We have been selected by the Bank of Spain as one of the companies the entity will use to compete in the tenders planned to address its digitalization over the next four years, which could reach 221 million euros .
The framework agreement will allow the company to participate in the Bank of Spain's technology services tenders, which are open only to the 13 companies selected by the banking supervisor , including us.
At ALTIA, which competed for the tenders in the joint venture with Ayesa, we will participate in the three lots into which the mega-contract has been divided, which aim to modernize the Bank of Spain's technology through its digitalization and evolution toward a data-driven organization . Our service proposal was the highest rated in the lots with the highest financial endowment .
The first lot involves the provision of a series of services, including support and maintenance for business initiatives and solutions , and has a budget of up to €151 million. The second lot comprises tenders related to technological infrastructure and platforms and is valued at €63.6 million. The third lot, with €6 million, is for the provision of consulting and technical advisory services and will manage projects and quality, ensuring the availability, security, and efficiency of the Bank of Spain's systems and applications. The project also includes the provision of a user service and technical support for incidents related to the use of systems and applications, as well as work to complement the capacity of the bank's Information Systems department, facilitating the development and support necessary to address future projects and initiatives.
The agreement therefore allows for contracts for the development, support, and maintenance of business initiatives and solutions, infrastructure, and technological platforms , including consulting and technical advisory services, as well as project management and quality assurance services for the financial institution.
The proposal from the ALTIA and Ayesa joint venture was the highest-rated of the seven approved bids in the first two lots, achieving a technical score of 50 out of 50 , allowing direct access to projects with amounts under €60,000.
“ Advanced analytics , artificial intelligence , hyperautomation , and new low-code development paradigms are generating a multitude of opportunities and challenges for all organizations . Financial institutions, especially an indispensable entity such as the Bank of Spain, must clearly commit to technology as a transformative lever that improves productivity, service quality, and security,” says Alberto Loureiro , director of ALTIA. “That ALTIA, in a joint venture with Ayesa, is among the companies chosen by the entity to compete in its tenders fills us with pride and presents us with a challenge to which we are fully committed to contributing our knowledge, experience, and innovative capabilities and ensuring that the solutions and services provided are of the highest quality and aligned with the objectives and expectations of the Spanish central bank.”
For Belén González , account manager at ALTIA, “We're in a very good position with the ALTIA-Ayesa joint venture for the tenders that the Bank of Spain will launch. The knowledge, team, and service that both companies have will allow us to offer the Bank of Spain a coordinated and unified vision .”
The Bank of Spain , a public law entity that acts as the national central bank and is responsible for supervising the Spanish banking system and other financial intermediaries operating in Spain, has among its objectives the constant adaptation and progress in an economic and social environment that is constantly evolving , especially in the technological field.
This approval underscores the importance of cooperation between financial institutions and technology companies , focusing not only on maintaining existing systems but also on ensuring that technological infrastructures can adapt and evolve in line with the demands of a constantly changing and evolving financial environment. The initiative represents an important step toward the future of the Bank of Spain's IT operations and systems for the coming years.
