BBVA and Google Cloud Form Strategic Partnership to Drive Security Innovation in Financial Services

MADRID and SUNNYVALE, Calif., Feb. 23, 2021 /PRNewswire/ --A BBVA and Google Cloud today announced a new strategic partnership to transform the bank's security strategy by optimizing and improving its security infrastructure. As part of this global agreement, BBVA will collaborate with Google Cloud in the development of groundbreaking new artificial intelligence (AI) and machine learning (ML) models to predict and prevent cyberattacks against its banking infrastructure, providing a more secure experience for the bank and its customers.
BBVA and Google Cloud Form Strategic Partnership to Drive Security Innovation in Financial Services
BBVA is the first bank in Europe to deploy Chronicle, Google Cloud's security analytics platform that allows teams to store and analyze all their security data in one place to detect and investigate threats at scale. BBVA will incorporate Google CloudA?s innovative artificial intelligence capabilities into its security strategy and shape its "Security Operations Center (SOC) of the Future." In this centre, Google Cloud and BBVA will work to jointly develop a new platform that will allow the bank to adopt a more advanced technology by placing it in a more cost-effective environment, and with greater scalability. The use of Google Cloud's Chronicle, combined with the expertise of BBVA's security operations departments, will enable the bank to leverageA best-in-class AI capabilities to prevent cyberattacks."This partnership 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 our clients," said A?lvaro Garrido, Chief Security Officer, BBVA. "The platform surprised us in its ability to quickly and accurately mitigate possible threats. Google Cloud's Chronicle meets our expectations and will be a magnificent partner in the transformation of our security posture, just as Google Cloud has been in other areas of the bank."
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