RSI modernizes its core banking systems with IBM and Red Hat

MADRID, October 28, 2022 – Rural Servicios Informaticos (RSI), a Spanish banking IT services company, and IBM announced an agreement to modernize RSI’s core banking platform with hybrid cloud technology and industry expertise from IBM and Red Hat. The collaboration aims to energize RSI’s digital product and service offerings while expanding its partner ecosystem as it scales its business for a digital first generation.

RSI provides basic banking services to Caja Rural Group, one of the main banking groups in Spain which has a network of more than 46 cooperative banks and rural financial entities. RSI’s banking platform is responsible for serving 8 million end-user customers and executing 5 billion transactions per year.

As part of this agreement, IBM Consulting will work closely with RSI to provide the expertise and capabilities needed to design its hybrid cloud strategy that will support the banking IT group’s digital transformation plan called “Cloud Office”, and will support the migration of basic workloads to the cloud. An important part of RSI’s business strategy is to modernize its platform into a hybrid cloud architecture so that digital channels and applications can run securely in any technology environment. This will help improve operational efficiency and drive innovation, while implementing higher levels of security while meeting industry regulatory compliance requirements.

Customer demand for digital banking services is growing rapidly as regulatory and compliance requirements evolve. RSI is responding by modernizing its technology infrastructure and applications to stay competitive and improve the customer experience. The bank will combine IBM Cloud for Financial Services, with the resiliency of IBM z16 and Red Hat OpenShift, an industry-leading enterprise Kubernetes platform, creating a highly secure environment designed for RSI to manage data, critical services and workflows for its customers across multiple platforms.

“IBM has become a key player in developing RSI’s digital capabilities, due to its deep understanding of the financial industry and its understanding of RSI resulting from many years of successful collaboration. Together, we will combine our new technology infrastructures into an open hybrid cloud operating model that will help us advance the deployment of our technology evolution plan,” said Carlos Cervero, CEO of RSI.

RSI will adopt IBM Cloud for Financial Services and join IBM’s Multi-Cloud Zone (MZR) region in Spain to help ensure the platform meets the country’s financial services regulations. IBM Cloud for Financial Services incorporates built-in security and compliance controls designed to help organizations manage regulatory hurdles that impede IT and application landscape modernization. Supported by a growing ecosystem of more than 125 technology partners and FinTechs, the platform is designed to accelerate transformations for financial institutions while helping to reduce third-party and fourth-party risks throughout the supply chain.

Financial fraud is an industry threat that RSI and its customers proactively address. The new IBM z16 is designed to enable RSI to analyze real-time transactions at scale, to more effectively detect and prevent financial fraud through its integrated on-chip AI accelerator. The IBM z16 is designed with energy efficiency in mind, allowing RSI to achieve better performance with less energy used. The bank could see a reduction in infrastructure energy consumption of 25% and heat dispersion of an additional 25%. This can help reduce CO2 emissions, thereby boosting the achievement of their sustainability goals.

RSI will leverage Red Hat OpenShift to build, deploy, and run cloud-native applications to provide a more consistent experience wherever it’s deployed – in the cloud, on-premises, or at the edge. This will help increase productivity, flexibility and time to market in the development, operation and maintenance of its more than 176 critical business applications.

RSI and Red Hat have a long history of working together. RSI will run this project on Red Hat Enterprise Linux, the world’s first enterprise Linux platform. This digital transformation project will be further enhanced by the automation strategy already deployed by RSI with Red Hat Ansible Automation Platform across its entire infrastructure and operations. By implementing Ansible Automation Platform, RSI not only reduced the delivery time, but also successfully reduced the error rate.

“With cyber risks and regulatory fines dominating the headlines, IBM has led the creation of an industry-specific secure cloud. The controls built into IBM’s cloud platform are industry-informed and aim to help RSI and banking institutions around the world protect highly regulated workloads and meet regulatory requirements. We help our clients manage third-party and fourth-party risk and execute transactions more efficiently.” , said Hillery Hunter, general manager, Cloud Industry Platforms & Solutions, CTO, IBM Cloud.

“Red Hat’s open source technologies provide a solid foundation for RSI to drive the digital transformation of its banking solutions. We are excited to further enable RSI’s core banking platform on Red Hat OpenShift on IBM Cloud for Financial Services, building on our existing support through Red Hat Enterprise Linux and Red Hat Ansible Automation Platform to streamline operations and accelerate innovation in the financial sector. We look forward to continuing our collaboration with RSI and IBM Spain to deliver digital banking services in the region,” said Julia Bernal, country manager for Spain and Portugal, Red Hat.

About IBM

IBM is one of the world’s leading providers of hybrid cloud and artificial intelligence, as well as consulting expertise. We help our clients in over 175 countries capitalize on insights from their data, streamline business processes, reduce costs and gain competitive advantage in their industries. Nearly 3,800 government entities and enterprises in critical infrastructure areas such as financial services, telecommunications and healthcare rely on IBM’s hybrid cloud platform and Red Hat OpenShift to drive their digital transformations quickly, efficiently and safely. IBM’s groundbreaking innovations in artificial intelligence, quantum computing, industry-specific cloud solutions, and consulting provide open and flexible options for our customers. It’s all backed by IBM’s legendary commitment to trust, transparency, accountability, inclusiveness and service. Visit www.ibm.com for more information.

About RSI

RSI is the leading provider of banking as a service in Spain, using a pay-as-you-go method, managing a common IT service center for the financial services sector in Spain. Thanks to innovative solutions that support efficient cost models, our clients return real added value to their customers. For more than 35 years, RSI has constantly invested in the continuous improvement of its financial solutions. These solutions are possible thanks to the development of its own Core Banking and a set of more than 170 applications that cover the software needs of any financial institution. Today, RSI has 74 banks and financial institutions running its systems, 5 trillion transactions are executed annually and 3 million customer cards have been issued. Its technology is widely used throughout Spain, in more than 3,600 bank branches. Additionally, RSI is now leading the technology digitalization of over 8.4 million end customers with digital assets that adapt to the needs of demanding and digital users. Visit www.ruralserviciosinformaticos.com for more information.


Source: IBM