By extending BPÂ²I to Italy, BPÂ²I will be able to provide flexible solutions across both its French and Italian operations. BPÂ²I will provide significant cost savings to the BNP Paribas Group by transforming BNLâs IT infrastructure and aligning it with BNP Paribasâ current infrastructure and standard processes. The agreement will also enable BNP Paribas Group to strengthen BNLâs capabilities to better manage the globalization requirements of the retail banking business.
In signing this agreement, BNP Paribas is expanding its existing partnership with IBM, which began in 2004 when IBM proposed a new IT infrastructure management for BNP Paribas Groupâs Retail and Insurance branches across France, and in doing so, created BNP Paribas Partners for Innovation (BPÂ²I), the IT services company equally owned by BNP Paribas SA and IBM.
IBM is closely working with BNP Paribas Group, supporting its future business initiatives and global ambitions, while consolidating some of BNPâs IT operations, securing resilience capabilities, improving productivity and helping it to deliver high quality services to its clients. Through this agreement, IBM will continue leveraging its global leadership, technology innovation and banking solutions knowledge, for the BNP Paribas Group.
âWe are pleased about the extension of our partnership with IBM and of the scope of operations of our 50/50 joint venture, BPÂ²I. As we progressively build a multi-domestic retail bank across Europe, it will be essential to create European competence centers in each of country, along with aligned processes to leverage the IT operations, all of which will be made possible through BPÂ²I,â says HervÃ© GouÃ«zel, âPrÃ©sident du Conseil de StratÃ©gie et de Surveillance de BPÂ²I.â
âBNP Paribas is known for being at the forefront of the international banking industry,â says Eric Auvray, IBM General Manager for Global Technology Services, Southwest Europe. âAlong with being able to take advantage of IBMâs knowledge and experience in the banking and consumer industry, this agreement will provide a flexible solution that will enable BNP Paribas and its subsidiary office Banca Nazionale del Lavoro, to adjust to the fast-changing demands of a competitive market. This new agreement underscores the strong relationship between both companies and our commitment to deliver the highest level of service excellence to BNP Paribas.â