The Bankwatch

Tracking the consumer evolution of financial services

Banco Sabadell and IBM to Jointly Innovate in Web 2.0 for Financial Services

I had just finished studying the report on Social Personal Finance from Netbanker, when this came across my radar.

Barcelona, June 5th, 2007 – IBM today announced that it has signed an agreement with Banco Sabadell, one of Spain’s biggest banking groups, to jointly develop Web 2.0 technologies for the financial sector. The two companies will create an Innovation task force to be staffed with employees from both organizations.

Both companies will collaborate on adapting Web 2.0 technologies ranging from social networking software, Internet collaboration, blogs, RSS feeds and Web services for use in the financial services industry.

Source: Labs Banco Sabadell

Every FI should have a labs.bank.com site. Great URL.

Time will tell what this initiative produces, and we will follow closely. RSS feed is here.

In any event its a great way for both companies to learn and innovate specifically in financial services, and I wish them all the best.

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Written by Colin Henderson

June 5, 2007 at 12:27

Posted in Banking Strategy

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