Banking Fintech News

Banco Sabadell Pioneers A 100% Digital Banking Model in Mexico With IBM Public Cloud and Red Hat

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 Banco Sabadell, the first 100% mobile bank in Mexico, is working with IBM Services to continue innovating with digital solutions and services. Banco Sabadell will host its infrastructure on the IBM public cloud and use Red Hat Enterprise Linux to modernize applications and deliver innovative services to its customers.

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In an increasingly digital economy, technology helps businesses transform and develop new services. Without physical branches, Banco Sabadell has selected IBM Services to help expand and manage its banking as a service model (BaaS). The collaboration is designed to help the bank address their flexibility, scalability and security needs in order to offer an innovative online banking platform aimed at reaching its 1 million clients across the country, while addressing local industry regulations.

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One of the bank’s main initiatives is the BaaS model, made possible by IBM’s API Connect. The solution integrates the bank’s APIs, creating 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.

IBM will support Banco Sabadell’s IT infrastructure in Mexico, managing its IT operations on the IBM public cloud to allow for a secure, agile and scalable approach to its business transactions. The IBM public cloud is the industry’s most secure and open public cloud for business.

Sabadell has migrated its applications to IBM Cloud that can accommodate their high security standards and be adaptable to address continuous regulatory changes. Additionally, IBM Cloud services running on Red Hat Enterprise Linux will offer Banco Sabadell an opportunity to efficiently manage its bank environment with flexibility and speed to help enhance their customer experiences.

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