News Summary:
- The global financial services group Banco Bilbao Vizcaya
Argentaria, S.A. (BBVA) signs a Strategic Whole Portfolio
Agreement with Cisco.
- The agreement gives BBVA access to Cisco's full software
portfolio, world-class technology and Customer Experience (CX)
services, supporting the bank's digitization journey.
- Five-year agreement enables BBVA to integrate continuous
innovation into daily operations, enhancing speed, agility, and
offering the latest in digital financial services.
SAN
JOSE, Calif. and MADRID, March 7,
2024 /CNW/ -- Cisco (NASDAQ: CSCO) and BBVA today
announced the companies have deepened their strategic alliance and
signed a Strategic Whole Portfolio Agreement (WPA), providing BBVA
faster access to Cisco's comprehensive software and Customer
Experience (CX) portfolio. BBVA is the first EMEA-based financial
services institution to sign a WPA with Cisco in Europe and Latin
America.
The five-year agreement includes solutions in cybersecurity,
collaboration, data center, networking and services. The agreement
with BBVA spans operations across multiple countries. It includes
proactive services provided by a specialized Cisco team and
promotes collaborative innovation. Additionally, the deal
simplifies management by consolidating 3,000 individual contracts
into a single unified agreement. This streamlines BBVA's global IT
operations, significantly improving efficiency.
"BBVA's alliance with Cisco is more than a supplier-customer
relationship. After eight years of Strategic Partnership working
together, BBVA premises and employees worldwide will have access to
not only current but future Cisco technological developments," says
José Luis Elechiguerra, Global Head of Engineering at
BBVA. "Additionally, the agreement allows BBVA to achieve
significant efficiency and productivity gains," adds Jordi García,
Global Head of Strategy & Performance of Engineering at
BBVA.
According to Oliver Tuszik, President of Cisco's
Europe, Middle East and Africa region (EMEA), "We are proud to support
the continued growth of one of the world's leading financial
institutions. For over a decade, BBVA has pioneered the
digitization of banking in Spain
and globally by putting customer experience at the center. During
the next stage of our strategic partnership, together we will
leverage the power of Cisco's whole portfolio, including the latest
AI-driven innovations, to accelerate their
transformation."
BBVA is a customer-centric, global financial services group
founded in 1857. Winner of Global Finance's 2023 Best Digital Bank
Awards for Spanish businesses, its services include retail banking,
private banking, asset management, wholesale banking and other
related financial solutions.
Strategic Digital Partnership
Since 2016, BBVA and Cisco's dedicated team have collaborated to
create the bank of the future, leveraging technologies like
collaboration, networking, data center and security. This strategic
digital partnership, along with alliances with other leading tech
companies, has accelerated BBVA's transformation. As an early
adopter of digitalization, BBVA is now at the forefront of
financial services innovation.
Additional Resources
- Find more information on Cisco's software portfolio here.
About BBVA
BBVA is a customer-centric global financial services group
founded in 1857. The Group has a strong leadership position in the
Spanish market, is the largest financial institution in
Mexico and it has leading
franchises in South America. It is
also the leading shareholder in Turkey's Garanti BBVA and has an important
investment, transactional and capital markets banking business in
the U.S. Its purpose is to bring the age of opportunities to
everyone, based on our customers' real needs: provide the best
solutions, helping them make the best financial decisions, through
an easy and convenient experience. The institution rests on solid
values: Customer comes first, we think big and we are one team. Its
responsible banking model aspires to achieve a more inclusive and
sustainable society.
About Cisco
Cisco (NASDAQ: CSCO) is the worldwide technology leader
that securely connects everything to make anything possible. Our
purpose is to power an inclusive future for all by helping our
customers reimagine their applications, power hybrid work, secure
their enterprise, transform their infrastructure, and meet their
sustainability goals. Discover more on The Newsroom and
follow us on X at @Cisco.
Cisco and the Cisco logo are trademarks or registered trademarks
of Cisco and/or its affiliates in the U.S. and other countries. A
listing of Cisco's trademarks can be found
at www.cisco.com/go/trademarks. Third-party trademarks
mentioned are the property of their respective owners. The use of
the word partner does not imply a partnership relationship between
Cisco and any other company.
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SOURCE Cisco Systems, Inc.