BBVA relies on a new Bull supercomputer
- BBVA's bullx supercomputer will be the fifth most powerful in Spain, and is said to be the country's leading system in the banking sector
- BBVA will reduce the time taken to run models of complex trend scenarios and financial forecasts by up to three times
22, 2011 -
To support the group's continued growth and help it to establish itself as a major player among the leaders in international banking, BBVA needed to significantly increase its information technology resources supporting it financial market activities. To help achieve this, Bull has supplied the bank with a flexible and modular solution that will enable BBVA to make significant progress in High-Performance Computing (HPC) and protect their investment.
Extreme Computing supporting BBVA
Bull's solution consists of a bullx cluster delivering 41 Teraflops of power, which will help ensure BBVA's position as a leader in world markets.
BBVA has trebled its computing resources and, as a result, will reduce the time taken to run mathematical modeling scenarios by up to three times, enabling it to manage financial risks better and giving it a competitive advantage when it comes to getting the best price for complex financial products.
BBVA is a global group that offers individual and corporate customers the most complete range of financial and non-financial products and services. It enjoys a solid leadership position in the Spanish market, where it first began its activities over 150 years ago. It also has a leading franchise in South America; it is the largest financial institution in Mexico; one of the 15th largest US commercial banks and one of the few large international groups operating in China and Turkey. BBVA employs 105,000 people in over 30 countries around the world, has more than 47 million customers and 900,000 shareholders.
Bull is a leader in secure mission-critical digital systems. The Group is dedicated to developing and implementing solutions where computing power and security serve to optimize its customers' information systems, to support their business.
Bull operates in high added-value markets including computer simulation, Cloud computing and 'computing power plants', outsourcing and security.
Currently Bull employs around 9,300 people across more than 50 countries, with over 700 staff totally focused on R&D. In 2012, Bull recorded revenues of 1.3 billion.
For more information visit: http://www.bull.com