Banco Sabadell and IBM Services announced the signing of a ten-year services agreement designed to help the bank boost digitization and support the strategic evolution of its business model with IBM cloud capabilities. The financial services industry can face intense challenges related to regulatory compliance, the emergence of new business models and the demand for the digitalization of financial consumption. With IBM, Banco Sabadell plans to transform its IT infrastructure to a modern technology platform that integrates all its data and applications enabling a broader client-centric view. The new agreement extends IBM's relationship with Banco Sabadell and is planned to make it possible to leverage IBM cloud capabilities, helping drive modernization of the bank's IT environment. IBM Services will help Banco Sabadell migrate its existing applications to a hybrid cloud environment, meeting required cybersecurity standards, to help it meet continuous regulatory changes. The collaboration is intended to simplify the bank's dispersed technological infrastructure so that it can move and manage data, services and workflows across multiple clouds to allow it to continue to offer its global clients its products and services in a manner that is focused on speed fast, security and compliance. Red Hat OpenShift technology, together with IBM Services, will also support Sabadell in managing a hybrid cloud environment to deploy on-container architecture, new cloud-native applications and modernize current ones designed for more flexibility and speed to help drive a more agile customer-oriented innovation. This solution provides capabilities such as scalability to help face the continuous increase in demand for resiliency and security provided by cloud solutions, and speed to launch new digital projects to overcome the traditional friction between applications and infrastructure. In parallel TSB, the United Kingdom affiliate of Banco Sabadell, signed a contract where IBM will manage the bank's technology in the UK. IBM and Banco Sabadell signed this transaction in IBM's fourth quarter of 2019.