Santander completes migration to cloud banking platform

Santander has migrated its Corporate & Investment Banking (Santander CIB) business to its new digital banking platform called Gravity.

The bank said its proprietary platform allows parallel processing, meaning the bank can simultaneously run workloads on its existing core banking mainframe and in the cloud, allowing it to perform real-time testing with no disruption to its businesses.

Santander has already successfully migrated all commercial customers in the UK and the consumer business in Chile to the Google Cloud-based platform without any service interruption.

The overall transformation will allow for “easier and faster access to data, more simplicity and faster time-to market” while also helping to improve its customer experience and product and service provisions, it added.

“The Santander CIB migration to the cloud is a new milestone in the group’s transformation towards a simpler, more integrated model, contributing to enhanced profitability,” said Dirk Marzluf, chief operating and technology officer at Banco Santander.

Santander began its core banking digital journey in 2022, with the banking announcing that the vast majority of its digitisation aims will be completed by the end of 2024.

The bank added that when it completes its digitisation programme, more than one trillion technical executions will be managed every year by the Gravity platform within Santander’s systems.



Share Story:

Recent Stories


Data trust in the AI era: Building customer confidence through responsible banking
In the second episode of FStech’s three-part video podcast series sponsored by HCLTech, Sudip Lahiri, Executive Vice President & Head of Financial Services for Europe & UKI at HCLTech examines the critical relationship between data trust, transparency, and responsible AI implementation in financial services.

Banking's GenAI evolution: Beyond the hype, building the future
In the first episode of a three-part video podcast series sponsored by HCLTech, Sudip Lahiri, Executive Vice President & Head of Financial Services for Europe & UKI at HCLTech explores how financial institutions can navigate the transformative potential of Generative AI while building lasting foundations for innovation.

Beyond compliance: Building unshakeable operational resilience in financial services
In today's rapidly evolving financial landscape, operational resilience has become a critical focus for institutions worldwide. As regulatory requirements grow more complex and cyber threats, particularly ransomware, become increasingly sophisticated, financial services providers must adapt and strengthen their defences. The intersection of compliance, technology, and security presents both challenges and opportunities.

Unleashing generative AI: A force multiplier for financial crime teams
This FStech webinar, sponsored by NICE Actimize sees industry experts examine the revolutionary impact of generative AI on financial crime operations, and provides actionable insights to enhance your compliance strategies.