Rabobank Commits €2 Billion to Rebuild Its IT and Data Platforms for AI
Finextra·medium signal
Rabobank announced a €2 billion investment to strengthen its IT and data platforms ahead of a new wave of AI applications. Notably the money is going to the substrate — data platforms and infrastructure — rather than to AI products directly, which is an increasingly common admission from large banks that their data layer cannot support the AI they have already announced. The figure sets a rough benchmark for what platform readiness costs at that institutional scale.