BNP Paribas, the leading bank in the Euro zone in terms of net income and market capitalisation, and IBM have signed a multi- year services agreement worth up to 1-billion-Euro. Key element of the agreement is that BNP Paribas and IBM will set up a single purpose joint venture to transform the bank's IT into an on-demand infrastructure. Both BNP Paribas and IBM will staff this new entity to help BNP Paribas achieve additional performance improvements and cost savings.
Sustained excellence through IT
BNP Paribas views its IT performance as key to the group's competitive advantage. BNP Paribas wants to further improve its ability to respond quickly to new market requirements and optimize its information technology infrastructure. The joint venture with IBM enables BNP Paribas to maintain the highest skill levels of its technical staff, to manage its information technology proactively and to improve service flexibility. Once the transformation to an on demand IT infrastructure is complete, the partnership with IBM will enable BNP Paribas to manage cost optimally, which is critical in the highly competitive banking industry.
Hervé Gouëzel, CIO of BNP Paribas, said: "BNP Paribas and IBM have a long-term relationship. We share a common vision of technology trends in the banking industry. The strategic alliance of two leaders in their field will be key to BNP Paribas's future challenges. In addition, this long-term partnership ensures that our technical staff will remain with BNP Paribas. The new entity that we are setting up with IBM is already positioning itself as on-demand reference in the banking industry. It is scalable enough to sustain future growth and adapt to changes in the banking industry."
An innovative business model in the banking industry
The partnership with IBM is in line with the bank's strategic vision to make technology a major lever for competitive differentiation and advantage. IBM will provide industry insight in the Banking and Financial Services industry as well as know-how in using technology to support the transformation of IT infrastructures. Dominique Cerutti, General Manager of IBM Global Services for Europe Middle East and Africa, said "IBM provides value not only by matching technology to business requirements, but also in delivering expertise and insight in banking and financial services."
Some figures
The new joint venture will provide services to operate BNP Paribas IT service infrastructures and will employ 450 staff.
It deploys computing power on mainframes estimated at 26 billion operations per second (26,000 MIPS), an online storage capacity of 400,000 billion characters (400TB), and 7000 servers.
About BNP Paribas
BNP Paribas (www.bnpparibas.com is a European leader in banking and financial services, with leading positions in Asia and an active presence in the United States. It is the first bank in terms of net income and market capitalisation in the Euro zone. The group has one of the largest international banking networks with a presence in 85 countries and more than 87,700 employees, including 66,000 in Europe. BNP Paribas enjoys key positions in Corporate and Investment Banking, Private Banking & Asset Management, Insurance, Securities Services and Retail Banking.
About IBM
IBM Global Services is the world's largest information technology services and consulting provider, generating over $36 billion in 2002. Approximately 180,000 professionals serve customers in over 160 countries, providing the entire spectrum of customers' e-business needs - from the business transformation and industry expertise of IBM Business Consulting Services to hosting, infrastructure, technology design and training services. IBM Global Services delivers integrated, flexible and resilient processes - across companies and through business partners - that enable customers to maximize the opportunities of an on-demand business environment. For more information about IBM Global Services, including IBM Product Lifecycle Management Services and Digital Product Validation, visit : www.ibm.com/services
Sustained excellence through IT
BNP Paribas views its IT performance as key to the group's competitive advantage. BNP Paribas wants to further improve its ability to respond quickly to new market requirements and optimize its information technology infrastructure. The joint venture with IBM enables BNP Paribas to maintain the highest skill levels of its technical staff, to manage its information technology proactively and to improve service flexibility. Once the transformation to an on demand IT infrastructure is complete, the partnership with IBM will enable BNP Paribas to manage cost optimally, which is critical in the highly competitive banking industry.
Hervé Gouëzel, CIO of BNP Paribas, said: "BNP Paribas and IBM have a long-term relationship. We share a common vision of technology trends in the banking industry. The strategic alliance of two leaders in their field will be key to BNP Paribas's future challenges. In addition, this long-term partnership ensures that our technical staff will remain with BNP Paribas. The new entity that we are setting up with IBM is already positioning itself as on-demand reference in the banking industry. It is scalable enough to sustain future growth and adapt to changes in the banking industry."
An innovative business model in the banking industry
The partnership with IBM is in line with the bank's strategic vision to make technology a major lever for competitive differentiation and advantage. IBM will provide industry insight in the Banking and Financial Services industry as well as know-how in using technology to support the transformation of IT infrastructures. Dominique Cerutti, General Manager of IBM Global Services for Europe Middle East and Africa, said "IBM provides value not only by matching technology to business requirements, but also in delivering expertise and insight in banking and financial services."
Some figures
The new joint venture will provide services to operate BNP Paribas IT service infrastructures and will employ 450 staff.
It deploys computing power on mainframes estimated at 26 billion operations per second (26,000 MIPS), an online storage capacity of 400,000 billion characters (400TB), and 7000 servers.
About BNP Paribas
BNP Paribas (www.bnpparibas.com is a European leader in banking and financial services, with leading positions in Asia and an active presence in the United States. It is the first bank in terms of net income and market capitalisation in the Euro zone. The group has one of the largest international banking networks with a presence in 85 countries and more than 87,700 employees, including 66,000 in Europe. BNP Paribas enjoys key positions in Corporate and Investment Banking, Private Banking & Asset Management, Insurance, Securities Services and Retail Banking.
About IBM
IBM Global Services is the world's largest information technology services and consulting provider, generating over $36 billion in 2002. Approximately 180,000 professionals serve customers in over 160 countries, providing the entire spectrum of customers' e-business needs - from the business transformation and industry expertise of IBM Business Consulting Services to hosting, infrastructure, technology design and training services. IBM Global Services delivers integrated, flexible and resilient processes - across companies and through business partners - that enable customers to maximize the opportunities of an on-demand business environment. For more information about IBM Global Services, including IBM Product Lifecycle Management Services and Digital Product Validation, visit : www.ibm.com/services