Spanish bank partners with IBM to drive digital transformation

IBM Corporation

Spanish bank Santander and IBM announced a collaboration to design and develop a suite of IBM MobileFirst for iOS apps to support the banking group’s digital transformation.

According to IBM, these custom-built, native apps made for iOS will be rolled out across more than 11,000 iOS devices.

Using iPhone, Santander employees can expect to have immediate access to up-to-date information on products, services, and clients, allowing them to make better recommendations to customers on bank products.

“Innovation is one of Banco Santander’s identity signs. Collaborating with IBM will help us accelerate our digital transformation and improve the client experience to anticipate customer needs,” said Javier Cuenca, ‎Managing Director T&O Area Banco Santander.

IBM will work with Santander to quickly and efficiently design, develop and deploy multiple native iOS apps using Apple’s modern programming language, Swift.

IT spending by the global BFSI sector is expected to increase in the coming years, as they widely adopt technologically upgraded services.

According to IDC’s Worldwide Semiannual IT Spending Guide: Industry and Company Size, worldwide revenues for information technology (IT) products and services are forecast to reach nearly $2.4 trillion in 2017, an increase of 3.5% over 2016.

Industry spending on IT products and services will continue to be led by financial services (banking, insurance, and securities and investment services) and manufacturing (discrete and process), the market research firm noted.