HP Becomes Technology Partner for Banco Sabadell

By Niladri Sekhar Nath

TMCnet Contributing Editor

 

 

Banco Sabadell, the fourth biggest Spanish banking group, has named HP as its technology partner. As per the agreement, Netfocus S.L., the IT service division owned by Banco Sabadell will be integrated into HP. The collaboration will help HP offer a new portfolio of solutions and services, including technology projects for digital signatures in financial environments and government administrations.

 

The partnership is expected to offer outsourcing services and the implementation of integrated management of the bank’s midrange systems by HP.

 

According to a news release, future collaboration will include IT governance, business technology optimization, business process management and business process testing. HP will implement an integral service management solution within Banco Sabadell and will also set up a security competence center for developing and rolling out solutions targeted specifically at financial environments.

 

“This agreement is a milestone in financial services, security and IT services in Spain, optimizing quality and service levels, saving costs and thus providing greater value to customers,” said Miguel Montes, general manager of IT and Operations at Banco Sabadell in a statement to the press. “It reinforces Banco Sabadell’s commitment to efficiency, innovation and best-in-class management of information technologies and is a pivotal element in the bank’s expansion and modernization strategy.”

 

HP has already replaced printers, multifunction devices and desktop computers in the Banco Sabadell’s branches and corporate centers. Both the bank and HP have entered into a three-year service contract to reduce maintenance costs and hold down printing costs.