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Santander UK owner reveals plans to cut costs by over £430m under AI strategy
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NEWSDECK ANALYSIS
Banco Santander, the Spanish banking group that owns Santander UK, has been investing heavily in digital transformation in recent years, with a focus on leveraging technology to improve efficiency and customer experience. The company's AI strategy is part of a broader effort to stay competitive in a rapidly changing financial services landscape, where banks are under pressure to reduce costs and improve profitability. By targeting significant cost savings, Banco Santander aims to achieve a more sustainable business model and drive long-term growth.
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Santander UK owner reveals plans to cut costs by over £430m under AI strategy
Banco Santander is targeting more than one billion euros (£860 billion) in extra revenues and cost savings from AI between 2026 and 2028
22 Jun, 08:58
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