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Offering Data Storage: The Way Forward for Banks?

Offering Data Storage: The Way Forward for Banks?

In the couple of weeks since Santander's chairman, Ana Botín, told the Financial Times that Santander has plans to lease out its datacenter facilities to corporate customers, the industry has been mulling over the implications.

After years in which the discussion has been about how banks are fated to be displaced by tech companies, here is a rare example of the opposite happening, or at least the opposite possibility being held out by one prominent lender. "As I think how I am going to compete with all these new technology players, I can offer the same services as some of these big guys," Botín told the FT.

Please Note: Extended description available upon request.


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