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Spain’s CaixaBank Teams with IBM Services to Accelerate Cloud Transformation in the Financial Services Industry & Explore Quantum Computing

By IQT News posted 05 Jun 2020

(EnterpriseAI) CaixaBank, a financial institution in Spain and Portugal, serving more than 15.5 million customers, has announced an agreement with IBM Services to help accelerate its hybrid cloud journey and continue their work to increase the bank’s capability to develop innovative, digital-first solutions to enhance client experiences.
CaixaBank will leverage IBM Cloud Pak for Applications running on Red Hat OpenShift to manage workloads and applications across its overall cloud infrastructure. The bank also agreed to continue to work with IBM in their joint innovation center to apply advanced technologies like AI, and additionally explore quantum computing and blockchain solutions. The companies will continue to seek to co-create new solutions for the banking industry with a goal to help quickly process a large number of transactions in an open, secure and scalable environment while delivering improved customer experiences.
With a key focus on technological innovation for the industry, CaixaBank is Spain’s leading digital financial services provider, serving more than 6.5 million digital clients. CaixaBank is also one of the pioneering banks in the application of artificial intelligence for financial services, developing one of the first virtual banking assistants created in Europe. Built with IBM Watson, the AI-based virtual assistant manages more than 1.5 million client conversations each month, handling a spectrum of tasks such as helping bank employees quickly obtain relevant detailed information about new client offerings and quickly assisting mobile customers via chat with day-to-day queries. This approach frees up employee time to focus on serving customers.

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