Banco Santander migrates corporate and investment banking business to the cloud

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.