- Banco Santander migrates its corporate and investment banking business, Santander CIB, to its cloud-native core banking platform, Gravity, launched in May 2022.
- The Gravity platform is hosted on Google Cloud, handling around one million accounting and half a million treasury operations daily.
- Successful migration of commercial customers in the UK and consumer business in Chile with no service interruptions.
- Brazilian operations’ transition is well advanced; full migration expected to be completed by the end of next year.
- Gravity platform aims to manage over one trillion technical executions annually, improving data efficiency and product agility.
- Anticipates transformation benefits, including real-time analytics for enhanced decision-making.
- Gravity’s unique feature is parallel processing, allowing simultaneous workload execution on mainframes and the cloud, minimizing service disruption during migration.
- The platform’s parallel processing capabilities are extended to other companies through the bank’s partnership with Google Cloud, offering the Dual Run service since October 2022.
- Dirk Marzluf, COO and CTO at Banco Santander, sees the migration as a milestone toward a simpler, integrated model for enhanced profitability.
