In a significant move towards digital transformation, Banco Bilbao Vizcaya Argentaria (BBVA) has finalized the migration of its data platform, ADA (Analytics, Data, AI), to Amazon Web Services (AWS). The migration process covered the bank’s operations in Europe and Uruguay, marking a critical milestone in the bank’s journey to harness the power of cloud technology for its data-driven initiatives.
BBVA’s Vision for High-Performance Computing
BBVA’s decision to move its data platform to AWS stems from its need for advanced high-performance computing (HPC) capabilities. These are crucial for applications that require complex calculations, such as transaction valuations, risk scenario assessments, and meeting regulatory demands across various business units. The bank’s vision is to leverage cloud infrastructure to enhance operational efficiency and scale its services dynamically.
Successful Transition: European and Uruguayan Operations
After announcing its migration plans in early 2023, BBVA has successfully completed the migration of ADA to AWS across its European and Uruguayan operations. This achievement comes less than two years after the initial announcement, signaling the bank’s ability to adapt swiftly to evolving technology needs.
The cloud-based ADA platform has reduced end-user analytical latency by a remarkable 94%, enabling the bank to provide faster and more efficient data analysis across its teams. Additionally, the platform’s scalability allows BBVA to scale resources according to demand, optimizing performance and cost management.
Expansion Plans for the Americas in 2025
Building on its success in Europe and Uruguay, BBVA plans to extend the ADA platform to its operations in Mexico, Colombia, Peru, and Argentina in 2025. This expansion will further cement the bank’s position at the forefront of digital banking transformation in Latin America.
Carlos Casas, global head of engineering at BBVA, emphasized that this migration is a key part of the bank’s strategy to democratize data usage globally and lead in digital banking innovation.
The Role of AWS in BBVA’s Technological Transformation
Scott Mullins, managing director of financial services at AWS, commended BBVA’s bold adoption of cloud technology, noting that the ADA platform is a pioneering initiative within the banking sector. The AWS-powered platform is transforming internal operations and making BBVA more operationally efficient. It is also helping the bank attract top technology talent, which is crucial as the banking industry increasingly relies on advanced technology.
BBVA’s Long-Standing Relationship with Cloud Providers
BBVA’s commitment to cloud infrastructure is not new. The bank first announced its partnership with AWS in 2016 and has maintained a collaborative relationship with the cloud giant ever since. Alongside AWS, BBVA also leverages services from Google Cloud, further diversifying its cloud capabilities.
With data centers in Madrid, Mexico, and Turkey, BBVA is well-positioned to expand its cloud infrastructure globally.
Conclusion: BBVA’s Future-Ready Data Platform
BBVA’s successful migration to AWS is a testament to its dedication to leveraging cloud technology for operational excellence. With ADA, the bank is set to improve its efficiency, reduce latency, and scale more effectively. As the platform expands into new markets in 2025, BBVA will continue to lead the way in digital banking transformation, setting a benchmark for innovation in the financial services sector.
FAQ Section
1. What is the ADA platform?
ADA (Analytics, Data, AI) is BBVA’s data platform designed to provide high-performance computing for complex applications, including risk assessments, transaction valuations, and regulatory requirements.
2. What benefits did BBVA experience after migrating to AWS?
BBVA reduced its end-user analytical latency by 94%, improved scalability of resources, and enhanced operational efficiency with AWS-powered infrastructure.
3. Why did BBVA choose AWS for its cloud migration?
BBVA selected AWS for its advanced high-performance computing capabilities and its ability to scale resources efficiently based on demand, aligning with the bank’s goals of digital transformation and operational efficiency.
4. What are BBVA’s plans for ADA in Latin America?
BBVA plans to expand the ADA platform to Mexico, Colombia, Peru, and Argentina in 2025, continuing its digital transformation efforts across Latin America.
5. Has BBVA worked with other cloud providers?
Yes, in addition to AWS, BBVA also collaborates with Google Cloud to leverage a multi-cloud strategy that meets its diverse needs.
