Microsoft to enable digital transformation for Banco Santander

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Spanish retail and commercial bank, Banco Santander, has selected Microsoft Corporation as its preferred cloud service provider for assisting in its digital transformation. The multi-year global partnership aims to drive digital innovation and fuel operational efficiency. This aims to propel the bank’s transition from an IT infrastructure to a multi-cloud environment, supported by agile methodologies.

Dirk Marzluf, Head of Technology & Operations at Banco Santander, said: “We firmly believe that through successful, customer-focused innovation we can earn greater loyalty by improving and personalising customers experiences, while also becoming more agile and efficient. Technology is a key enabler to the success of our business and Microsoft is a strong partner who will help us achieve our vision.”

According to the supplier, Microsoft will extend the bank’s cloud capabilities across its markets, create cloud-native applications and supporting the delivery of Azure training and certification programs to employees. Microsoft Azure is expected to provide Santander with scalability and the technology to introduce new market products through distribution channels and internal operations.

Tom Keane, corporate vice president of Azure Global at Microsoft, said: “Our partnership with Santander comes at a transformative time for financial services, which is pivoting to digital quickly in response to industry-wide changes. We are looking forward to deepening our cloud engagement with Santander as the company continues to drive digital innovation across its global operations.”

Recently, Santander and IBM have announced a five-year global technology agreement valued at approximately $700M to enable Santander Group to accelerate and deepen its business transformation.