In corporate banking, and in particular in monetary markets, much more intricate and exact calculations are needed to a increased extent to meet up with buyer needs. At BBVA CIB in individual, this need is apparent in the valuations of intricate transactions, danger scenarios and regulatory specifications in distinctive business enterprise units.
This will need is achieved with specialized technologies known as Substantial Efficiency Computing (HPC), which permit millions of calculations to be performed at the exact same time, ensuing in a lot more accurate and more rapidly valuation processes for corporate and institutional purchasers.
BBVA determined to collaborate with AWS for HPC workloads and to assistance offer the necessary infrastructure sources to improve these computations. BBVA depends on Amazon Elastic Compute Cloud (Amazon EC2) to travel computing and data processing operations. This collaboration also equips traders, info researchers and analysts with the adaptability and elasticity desired to have the cloud technological innovation resources entirely modified to authentic-time needs and demand at any supplied moment. This features short periods of time to execute valuations of elaborate operations or risk eventualities, even though maximizing turnaround time efficiency. In addition, the use of this new platform and the fork out-per-use product will permit BBVA to drastically lessen support charges.
In line with the transformation method, this milestone can make it easier for BBVA to keep on leveraging cloud abilities to sustainably boost the effectiveness of the provider it gives to its corporate clients. In accordance to 451 Exploration, AWS infrastructure is five times much more power effective than an ordinary European enterprise info center.
For Enrique Checa, International Head of Architecture and Infrastructure at BBVA CIB, “The adaptability, scalability and prospects supplied by AWS cloud methods in this task allow us to choose a really critical technological leap ahead and be prepared for the future,”
Yves Dupuy, Head of Worldwide Banking, Southern Europe at AWS, mentioned: “BBVA is an case in point of a enterprise that works with the consumer in intellect, aiming to make their encounter easier. By using AWS’ intensive portfolio of cloud expert services, BBVA can proceed to innovate and launch new fiscal remedies that will enable BBVA CIB extend its business and assistance make it extra productive using AWS’s world wide infrastructure that can enable them to accelerate procedures, lessen expenses, scale speedily and raise adaptability.”
In this way, BBVA strengthens its commitment to cloud technology as an critical component of its innovation approach, although at the exact time reinforcing its collaboration with AWS. In addition to the groundbreaking fairness system, formulated jointly with Bloomberg, AWS is a single of BBVA’s strategic collaborator with whom it has been cooperating for far more than 4 several years to travel digitalization and innovation within just the Team.