SAP SE shares rise 1.50% intraday after BBVA and SAP Spain forged a strategic alliance.

SAP SE rose 1.50% in intraday trading, with the company forging a strategic alliance with BBVA to integrate the SAP Multibank Connectivity solution, enhancing corporate banking services and attracting new business clients. This partnership will optimize financial transactions for corporate and business banking clients, making the process more efficient and agile. The alliance will take effect across all countries where BBVA is present, benefiting clients in Spain, Mexico, Turkiye, Argentina, Colombia, Peru, Uruguay, Venezuela, Portugal, the United Kingdom, France, Belgium, Italy, Hong Kong, and the United States.