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.
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