Spain's Santander plans to cut costs by over €500m under AI strategy
The bank said it is targeting more than €1 billion in extra revenues and cost savings from AI between 2026 and 2028, with over half expected to come through cost-cutting. The savings are set to come from automation, productivity gains and process simplification.
Why they waited for AI to “automate” and “simplify”. Sounds like yet another manager doesn’t understand what they’re talking about