Santander moves 80% of IT infrastructure to the cloud

Santander has successfully migrated 80 per cent of its IT infrastructure to the cloud, making it one of the largest banks in the world to have digitalized its core banking systems.

The Spanish banking giant said the cloud migration and digitalization project, enabled by Gravity, a software developed in-house, would help the organisation become “digital-native” within the next 2-3 years.

The core banking platform is the most critical part of a bank’s IT infrastructure and is where the main financial transactions, such as money transfers, deposits or loans, are processed.

Santander said the digitalization of its core banking technology is enabling Santander and its customers to harness data and real-time analytics, while helping teams to develop and offer new services more quickly and drive efficiencies.

The digitalization will also make it possible for Santander’s 16,500 software developers and engineers deliver new capabilities and features in hours rather than days, as well as new app updates, the bank said.

Santander also believes the cloud migration will reduce the cost of running its core banking platform and will decrease the bank’s energy consumption for IT infrastructure by 70 per cent, contributing to Santander’s responsible banking targets.

Santander Group said it expects to fully complete the transition to cloud across its core markets and business within two to three years.

Dirk Marzluf, chief operating and technology officer at Banco Santander said: “Gravity will help transform Santander into a ‘digital-native’ company, with the agility and capabilities to offer the best customer experience, while continuing to provide the solid security for data and assets we’ve always delivered our customers.

“The initiative is an important next step in the bank's transition to a common tech stack that is utilised across the group's footprint for the benefit of both customers and shareholders. We are now closer to Santander’s aim of becoming the best open financial services platform."

    Share Story:

Recent Stories


New Business Frontiers
FStech’s Mark Evans discusses the future of financial services with Liu Jianning of Huawei, covering the limitations that current thinking can impose, how financial institutions can embrace technology to be both agile and resilient, and making space for the organisation to focus on the job of creating innovative business models and on delivering business value for their customers.

The Future of Intelligent Finance
FStech Group Editor Mark Evans sits down with Jason Cao, President of Global Financial Services Business Unit, Enterprise BG at Huawei ahead of its Intelligent Finance Summit which was held on 3rd and 4th of June in Shanghai. This Q&A delves into key trends in digital transformation of the financial services industry as well as a look at how data, robotic infrastructure, intelligent storage and innovative technologies are shaping the future for FSIs.

Cracking down on fraud
In this webinar a panel of expert speakers explored the ways in which high-volume PSPs and FinTechs are preventing fraud while providing a seamless customer experience.