Santander partners with Nvidia to boost AI deployment
The bank, in collaboration with the chip manufacturer, will develop AI capabilities aimed at reducing costs and improving customer service and revenue generation.
Santander has partnered with Nvidia to boost profitability through the deployment of AI capabilities. The three-year agreement will cover areas such as foundational models, AI agents, and fraud prevention. The partnership aims to enable real-time decision-making and advanced simulation technologies, including digital twins. Santander expects the impact of AI to exceed €1 billion between 2026 and 2028, with €200 million expected by 2026. The bank has already achieved cost reductions of over 50% in experimental cases.
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