Yahoo Finance, Tuesday June 5, 9:37 am ET
BARCELONA, SPAIN--(MARKET WIRE)--Jun 5, 2007 -- IBM (NYSE:IBM - News) 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. The collaboration will help to accelerate application development, create applications for different devices and ultimately make access to financial services simpler and easier.
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