Santander CIB partners SAP to digitise global transaction banking services

Santander’s corporate and investment banking division (Santander CIB) has partnered with SAP Spain to boost the digitisation of the bank’s global transaction banking (GTB) services.

Santander CIB partners SAP

The two firms will collaborate to develop “invisible banking” solutions that improve client-to-bank connectivity related to counterparty risk and supply chain analytics.

The strategic partnership will provide Santander CIB global customers with financial tools designed to navigate supply chain disruptions and accelerate decarbonisation efforts.

Santander is the first EU bank to become a member of SAP Multi-Bank Connectivity (MBC), which is designed to enhance the onboarding process of new clients, cutting costs and implementation times.

Jose Luis Calderon, head of GTB at Santander CIB, says the partnership is “a step forward in the digitalisation of the solutions we provide to our clients, with a strong focus on connectivity, supply chain management and energy transition”.