Spanish bank BBVA has plans to merge its three tech businesses to establish a new company focussed on software development.
BBVA Next Technologies, BBVA IT España, and Datio will be merged to establish BBVA Technology.
The bank said that the company would have a more “strategic focus” while offering more career development opportunities for its tech teams.
The new company will launch next year with the 3,000 employees already working across the three firms.
BBVA Technology will have offices based in Madrid, Barcelona, and Bilbao.
Current chief executive of BBVA Next Technologies Ricardo Jurado will become chief executive of the new business once the integration process has finished.
BBVA said that software development transformation is one of the strategic priorities of BBVA Engineering over the next few years.
"The new company will consolidate the teams' technical expertise, with access to new career development opportunities and professional growth, while concentrating the company’s processes into a single model," said the bank. "In fact, the evolution towards a single brand intends to foster the attraction of new talent and the creation of a new value proposition, aiming to reinforce satisfaction and loyalty of current teams."
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