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Company profile

Banco Santander

global retail banking and financial services · Boadilla del Monte, Madrid, Spain · santander.com

Banco Santander is a global retail bank with five global businesses across Europe and the Americas. Its current strategy emphasizes profitable growth, customer expansion, One Transformation, with a strong shift toward cloud based core systems and broader AI adoption across the group.

Strategic priorities

Profitable growth with customer scale

The bank says its core pillars are Customer Growth, One Transformation, network businesses, aimed at sustainable value and responsible profitable growth.

The group states it operates in 9 core markets and uses those three pillars to create sustainable value.

About us

One Transformation and shared platforms

Santander is standardizing operating and technology models across markets to lower cost to serve and speed delivery.

1Q 2026 results say execution of ONE Transformation includes shared global platforms that enable scalable growth and a lower cost to serve.

1Q2026 Santander Results

Cloud migration of core banking

The bank is moving core infrastructure to its cloud based platform to modernize transaction processing and releases.

In Spain, Santander completed migration of core technology infrastructure to Gravity and said it will reach about 80% of core technology infrastructure in the cloud globally after planned rollouts.

Santander completes the digitalization of its technology infrastructure in Spain with the deployment of Gravity

AI at scale across the workforce

Santander is broadening AI access beyond specialist teams and linking AI usage to operational efficiency and customer service.

The bank extended AI access to all 185,000 employees, said it has more than 280 automation agents in production, set a target of more than EUR 1 billion in AI value for 2026 to 2028.

Santander turns its AI-first strategy into measurable impact and extends AI access to all 185,000 employees

AI program

Santander describes itself as a data and AI first bank and says AI is already helping improve work, customer service, risk management, internal operations. It reports a secure, multi provider approach for specialized use cases, broad employee access, measurable value creation from automation, customer service, software development. The bank says it does not share customer data externally to train third party models.

Technology posture

Santander is moving toward a cloud native, AI enabled operating model built around proprietary platforms, shared global capabilities, secure use of third party technologies.

Cloud
5/5
AI
5/5
Data
4/5

Strong cloud migration and AI adoption, with heavy use of shared platforms and controlled partner ecosystems.

Technology vendor categories

Cloud
Gravity, third party providers, G42 cloud and infrastructure capabilities
AI
OpenAI ChatGPT, Anthropic Claude, Google Gemini, G42, startups and other technology partners
Data
real time data, machine learning, internal data and analytics capabilities, n/a
DevOps
in house software teams, third party providers supporting development environments, n/a
Security
secure environments, cybersecurity and risk frameworks, n/a
ERP
n/a

Recent developments

Sources

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Evidence confidence 88/100. Generated 2026-07-03 from public sources.