital banking with more than 11 million digital clients.