CaixaBank completes the largest technological migration in the history of the financial sector in Spain to host the 7.6 million clients of the defunct Bankia on its platform.

The operation will include a massive transfer of data with a volume of 10.4 PetaBytes, equivalent to

45 times the capacity stored in Spotify or 1,800 million songs,

with 2,500 million digitized documents between ID, contracts, signatures, receipts or correspondence.

The migration will prevent Bankia customers from operating with their accounts from this Friday at 3:00 p.m. until Monday, when the work is scheduled to end.

The operation will be carried out in phases given its volume of information.

During its development, Bankia customers will be able to continue using their cards for payments or cash withdrawals at an ATM, although their balance will not be updated.

When the migration phase concludes (predictably, on the night of Saturday 13), both the Bankia website and the mobile banking application will be automatically redirected to the CaixaBank commercial website and the

CaixaBankNow and imagin

applications

.

The first time clients access the new platform they will have to use their old Bankia password.

"As soon as the data migration begins (Friday 12 at 3:00 p.m.), Bankia customers will be able to access their digital banking via web and mobile- and check their balance, but they will not be able to carry out operations. Nor will the movement register be updated in the event that the customer performs card operations or withdrawals at an ATM, "the bank explains in a statement. These limitations will prevent you from temporarily using services like Bizum or sending or receiving immediate transfers.

Technological integration will be the final big blow to the integration process that began more than a year ago.

Before, the bank completed the legal merger to become a single company with the integration of its personnel and its financial magnitudes.

The operation gave rise to the largest bank in the Spanish market, with a presence in

2,200 municipalities through its 6,000 branches

and a volume of assets under management of 685,738 million euros.

According to the criteria of The Trust Project

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