Ibercaja Banco is advancing its digital transformation and strengthening its consumer financing activities. The aragonese bank has completed the acquisition of the Orange Bank technology platform, recognized as one of the industry’s most advanced, and has integrated its dedicated IT team. This move, announced in June 2024, accelerates Ibercaja’s growth strategy in digital financial services and signals a broader commitment to online and mobile offerings for customers in both Canada and the United States, as noted in Ibercaja communications from that period.
Specifically, the bank enhances its ability to deliver advanced solutions in consumer financing, leasing, and payment methods through cutting‑edge technology and an innovative product development approach that prioritizes speed and reliability.
The IT team from Orange Bank, highly qualified, joins a newly formed technology subsidiary, Ibercaja Technology Services, which will initially employ around 40 specialists. Ibercaja emphasizes that this team brings valuable experience in agile project methodologies, the development of next‑generation platforms, and sophisticated financial products in consumer financing, leasing, and payments.
Leandro Hermida Brañas, director of Technology and Systems at Ibercaja, underscored the importance of collaboration for a successful integration. He explained that the key to success will lie in the cooperation and synergies between a reference IT team known for agile methods and extensive platform knowledge, and Ibercaja Banco’s existing teams that have driven the bank’s transformation in recent years. The aim is to achieve the perfect balance between innovation, agility, robustness, and experience.
N e w C o n s u m e r a n d P a y m e n t S o l u t i o n s
With the addition of the state‑of‑the‑art platform and the specialized IT team from Orange Bank, Ibercaja Banco strengthens its capacity to evolve and roll out new products in consumer financing, leasing, and payments. These products will be developed and deployed within Ibercaja Banco and in its specialized subsidiaries such as Ibercaja Servicios de Financiación or Ibercaja Renting, which have led the creation of client‑centered financial solutions and are driving ambitious growth to meet rising demand for digital financial services from the bank’s customers across the region.
A d v a n c e d T e c h n o l o g y I n f r a s t r u c t u r e
The Orange Bank platform is scalable and flexible, aligning with Ibercaja’s digital transformation goals. This cutting‑edge infrastructure also reflects close collaboration between Ibercaja’s technology team and top partners such as Mambu, AWS, Hiberus, Mastercard, Electronic ID, and Experian.
The ongoing alliance with Amazon has been pivotal for developing innovative projects like Pensumo, a new consumer pension application recently launched by Ibercaja. Collectively, these efforts position Ibercaja as a notable entrant in the Spanish digital financial services landscape, with expanding capabilities across Europe and North America as the bank continues to mature its digital product suite.