More NewsGrupo Santander Selects Microsoft for Enterprise Payments Infrastructure

Grupo Santander Selects Microsoft for Enterprise Payments Infrastructure

Grupo Santander has chosen to use Microsoft technology as part of its strategic payments infrastructure. The solution, due to go live during the next year, will see the consolidation of the group’s individual banks’ payments systems from multiple mainframes into one homogeneous IT infrastructure. The consolidated payments system will utilise Microsoft BizTalk Server 2006 as part of its core, as well as Microsoft SQL Server, Microsoft BizTalk Accelerator for SWIFT, and web services. Grupo Santander hopes this technology investment will enable faster payment process times, reduce operating costs and bring significant cost efficiencies to the entire group. The initial phase of the project will see the group’s larger banks – Banco Santander, Abbey National and Banesto – implementing the technology first, followed by the smaller banks and building societies in the group. The Microsoft-based core payments system will enable connectivity and transactions processing for the single euro payments area (SEPA), connecting to the Euro Banking Association (EBA) and UK Faster Payments. Grupo Santander is currently developing different projects that will culminate in a common payment infrastructure for the whole group. These include STP Manager, a system designed to handle all financial message interchanges between the group and external institutions; Faster Payments, a key initiative that will significantly increase the speed of credit transfer from one account to another, enabling internet and telephone banking users to benefit from near-real-time payment processing; and SMS Text Messages Banking, which will offer new services to mobile users, increasing customer loyalty and the bank’s revenue.

Related Articles

Infosys Finacle to power Santander UK’s international cash management system

More News Infosys Finacle to power Santander UK’s international cash management system

4w The Global Treasurer
Preparing for GDPR? Here’s four things to consider

More News Preparing for GDPR? Here’s four things to consider

4m Elliott Wiseman
Cash flow in focus for investors

Cash Management Cash flow in focus for investors

5m Conor Deegan
Treasury TV: Karen Pugsley, Domino's Pizza Group

More News Treasury TV: Karen Pugsley, Domino's Pizza Group

5m Victoria Beckett
Treasury TV: Yeng Butler compares US and European MMF reforms

Compliance Treasury TV: Yeng Butler compares US and European MMF reforms

5m Victoria Beckett
Treasury TV: Tim de Knegt, The Port of Rotterdam

10 Minutes With The Treasury Treasury TV: Tim de Knegt, The Port of Rotterdam

6m Victoria Beckett
Banks are selling clients short with short dated cash deposit U-turns

Banking Banks are selling clients short with short dated cash deposit U-turns

6m Victoria Beckett
What does sterling’s Brexit boost mean for UK manufacturers?

More News What does sterling’s Brexit boost mean for UK manufacturers?

6m Tasja Botha