In order to advance digitalization across Global Transaction Banking services, Santander Corporate and Investment Banking (Santander CIB) and SAP Spain have formed a strategic partnership. The two companies will work together to develop solutions around the idea of invisible banking, enhance client-to-bank connectivity, offer financial tools to help their clients worldwide navigate supply chain disruptions, and speed up the decarbonization of their industrial activities.

By utilizing the distinctive capabilities and expertise SAP can provide, the agreement will streamline how Santander CIB interacts with its clients. This will result in multiple benefits for the clients, from streamlined connectivity to value-added services related to counterparty risk and supply chain analytics, among other things.

Santander CIB has improved its connectivity capabilities by joining SAP Multi-Bank Connectivity as the first bank in the European Union as a first step (MBC). Due to its safe, quick, and simple deployment, SAP MBC increases the efficiency of Santander CIB’s onboarding of new clients. This would enhance the client experience overall, reducing expenses and speeding up installation to achieve seamless connectivity.

With the goal of transforming the client-to-bank interactions for the entire portfolio of GTB products, this strategic partnership will allow Santander CIB to advance in providing invisible banking solutions to its clients by integrating Santander services within corporate Enterprise Resource Planning (ERP).

“This partnership is a step forward in the digitalization of the solutions we provide to our clients, with a strong focus on connectivity, supply chain management and energy transition. We already have a strong transaction banking solutions portfolio in Europe, America and Asia that help our clients navigate the complexity of doing business globally. This value proposition comes from the combination of understanding their needs and their daily challenges, leveraging on the latest technology that SAP can deliver and the depth and breadth of our product offering.”

          Jose Luis Calderon, head of Global Transaction Banking (GTB) at Santander CIB.

“This agreement, which brings together SAP’s technology and Santander’s products and services, is an example of co-innovation and demonstrates the importance both companies place on improving operational efficiency and customer experience. We look forward to seeing the positive impact it has on our customers.”

                       João Paulo Silva, SVP & GM, SAP South Europe and Francophone Africa.