June 9, 2008 - CajaSur and IBM signed a consulting services agreement worth €6.5 million.

 

IBM will help CajaSur transform its information systems with the aim of improving responsiveness and flexibility to help CajaSur adapt to business challenges, improve efficiency, business management and adaptation to regulatory changes.

 

CajaSur is a savings bank located in Cordoba, Spain with more than one million clients, 3,000 employees and 483 branch offices. It recently redefined its strategy to focus on retail banking. The overhaul of its information systems is central to executing its new strategy.

 

The new systems will provide:

 

  • Assistance rolling out corporate strategy,
  • Improved speed to market for new products,
  • Lower technology costs for the development and launch of new products,
  • Consolidated details of customers,
  • Ability to adapt to new regulatory requirements,
  • Advanced risk management mechanisms,
  • A vision of business management indicators from a new angle and
  • Lower technology maintenance costs.

The new systems will be created according to the technological principles of a service-oriented architecture.

 

“Technology is a key element for the financial sector in order to improve productivity, reduce costs and gain flexibility and agility to respond to business challenges. IBM, a leader organization in finding new and better business approaches, will be our partner in the development of innovation projects,” said Santiago Gómez Sierra, CajaSur president said.

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