BBVA and Cisco strengthened its strategic partnership to accelerate digital transformation and foster innovation

The global financial services group (BBVA) signed a strategic whole portfolio agreement with Cisco

Cisco and BBVA announced today the expansion of their strategic alliance with the signing of a Strategic Whole Portfolio Agreement (WPA), enabling BBVA to gain expedited access to Cisco’s extensive software and Customer Experience (CX) portfolio. BBVA becomes the first EMEA-based financial services institution to enter into a WPA with Cisco in Europe and Latin America. The five-year agreement encompasses solutions in cybersecurity, collaboration, data centers, networking, and services, covering BBVA's operations across multiple countries. It includes proactive services from a specialized Cisco team and fosters collaborative innovation. Moreover, the deal consolidates 3,000 individual contracts into a single, unified agreement, streamlining BBVA’s global IT operations and significantly enhancing efficiency.

José Luis Elechiguerra, Global Head of Engineering at BBVA, emphasized the strategic nature of the alliance with Cisco, highlighting the access it provides to both current and future Cisco technological developments. Jordi García, Global Head of Strategy & Performance of Engineering at BBVA, noted the agreement's potential for delivering substantial efficiency and productivity gains. BBVA, founded in 1857, is a customer-centric global financial services group recognized for its digital banking achievements, including winning Global Finance’s 2023 Best Digital Bank Awards for Spanish businesses. Its offerings encompass retail banking, private banking, asset management, wholesale banking, and other financial solutions.