Home Bank 5 questions with … Banco Santander International Chief Data Officer David Chaos

5 questions with … Banco Santander International Chief Data Officer David Chaos

0
5 questions with … Banco Santander International Chief Data Officer David Chaos

[ad_1]

Banco Santander International Chief Data Officer David Chaos is concentrated on cloud migration, trendy expertise and buying expertise in his function on the financial institution.

David Chaos, International CIO, Banco Santander

The Cantabria, Spain-based financial institution is migrating its core banking platform to the cloud by means of a partnership with Google Cloud, which was first introduced in October. By the partnerships, the 2 firms launched migration system Twin Run, Chaos informed Financial institution Automation Information.

Chaos just lately shared 1.8 trillion Banco Santander’s digital technique, together with cloud efforts, new tech hub launches and 2023 innovation developments with Financial institution Automation Information. What follows is an edited model of that dialog.

Financial institution Automation Information: What function does expertise and automation play in Banco Santander’s general digital technique?

David Chaos: On the financial institution, we like to think about expertise as “a way to an finish.” Know-how is a really highly effective layer to realize automation and digitization. I might say there’s a direct correlation: The higher expertise is, the larger diploma of automation and digitization are achieved.

At Santander, the overwhelming majority of our buyer transactions are already digital and working on the cloud. In reality, Santander has delivered one of many quickest cloud adoption initiatives on the planet by a world firm. Greater than 90% of our IT infrastructure worldwide has already been migrated to the cloud.

We at the moment are engaged on migrating our core banking platform to the cloud, which is essentially the most vital a part of a financial institution’s IT infrastructure, the place the principle monetary transactions — reminiscent of cash transfers, deposits or loans, —are processed. Santander will quickly be one of many first main banks on the planet to digitalize its core banking. To allow this transition, we’re utilizing Gravity, a bespoke modern software program developed in-house. This software program performs a vital function in modernizing the core banking platform.

As a testomony of the excellent expertise constructed at Santander, Google Cloud has launched Twin Run, a first-of-its-kind mainframe migration service constructed on prime of Santander’s distinctive expertise.

BAN: How is the financial institution’s digital crew evolving following the opening of two new tech hubs?

DC: Expertise is just not simple to search out, and at Santander now we have the dedication to search out it wherever it’s. Right this moment there’s a confluence of things that deliver alternatives in Warsaw and in Malaga to host the most effective tech professionals. We now have arrange new hubs in these places, which is able to home circa 1,400 tech professionals to assist enterprise areas, and we’re hiring round 750 specialists in platforms and APIs, cloud computing, huge information, AI, software program improvement and cybersecurity, amongst others. This can assist us to maintain growing new applied sciences to anticipate buyer calls for.

BAN: How does the financial institution prioritize product improvement? Any improvements within the pipeline for 2023?

DC: We’re full-steam digitalizing our core banking by means of Gravity, and in 2023 we’ll speed up this transition. Day by day, we’re studying on this endeavor. We count on to finish it in all our core markets and companies inside two to 3 years. We’re additionally making a steady effort to maintain our channels trendy and environment friendly, in addition to enhancing our processes and rising continually the automation ranges.

BAN: What applied sciences are you excited for in 2023?

DC: First, our pleasure comes from our every day challenges and transformation initiatives already working, reminiscent of cloud, modernization and automation. We’re additionally actually excited in regards to the world forward of us: fixed evolution of AI, machine studying, ChatGPT, blockchain and robotics.

BAN: What’s the most effective management recommendation you’ve ever acquired? How does that enable you to information your crew?

DC: I’ve been very fortunate in my profession as I at all times had nice leaders round. The appropriate mixture of low lights, the place perseverance and execution are key, mixed with extra strategic views and future considering is the magic mixture I might say. However no doubt, probably the greatest items of recommendation I ever acquired, and which I attempt laborious day by day to not neglect, is to have the most effective expertise round you.

Financial institution Automation Summit US 2023, March 2-3 in Charlotte, is an important occasion on automation expertise in banking and can function a hearth chat with Brinda Bhattacharjee of Goldman Sachs & Co. Register right here. Be taught extra and register for Financial institution Automation Summit US 2023.



[ad_2]

LEAVE A REPLY

Please enter your comment!
Please enter your name here