Banco Santander and G42 sign Memorandum of Understanding to explore strategic cooperation in Artificial Intelligence
Publish Date: 2026-06-03 08:57:00
Source Domain: www.santander.com
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G42, an Abu Dhabi-based technology group, and Banco Santander, a Madrid-based global banking group, have signed a memorandum of understanding to establish a strategic cooperation framework in artificial intelligence (AI).
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The MOU outlines the structure for developing joint initiatives, including AI-enabled advisory and savings solutions for banking customers and a banking intelligence layer across Santander’s global operations.
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The collaboration is a co-development partnership combining Santander’s banking scale, customer relationships, and regulatory expertise with G42’s AI, cloud, and infrastructure capabilities.
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Two G42 companies, Inception and Presight, are expected to significantly contribute to the joint development efforts, with specific roles to be defined as work progresses and formalized in separate agreements.
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The collaboration intends to build AI solutions with long-term durability, regulatory compliance, and differentiation for Santander’s customers across all markets.
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The partnership aims to create an AI-powered financial agent that provides personalized financial advice and services to every customer, potentially setting a benchmark for AI innovation in financial services globally.
