BBVA joins Google Cloud to renew its IT security strategy

The Spanish bank BBVA has enlisted the help of Google Cloud to help with a renewal of its IT security strategy that is aimed at optimizing its infrastructure to withstand large-scale threats.

The pair have established a global partnership that will see BBVA leverage Google Cloud’s portfolio of AI and machine learning tools to create models that will be used to predict and prevent cyberattacks targeting both its back-office and customer-facing systems. .

The agreement marks BBVA as the first bank in Europe to implement Google Cloud’s security analytics platform, Chronicle, which is designed to help rapidly detect security threats at scale by allowing IT teams to store and analyze all your security in one place.

Chronicle began life as a security arm of Google Alphabet’s partner company in early 2018, before joining Google Cloud in October of that year.

“The Chronicle platform was created to help companies like BBVA improve their security infrastructure, taking advantage of the speed and scalability of Google Cloud technology,” said Derek White, vice president of global financial services industry at Google Cloud.

“This collaboration will solidify Chronicle as one of the key pillars of BBVA’s security infrastructure and will support its strategy of offering its clients a reliable approach to products and services.”

In addition to leveraging Chronicle’s capabilities, BBVA said it also plans to leverage the cloud giant’s artificial intelligence capabilities to shape its Security Operations Center of the Future initiative, which will see the two companies collaborate on a security platform of their own. jointly developed.

“This alliance represents a leap forward for the bank and allows us to be at the forefront in preventing threats to the security of our financial infrastructure and of our clients,” said Alvaro Garrido, director of security at BBVA.

“The platform surprised us with its ability to mitigate potential threats quickly and accurately. Google Cloud Chronicle lives up to our expectations and will be a great partner in transforming our security posture, just as Google Cloud has been in other areas of the bank. “

The two firms have a long-standing technology partnership, dating back nearly a decade, that has seen BBVA previously roll out the Google Cloud suite of productivity tools to 11,000 employees.

It has also previously implemented services powered by Google’s artificial intelligence technologies that are designed to help its customers manage their money, and has also partnered with the company to offer consumer banking services through the Google platform. Pay.

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