Openbank takes off with AWS
Openbank, a digital subsidiary of the Santander Group, has revealed that Amazon Web Services (AWS) is now supporting the bank’s systems.
The bank says it has signed up for the cloud infrastructure to “innovate quickly and more frequently on behalf of its 1.3 million customers in Spain”.
The digital bank will run production workloads on AWS, including its website, mobile application, and core banking system, with plans to expand internationally leveraging this tech.
“AWS enabled us to launch a secure and reliable digital bank in a multinational environment, complying with European regulation in record time,” says Cristóbal Miralles, chief technology and operating officer at Openbank. “We plan to leverage AWS’s advanced machine learning technologies like Amazon SageMaker to automate tasks related to financial operations and use more analytics capabilities to gain deeper insights.”
Openbank worked with AWS to migrate its mission-critical data lake from on-premises to a cloud-based architecture.
The bank’s data lake now uses Amazon Simple Storage Service, Amazon Lambda, and Amazon Athena, as well as Amazon Elastic Container Service for web and mobile front-end applications.
“Santander’s Openbank is using AWS’s analytics services, big data capabilities, and machine learning services to make decision-making a science, rather than a guessing game, which has already had a major impact on the bank’s plans for long-term growth and expansion,” says Mike Clayville, vice-president, worldwide commercial sales at AWS.
