Banco Sabadell in Mexico partners with IBM & Red Hat for BaaS model

Source: IBS Intelligence 2020-06-18

Banco Sabadell, a 100% mobile bank in Mexico, has announced that the company has partnered with IBM Services to continue innovating with digital solutions and services.

Through the collaboration, Banco Sabadell will host its IT infrastructure on the IBM public cloud and use Red Hat Enterprise Linux to modernise applications and deliver innovative services to its customers.

Banco Sabadell has selected IBM Services to help expand and manage its banking as a service model (BaaS). The bank’s BaaS model was made possible by IBM’s API Connect. The solution integrates the bank’s APIs and creates a workspace that serves as the first point of contact for FinTechs and large companies to collaborate and create new online financial services and apps.

“Being pioneers in a bank as a service model has represented a great challenge that required IBM’s extensive industry experience. We have chosen IBM as our global technology partner to support the development of a modern IT infrastructure based on IBM Cloud, which will allow us to continue offering better services and improving client experience,” said Banco Sabadell’s COO, Fernando Boza.

The partnership is designed to help the bank address their scalability, flexibility, and security needs to offer an innovative online banking platform aimed to reach its 1 M clients across the country while addressing local industry regulations. Sabadell has migrated its applications to IBM Cloud that can accommodate their high-security standards and be adaptable to address continuous regulatory changes. Besides, IBM Cloud services running on Red Hat Enterprise Linux expect to offer Banco Sabadell an opportunity to efficiently manage its bank environment with flexibility and speed, thereby enhancing their customer experiences.

“We are pleased to be on this pioneering digital journey with Banco Sabadell, Mexico to be the country’s very first fully digital bank. “I’m excited and confident that IBM’s secured and open public cloud strategy, combined with our deep financial services industry experience, will help the bank drive innovation around its operations to provide new and enriched experiences for its clients while helping to reshape the future of banking for the entire territory,” said IBM’s General Manager, Latin America, Ana Paula Assis.

Established since 1991, Banco Sabadell is a modern Mexican bank, which seeks to transform the perception of banking services and products.

Banco Sabadell

IBM Services

Red Hat Enterprise

Banco Sabadell in Mexico partners with IBM & Red Hat for BaaS model

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