Santander Consolidates Global Tech Platforms to Drive Record Profits

Santander ’s digital transformation and targeted deployment of artificial intelligence helped it achieve record profits in the first half, the bank said in a Wednesday (July 22) earnings release . The bank’s underlying profit rose 15% to reach a record 7.3 billion euros (about $8.3 billion) in the first half. In the second quarter alone, its underlying profit rose 17% to reach 3.8 billion euros (about $4.3 billion), according to the release.