Bankinter was founded in June, 1965 as a Spanish industrial bank through a joint venture by Banco de Santander and Bank of America. It is currently listed among the top ten banks in Spain. Bankinter has provided online banking services since 1996, when they pioneered the offering of real-time stock market operations. More than 60% of Bankinter transactions are performed through remote channels; 46% of those transactions are through the Internet. Today Bankinter.com and Bankinter brokerage services continue to lead the European banking industry in online financial operations.
Bankinter uses Amazon Web Services (AWS) as an integral part of their credit-risk simulation application, developing complex algorithms to simulate diverse scenarios in order to evaluate the financial health of Bankinter clients. “This requires high computational power,” says Bankinter Director of Technological Innovation, Javier Roldán. “We need to perform at least 5,000,000 simulations to get realistic results.”