G42, Banco Santander Sign MoU to explore strategic cooperation in artificial intelligence — TradingView News
Publish Date: 2026-06-03 11:25:00
Source Domain: www.tradingview.com
- Abu Dhabi-based technology group G42 and Madrid-based global banking group Banco Santander (Santander) have signed a Memorandum of Understanding (MoU) outlining strategic cooperation in the field of artificial intelligence (AI).
- The joint efforts will focus initially on AI-enabled advisory and savings solutions for bank customers, and a banking intelligence layer across Santander’s worldwide operations.
- The collaboration is structured as a co-development partnership combining Santander’s extensive banking scale, customer relationships, and regulatory expertise with G42’s AI, cloud, and infrastructure capabilities.
- Two G42 entities are expected to be pivotal in this partnership: Inception, G42’s AI company, and Presight, a global leader in applied AI for intelligent systems.
- Both companies emphasize a long-term commitment to developing AI within the financial sector, focusing on creating durable, compliant, and differentiated AI solutions for Santander’s customers globally.
- The partnership is built on a decade of delivering sovereign AI for governments, healthcare, and now banking at a large scale, according to G42 executives.
- Santander’s Chief Data & AI Officer, Ricardo Martín Manjón, highlighted the agreement represents a belief that AI is fundamental to the future of banking.
- The project will progress with dedicated governance, subject to necessary regulatory approvals and compliance with legal and data protection requirements.
