Banco Santander has announced it’s migrated 80% of its IT infrastructure into the cloud.
In Brief:
It has digitised its core banking platform, migrating 80% of its IT infrastructure to the cloud.
The bank has used Gravity bespoke software.
The operation has required 16,500 software developers and engineers.
What does this mean?
Santander says that moving its infrastructure to the cloud will improve its operations by enabling faster access to data and more frequent updates to its app. It should enable the bank to use real-time analytics in order to drive value.
