CdM | The Spanish bank has been named “world’s most innovative bank” by The Banker magazine. The publication has given the highest recognition of its awards for innovation in digital banking thanks to the successful implementation of Gravity, the digital platform developed by the entity and native in the cloud that is being implemented worldwide to help the bank become a fully digital company. The Banker described Gravity as a “huge and very ambitious” project.
Santander is the first major bank in the world to digitise its core banking software, which is the most critical part of a bank’s IT infrastructure and where the main financial transactions such as money transfers, deposits and loans are processed, and has already migrated more than 90% of its IT infrastructure to the cloud. This transformation is enabling easier and faster access to data, greater simplicity, faster launch of new functionalities for customers, in hours instead of days or weeks, and more frequent app updates. It is also helping the bank to significantly improve customer experience, products and services, and generate value with real-time analytics.
