BNP Paribas has announced the expansion of its cloud capabilities, with the bank becoming a customer of IBM Cloud’s data centers. This move is part of the bank’s efforts to strengthen its technological foundation and drive innovation for its clients, employees, and partners. The bank’s decision to partner with IBM Cloud is in line with its commitment to embracing cutting-edge technologies and ensuring the security and compliance of its information systems. BNP Paribas has at least one data center in India and is currently hosted out of data centers in Sweden and Iceland.
European DORA Regulation and the Need for a Separate Area
The European DORA (Digital Operational Resilience Act) regulation came into force on January 16, 2023, for financial institutions. The regulation requires companies to manage the risk and resilience of their ICT systems, including those provided by third-party companies such as data centers and cloud computing providers. To meet these requirements, BNP Paribas has decided to create a separate area for IBM Cloud hardware within its data centers. This move is expected to help the bank maintain business continuity and protect customer data.
- The creation of a separate area for IBM Cloud hardware will enable BNP Paribas to experiment and deploy generative AI use cases.
- Access to GPUs on IBM Cloud integrated with BNP Paribas’ cloud infrastructure will provide the bank with a powerful tool for accelerating AI and machine learning workloads.
Benefits of the Partnership
The partnership between BNP Paribas and IBM Cloud will provide the bank with a range of benefits, including:
- Access to enterprise-grade cloud services across the entire bank, enabling new possibilities with AI and cloud innovation.
- Improved business continuity and resilience, ensuring the bank can maintain operations in the event of an outage or disaster.
- A secure and compliant infrastructure, protecting customer data and ensuring the bank’s information systems meet the required standards.
Quote from BNP Paribas CIO
Marc Camus, CIO of BNP Paribas, said: “We continuously invest in cutting-edge technologies to strengthen the resilience of our infrastructures and drive innovation for our clients, employees, and partners. By combining GPU-as-a-service, a dedicated, state-of-the-art environment within our data centers, and a cloud-native infrastructure, we are strengthening our technological foundation, as well as the security and the compliance of our information systems.”
Quote from IBM Cloud General Manager
Alan Peacock, general manager of IBM Cloud, added: “This latest milestone in our partnership will provide expanded enterprise-grade Cloud services across the entire bank to unlock new possibilities with AI and cloud innovation not only for BNP Paribas, but for enterprises around the world.”
BNP Paribas and IBM Cloud: A Strong Partnership
BNP Paribas operates in 64 countries and offers commercial, personal, investment and institutional banking services. The bank’s commitment to embracing cutting-edge technologies and ensuring the security and compliance of its information systems is in line with its mission to provide innovative and reliable services to its customers.
| Country | Services Offered |
|---|---|
| Global | Commercial, personal, investment and institutional banking services |
Conclusion
The expansion of BNP Paribas’ cloud capabilities marks an important milestone in the bank’s efforts to drive innovation and strengthen its technological foundation. The partnership with IBM Cloud will provide the bank with a powerful tool for accelerating AI and machine learning workloads, while ensuring the security and compliance of its information systems. As BNP Paribas continues to grow and evolve, this partnership will play a crucial role in unlocking new possibilities for the bank and its clients.
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