Banco Santander has signed a multi-year cloud banking deal with Microsoft Azure.
The Spanish bank is transitioning its IT infrastructure towards a multi-cloud environment with global platforms supported by agile methodologies, as part of a EUR20 billion spend on digital technology over the next four years.
Santander's digital banking offshoot Openbank has already migrated its entire tech platform to Amazon Web Services as part of this transformation programme.
The deal with Microsoft will extend the bank's cloud capabilities across new markets and applications, says Santander. In addition, Microsoft will support the delivery of Azure training and certification programs to employees.