BBVA and Google Cloud today announced a strategic alliance to strengthen the security infrastructure of the bank and its clients and prevent cyberattacks. The financial institution will collaborate with the American giant in the development of new models of artificial intelligence (AI) and machine learning (machine Learning) to predict and prevent cyberattacks against its banking infrastructure, as explained by BBVA in a statement.
With this agreement, the Spanish Spanish bank becomes the first in Europe to use Google Cloud’s security analysis platform, Chronicle, which allows all the bank’s security data to be stored and analyzed in one place to detect and investigate threats on a large scale.
In the note issued by both companies, they explain that BBVA will incorporate the artificial intelligence capabilities of Google Cloud into its security strategy and will create “the security operational center of the future.” At this center, the two partners 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.
“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 Álvaro Garrido, head of security at BBVA, who highlighted the ability of the Google Cloud platform to “quickly and accurately mitigate potential threats.”
In this sense, Derek White, vice president of the global financial services sector at Google Cloud, assured that Chronicle improves the security infrastructure of companies such as BBVA “taking advantage of the speed and scalability of Google Cloud”.
The new agreement reinforces the collaboration between both entities. The Spanish bank has been a Google Cloud customer since 2011, when it began to use its Google Workspace applications and other Google Cloud cloud services to promote “collaborative and secure ways of working” among its employees.