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Santander is locked, charged and ready to fire the gun on IBM to try to accelerate the rout of the bank to the cloud.
With this five-year agreement, Santander will have $ 700 million to get its hands on IBM technology, including artificial intelligence in the form of IBM Watson, which will be used to "strengthen the expertise of sector advisers "and increase productivity.
Lloyds finally signs with IBM a mega outsourcing contract in the cloud for a period of 10 years
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Assuming that UK customers can find a branch, of course. Last month, Santander announced that it would close 140 sites and potentially employ 1,270 redundancy workers (although about 400 might find work elsewhere in the group). The move, which, according to the bank, was motivated by the fact that customers do not have branches, will leave 614 British points of sale. For the moment, anyway.
The bank expects to realize savings on the IT spending of the transaction, although one insider said The register The group's IT team was currently somewhat in demand and was recruiting a lot to fill the gaps. However, he felt that IBM technology could prove useful in badytics, with AI proving practical for transaction badysis. He also highlighted HSBC's competitor's plan to move applications and data workloads to Google's cloud.
Although HSBC has had a torrid time lately (villains have had customer details stolen last year), it has implemented fashionable technologies such as Blockchain, and Santander wishes to participate in the event. Party. The group wants IBM to help it build "the most advanced IT architecture in the financial sector".
To this end, Santander has created a cloud competence center, which is moving towards a hybrid and multi-cloud environment. He also plans to boost his processes with IBM tools around DevOps and security so that applications and services are upgraded and used faster.
David Chaos, the group's global CIO, said: "This agreement will enable us to have a global partner with the best technologies to accelerate IT transformation."
Good luck with that.
A Forrester report on the future of computing will make Chaos's reading disappointing. In this paper, badysts have warned that the lack of understanding of higher-level technology, coupled with mere inertia, has led to 50 percent of "digital transformation" efforts, either losing speed or failing.
Although Santander is the latest to join Big Blue, IBM's amazing money-casting machine is working well in the financial sector. A $ 540 million outsourcing contract with Nordea Bank "bringing new efficiencies in their digital transformation" was concluded last month and, of course, there is also a huge 10-year outsourcing contract with Lloyds Bank. And who could have forgotten that TSB, a bank in crisis, was turning to Big Blue at the critical moment? ®
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