Santander Wants AI to Generate €1 Billion in Business Value
Hey Digital Banking Fanatic!
Santander is putting a number on its AI ambitions.
The bank says it expects AI to generate more than €1 billion in business value between 2026 and 2028 and has now expanded AI access to all 185,000 employees globally.
What's interesting is that Santander is no longer talking about AI as a future opportunity.
The bank is already measuring results. It generated €35 million in AI-related business value during the first quarter alone and expects that figure to exceed €200 million by the end of the year.
We're also starting to see a broader shift across financial services.
For years, banks competed on products, branches, and digital experiences. Increasingly, they're competing on how effectively they can deploy data, automation, and AI across the entire organization.
And while we're talking about institutions that are becoming harder to define, keep scrolling for a closer look at Revolut's latest results. With £4.5 billion in revenue, £1.7 billion in profit, 70 million users, and multiple revenue engines scaling at once, the company is looking increasingly like something bigger than a traditional neobank.
Today's remaining Digital Banking headlines are just below. 👇 See you tomorrow!
Cheers,
INSIGHTS
📊 Revolut 2025 financial results. Revolut is increasingly evolving beyond the traditional FinTech label. With £4.5 billion in revenue, £1.7 billion in profit, 70 million users, and more than £50 billion in deposits, the company is scaling multiple revenue streams simultaneously across banking, wealth management, subscriptions, and payments. Read the full article here
NEWS
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🇪🇸 Santander turns its AI-first strategy into measurable impact and extends AI access to all 185,000 employees. Santander is scaling its AI strategy across the organization, targeting more than €1 billion in business value between 2026 and 2028. The bank has already generated €35 million in AI-driven value this year and deployed over 280 automation agents.
🇰🇷 Toss Bank pursues global remittance PoC with Solana. The bank aims to verify the potential use of stablecoins in overseas remittances and later broaden cooperation to payments and digital assets. Toss Bank said it signed a strategic memorandum of understanding with the Solana Foundation in Seoul on June 19.
🇬🇧 Atom installs an AI-ready platform to reduce commercial lending. Installed in partnership with technology firm Flowable, the UK digital bank said the new platform creates a customised architecture for its lending operations, helping to reduce loan origination times and laying the foundations for future AI-powered capabilities.
🇷🇴 Salt Bank launches new plans: Salt Premium and Salt Everyday. The new tiers add benefits such as cashback, free ATM withdrawals, instant transfers, travel perks, airport lounge access, insurance, and lifestyle subscriptions, allowing Romania’s first fully digital bank to expand beyond basic banking services and deepen customer engagement.
🇿🇦 Revolut eyes South Africa launch by 2028 as waitlist nears 100,000. The planned expansion highlights Revolut’s continued global growth strategy as it looks to bring its digital banking, payments, savings, and investment products to one of Africa’s largest and most competitive financial markets.
🇮🇱 Revolut recruits former management members of the Bank of Israel, Leumi, and Hapoalim. Revolut is reportedly nearing approval for a banking license in Israel, which would enable it to offer deposits and loans, while strengthening its local board with former banking industry executives.
🇦🇹 EPI welcomes Erste Bank Oesterreich, Raiffeisen Bank International, and Raiffeisen Landesbanken as new shareholders. With the shareholder support of leading financial institutions, Wero continues to expand its reach and deliver a simple, secure, and real-time payment experience for consumers and merchants alike.
🇬🇧 Lloyds targets more than 1,000 new AI roles as it expands agentic AI capability. The bank is deploying AI across customer service and operations, including AI-powered fraud detection agents and a financial assistant already used by over 500,000 Bank of Scotland customers.
🇬🇧 Monzo taps into English cricket with The Hundred sponsorship. The partnership expands Monzo’s sports marketing presence and will include in-stadium branding during Decision Review System (DRS) moments, helping the digital bank reach the competition’s growing audience across England and Wales.
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