Banco Santander Digital Arm Openbank Migrates to AWS
Banco Santander’s digital arm Openbank has completed its cloud migration, opting for a single-cloud model with Amazon Web Services. Openbank, which entered the market in 1995 as a telephone banking offshoot, relaunched last year as a digital-only operation and transferred all its IT assets and client transactions to the cloud.
The division, which serves 1.3 million customers in Spain, now runs production workloads, including its website, mobile application and core banking system, on AWS. The migration will allow Santander to expand Openbank internationally. The bank hopes that using AWS’s global infrastructure will help Openbank expand efficiently, by replicating key systems across geographic regions.
Cristóbal Miralles, chief technology and operating officer, Openbank, says: "AWS enabled us to launch a secure and reliable digital bank in a multinational environment, complying with European regulation in record time.
"We are using the most comprehensive set of cloud services to evolve our customer service models, and help us meet the rigorous requirements of stakeholders and regulators who need transparency into and proof of robust security architectures that protect both our customers and proprietary data."