BBVA and Google Cloud in partnership to drive financial services security innovation

BBVA and Google Cloud today announced a new strategic partnership to transform the bank's security strategy by optimizing and improving its infrastructure. As part of this global agreement, BBVA will partner with Google Cloud to develop revolutionary new artificial intelligence (AI) and machine learning (ML) models to predict and prevent cyber attacks against its banking infrastructure, providing greater security for the bank and its customers.

BBVA is the first bank in Europe to use Chronicle, Google Cloud's security analysis platform that allows teams to store and analyze all security data in one place to detect and analyze threats on a large scale. BBVA will introduce Google Cloud's innovative AI capabilities into its security strategy and create its "Security Operations Center" of the future.

In this center, Google Cloud and BBVA will work to jointly develop a new platform that will allow the bank to adopt more advanced technology with a more effective cost structure and greater scalability. Using Google Cloud Chronicle, combined with the expertise of BBVA's security operations departments, will enable the bank to leverage the best AI capabilities to prevent cyber attacks.

State-of-the-art cyber security

"Questa partnership rappresenta un salto in avanti importante per la banca e ci consente di essere all'avanguardia nella prevenzione delle minacce alla sicurezza della nostra infrastruttura finanziaria e dei nostri clienti", ha dichiarato Álvaro Garrido, Chief Security Officer di BBVA. "The platform surprised us with its ability to quickly and accurately mitigate potential threats. Google Cloud Chronicle meets our expectations and will be a great ally in transforming our overall security system, just as Google Cloud has been in other areas of the bank".

Quoting Derek White, Vice President of global financial services at Google Cloud: "The Chronicle platform was created to help companies like BBVA improve their security infrastructure by leveraging the speed and scalability of Google Cloud technology. This collaboration will consolidate Chronicle as one of BBVA's key security pillars and support its strategy of offering its customers reliable access to products and services".

BBVA collabora con Google Cloud dal 2011, quando ha iniziato ad usare le applicazioni Workspace e altri servizi di Google Cloud per promuovere un nuovo modo di lavorare più collaborativo, sicuro e agile tra i suoi dipendenti. These tools enabled global collaboration, without putting the generated data and documents at risk.

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