CBNP Paribas Taps IBM for Cloud Deal
January 24, 2019
Banks are faced with changing consumer
behaviors and expectations, in areas such as
real-time banking, mobile services and
access to a more complete view of their
financial situation. To address customers'
expectations, BNP Paribas has engaged a
transformation plan aiming at accelerating
its digital transformation and improving the
group's operational efficiency.
To address these market changes, BNP Paribas
and IBM Services today announced they are
extending their partnership for eight years.
This partnership further extends the two
companies' creation of the IT services
company BNP Paribas Partners for Innovation
(BP2I) – a joint venture held equally by BNP
Paribas and IBM since 2003. This agreement
will enable BNP Paribas to continue to
deploy its cloud approach with service from
BNP Paribas, which developed its first
private cloud in 2013, will now integrate
the IBM Cloud hosted in data centers
dedicated to the bank. BNP Paribas will also
strengthen its hybrid cloud "as a service"
capabilities, using IBM solutions offered
via its public cloud to support the
development of new services, including test
and applications environments.
In line with its Cloud strategy and in order
to ensure the security of its customers'
BNP Paribas will not use the public cloud
for either customer data or production
environments with sensitive information.
to the expertise from IBM, this new step in
the bank's cloud approach will enable BNP
Paribas to gain agility, ensure the
performance of its IT systems and ensure
security. It is also designed to improve the
"Time to Market" for new digital
applications and services and the privileged
access of BNP Paribas to new technologies.
This agreement will also enable BNP Paribas
to use IBM Hybrid Cloud solutions to
increase its services capabilities through
the usage of multiple environments, such as
dedicated, public and private clouds,
ensuring integration between these different
environments. It will help enable the bank's
ability to improve the integration and
optimize the workload management between
these various Cloud infrastructure services.
The new banking services and technologies
developed by BNP Paribas through IBM
solutions will contribute to the
acceleration of the digitization of the
bank, the improvement of the services
offered to its customers, and the support of
the development of new digital applications