Spanish bank Santander has made a multimillion-dollar investment in a new Brazil datacenter facility to increase availability, as well as processing and storage capabilities.
The institution has invested R$ 1,1bn ($338m) in the facility, according to newspaper Valor Econômico. The investment is being made to respond to increased consumer demand for electronic banking channels such as m-banking.
"Looking at long-term demands, we've built the datacenter with enough capacity and availability to support the aggressive growth that we have observed in the mobile and Internet channels," Santander Brazil CIO Marino Aguiar told Valor.
Aguiar added that the investment in private and hybrid cloud resources for the new facility means that the total operating cost for the bank will also be reduced.
Electronic channels such as mobile banking are expanding fast in Brazil because they are usually cheaper for consumers than traditional banking services.
According to numbers by the Brazilian Banking Federation, the number of banking transactions carried out via a mobile device has gone up from 4,7 billion in 2014 to 11,2 billion in 2015, a 138 percent adoption growth.