Banco Santander Credits Technology Platforms for Achievement of Record Results

Core Insights - Banco Santander achieved record results in 2024, driven by its technology platforms [1][2] - The bank reported record levels in net interest income, net fee income, total income, and profit [2] - The bank added 8 million new customers, bringing its total to 173 million across 10 core markets [3] Technology and Strategy - Santander's scale allows it to build its own technology platforms, enhancing customer service while reducing costs [2] - The launch of Openbank in the U.S. and partnerships with Amazon and Apple reflect the bank's strategy to improve customer solutions and transform its operating model [3][4] - Zinia, Santander's consumer finance platform, partnered with Amazon to launch a new Amazon Visa card in Germany [4] Future Outlook - Santander aims to have a full-service digital bank in the U.S. by the end of 2025 [4] - The bank's global platforms are enhancing its wealth business and payments connectivity [5] - The Executive Chair expressed confidence in the bank's potential for increased profitability in 2025, citing a new era of value creation [5]