Framework covers banking intelligence, agentic financial services and large-scale AI infrastructure;
ABU DHABI, United Arab Emirates, 4.6.2026 – Presight, a global leader in applied AI for intelligent systems, and Banco Santander, S.A. (“Santander”), the Madrid-based global banking group, have signed a memorandum of understanding establishing a framework for strategic cooperation in artificial intelligence.
The MOU sets out a structure for the parties to evaluate and develop joint initiatives across a number of initial workstreams, including AI-enabled advisory and savings solutions for banking customers.
The collaboration is structured as a co-development partnership, combining Santander’s banking scale, customer relationships and regulatory expertise with Presight’s and G42’s artificial intelligence, cloud and infrastructure capabilities.
Santander Chief Data & AI Officer, Ricardo Martín Manjón, said: ‘’This agreement reflects Santander’s conviction that artificial intelligence will be foundational to the future of banking, not a feature layered on top of it. We are approaching this as a long-term strategic partnership with one of the world’s leading AI groups, we intend to build something that is durable, compliant by design, and genuinely differentiated for our customers across all our markets.”
“G42 was built on a principle that the most consequential AI of this century cannot be outsourced – it has to be built deliberately, by institutions that own the strategic direction of the technology and choose the right partners who engineer it with them”, said Ali Al Amine, chief commercial officer at G42 International. “Santander has chosen that path. The technology, the talent and the discipline we bring to this partnership reflect a decade of delivering sovereign AI exactly where the stakes are highest - across governments, healthcare and now banking at global scale”
"For a generation, the experience of being known by your bank - anticipated, advised, acted for - has been the privilege of private banking customers," said Thomas Pramotedham, chief executive of Presight. "Together with Santander, Presight intends to build an intelligence platform designed to bring that experience within reach of every customer: an AI-powered financial agent that knows them, anticipates them and acts for them within the boundaries they set. The collaboration could become one of the largest enterprise agentic AI mandates in European and Latin American banking, with the potential to set a benchmark globally for AI innovation in financial services."
The parties intend to progress each workstream through dedicated governance, with any commercially binding arrangements documented through that process.