BBVA has chosen Amazon Web Services, Inc. (AWS), an Amazon.com, Inc. company (NASDAQ: AMZN), to take the most sophisticated operations of the Corporate and Investment Banking area (BBVA CIB) to the cloud.
Specifically, the new platform provides greater computing power to make calculations related to financial markets faster, more accurate and more efficient.
In corporate banking, and especially in financial markets, more complex and precise calculations are required to a greater extent to meet customer demands. At BBVA CIB in particular, this need is evident in the valuations of complex transactions, risk scenarios and regulatory requirements in different business units.
This need is met with specialized technologies known as High Performance Computing (HPC), which allow millions of calculations to be performed at the same time, resulting…