Tagged: santander

Openbank and Santander Consumer Finance to Integrate Services in Europe

Openbank and Santander Consumer Finance announced that they will integrate in Europe, expanding their range  of products and services to customers. Banco Santander (NYSE: SAN) noted that it will merge Openbank and Santander Consumer Finance (SCF) into a single legal entity and will gradually operate its… Read More

Santander Announces US Equity Research Alliance with Nephron Research

Santander Corporate & Investment Banking announced that its U.S. broker-dealer, Santander US Capital Markets LLC, entered a strategic alliance with healthcare-focused Nephron Research LLC. This is reportedly Santander CIB’s third equity research alliance in the United States, following agreements entered with Telsey Advisory Group LLC,… Read More

Openbank and Upvest Aim to Enable Modern Investing at Scale

Openbank, part of the Santander Group, has chosen Upvest as its new investment infrastructure provider. By integrating Upvest’s Investment API, Openbank is “strengthening its investment offer with a modern experience and deep localisation in the German market.” This enables Openbank to offer a “digital-first product… Read More

Santander Moves to Create Native AI Bank, Partners with OpenAI

Global bank Santander shared its vision yesterday of becoming an AI-native bank, partnering with OpenAI to achieve this goal. In a blog post, Santander Chief Data & AI Officer Ricardo Martín Manjón explained that they seek to reshape banking by modernizing operations, providing a personalized, agile, and efficient banking… Read More

Santander to Acquire UK’s TSB from Sabadell for £2.65B

Santander announces that it has reached an agreement to acquire 100% of TSB Banking Group plc (TSB) from Banco de Sabadell, S.A. (Sabadell), with a valuation of “£2.65 billion (approximately €3.1 billion) in an all-cash transaction.” TSB is said to be a well-established UK retail… Read More

Digital Banking : Openbank Onboards Over 100,000 Clients in Mexico

Openbank, Grupo Santander’s fully digital bank, announced today that it has reached 110,000 customers in Mexico in less than four months. Since landing on Mexican shores in February, Openbank has grown strongly, which confirms “that more Mexicans are seeking digital financial solutions that fit their… Read More

AI Expected to Become Major Disrupter to Global Job Market : Santander

The traditional single-time study paradigm is no longer adequate in a world of constant economic, technological, and social change. Santander’s Tomorrow’s Skills report, released recently, reveals a new landscape – one where lifelong learning is “the cornerstone of professional development.” According to the research report,… Read More

Deutsche Bank, Morgan Stanley Announce Layoffs, Signaling Major Transformation of Traditional Roles

Photo courtesy notionscapital on Flickr

The global labor market is undergoing a seismic shift, as evidenced by recent announcements from major financial institutions like Deutsche Bank (NYSE: DB), Morgan Stanley (NYSE:MS), and Santander UK. This past week, these banks revealed plans that underscore the dual pressures of socioeconomic uncertainty and… Read More

Santander to Shutter One-Fifth of UK Branches Amid Shift to Digital Banking

In a restructuring move, Santander UK, the United Kingdom based division of the Spain’s Banco Santander (NYSE: SAN), announced that it will close 95 of its 444 U.K. branches, representing roughly one-fifth of its physical network. The bank has posted a list of the impacted branches… Read More

Openbank by Santander Reaches $2B in Deposits in the US

Santander Bank, N.A. (NYSE: SAN) announced that the Openbank digital bank platform topped $2 billion in total deposits since going to market in the United States in the fourth quarter of 2024. This achievement is said to represent a key milestone in the Santander US… Read More

Executive Looks to Dispel Rumors Santander May Exit UK Market

A recent report that Santander may exit the UK market compelled the bank’s Executive Chairman to throw cold water on the rumors. Speaking at the WEF in Davos, Ana Botin told the audience they love the UK market, claiming it will remain a core market… Read More

UK’s Digital Bank OakNorth Participates in Club Loan to STAR Capital to Support Buy-Out of Subsea Technology & Rentals

OakNorth, the digital bank for entrepreneurs, has partnered with HSBC and Santander on a club lending facility to Star Capital to support its buy-out of Subsea Technology & Rentals (STR). The capital will reportedly enable STR to evolve its equipment and service offering via “organic… Read More

Santander Forms US Equity Research Alliances with Telsey Advisory Group, Vertical Research Partners

Santander has recently announced U.S. equity research alliances with Telsey Advisory Group and Vertical Research Partners. These alliances expand Santander Corporate and Investment Banking’s research capabilities in the United States, complementing the Group’s market position in Europe and Latin America. Santander Corporate & Investment Banking… Read More

Apollo Teams Up with Santander on $370M Infrastructure Portfolio Financing

Apollo (NYSE: APO) and Santander announced that Apollo-managed funds and affiliates have agreed to invest in an approximately $370 million portfolio of infrastructure credit. The transaction was led by Apterra, an affiliate of Apollo founded in 2023 that specializes in “financing solutions for infrastructure projects.”… Read More

Santander Introduces Benefits for European Startups, SMEs that are Part of Santander X Global Platform

Santander (NYSE: SAN) has added new benefits for the entrepreneurs, startups, scaleups and SMEs that form part of its Santander X global platform that helps companies in 11 countries grow through the stages of their life cycle — “from launching a project to scaling a… Read More

Santander and Atitlan Introduce Platform for Investing Over €500M in Agricultural Initiatives

Santander and Atitlan launch Atgro, a platform for investing over €500 million in agricultural projects. The fund is being launched with initial contributions of €200 million “by the bank and EUR 50 million by Atitlan, with the aim of doubling these resources” to boost the… Read More

Amazon and Santander to Launch Visa Credit Card in Germany

Amazon (NASDAQ:AMZN) and Santander (NYSE: SAN) have announced a partnership to launch its new Amazon Visa credit card in Germany. The card has no annual fee and does “not require customers to open a new bank account.” Amazon Visa enables customers to earn rewards “while… Read More

Santander Announces Zinia as Consumer Finance Provider for Apple in Germany

Santander recently announced that Zinia, its digital consumer finance platform, will become the new consumer finance provider for Apple in Germany. Zinia will aim to offer customers purchasing Apple products “both in Apple stores and online at apple.de the option to defer payments by splitting… Read More

Iberpay and Santander Announced As Inaugural Participants in One-Leg Out Instant Credit Transfer Scheme

Iberpay and Santander are the inaugural participants in the One-Leg Out (OLO) Instant Credit Transfer (OCT Inst) scheme. Iberpay will act as a Clearing and Settlement Mechanism (CSM) “for OCT Inst transactions via Santander, and will also “be a scheme participant in the role of… Read More

Santander to Launch Openbank in the US and Mexico

Santander (NYSE: SAN) is announcing the launch of a new national, digital offering in the United States under the Openbank brand in the second half of 2024. Openbank will also be launched in Mexico in the same timeframe. Openbank operates with “a technological platform designed… Read More

Send this to a friend