Tagged: santander

Banco Santander Is Reportedly Planning to Shut Down Up to 1,000 Branches, May Cut 4,000 Jobs

Banco Santander S.A. (Santander Group) (BME:SAN), the world’s 16th-largest banking institution and financial services company based in Madrid, has been focused on cost-cutting measures in order to deal with the economic challenges created by the COVID-19 pandemic. Banco Santander along with other Spanish lenders are… Read More

Santander Launches New Banking Account “Santander One”

Santander Bank announced on Friday the launch of Santander One, which is a new simple banking account with service plans through subscription. The banking group revealed it customized the account for individuals and companies with free essential services for loyal customers and offers the possibility… Read More

Santander Bank Partners With Correos to Provide Basic Financial Services in Spain

Santander Bank recently announced it has signed a deal with Correos to provide services in Spain. The agreement will allow the banking group to provide services at a total of 4,675 Correos offices from the first quarter of 2021, with Santander’s basic financial services reaching… Read More

Santander Completes 50.1% Stake in UK Fintech Ebury After £350 million Investment

Spain-based Banco Santander (Santander Group), a multinational commercial bank and financial services company, announced this week it has completed its purchase of a 50.1% stake in Ebury, a UK-based Fintech firm that offers corporate banking services to small and medium-sized enterprises (SMEs) that trade internationally,… Read More

Financial Giant Santander Group Is in the Final Stages of Introducing Cross-Border Payments Service, PagoFX

Banco Santander S.A. (Santander Group) (BME:SAN), the world’s 16th-largest banking institution and financial services company based in Madrid, is reportedly in the final stages of introducing its new Fintech spinout PagoFX, which will compete with leading cross-border money transfer service provider, TransferWise. Sifted reported that… Read More

Banco Santandar Brasil Sells Superdigital to Banco Santandar Spain

Santander has shuffled the deck a bit when it comes to a Fintech acquired back in 2016. According to a public document Banco Santandar Brasil has sold Superdigital (formerly ContaSuper) to Banco Santander Spain. The Fintech was sold for R $ 270 million or about… Read More

Santander Set to Acquire Merchant Service Company Elavon México

Santander Group announced on Monday it has entered into an agreement to acquire merchant payment solutions company Elavon México. Santander reported that it will be acquiring Elavon México for a total of 1,600 million (approximately USD 86 million and EUR 79 million) and Elavon México… Read More

Online Travel Company Despegar Launches Co-Branded Credit Card in Brazil Through Partnership With Santander & Visa

Despegar (NYSE: DESP), an online travel company in Latin America, recently announced its Brazilian subsidiary Decolar launched a co-branded credit card in partnership with Visa Inc. and Banco Santander (Brasil) S.A. for the Brazilian market. Despegar reported that a special feature of this new card… Read More

Santander Appoints Apple’s Trish Burgess As Head of Peer-to-Peer Payments

Santander announced on Thursday it has appointed Trish Burgess as its new Head of Peer-to-Peer Payments. Santander reported that the appointment supports the bank’s commitment to providing customers with “best-in-class payment solutions” as part of its digital transformation. According to Santander, Burgess joins the Santander team… Read More

Generation Z Still Listens to Parents When Selecting Banking Service Providers, Not Too Eager to Try Challenger Banks: Report

While it might be true that young people like to use innovative cell phone apps to streamline their daily activities, reports suggest that fancy software alone won’t necessarily help challenger banks when trying to attract business from Generation Z customers. This, according to a newly… Read More

Banco Santander Acquires Controlling Stake in London-based Fintech Ebury for £350 Million

Madrid-based Banco Santander (Santander Group), a multinational commercial bank and financial services company, will be acquiring a 50.1% stake in Ebury for £350 million (appr. $450.9 million). Ebury is a London-based Fintech firm that offers corporate banking services to small and medium-sized enterprises (SMEs) that… Read More

Digital Asset Platform Securitize Raises $14 Million in Funding Round led by Santander, Mitsubishi & Nomura

Digital asset issuance and management platform Securitize has raised $14 million in a funding round led by three big multinational banks: Banco Santander (InnoVentures), MUFG (Mitsubishi’s VC arm) and Nomura Holdings. The investment is a solid recognition of the growing relevance of digitization of securities… Read More

Banking Giant Santander Conducts One of the Most Advanced Blockchain-based Bond Transactions

Spanish multinational commercial bank Santander has reportedly become the first financial institution to handle all aspects of a bond issuance process on a blockchain-based platform. The world’s ninth-largest financial services company used an ERC-20 compliant token to represent $20 million in issued debt, and settled… Read More

Raisin Partners with Santander on Open Banking, Spanish Savers Gain Access to Higher Interest Rates

Fintech Raisin has announced a new partnership with Santander Spain with an “Open Banking Agreement” which allows customers to authorize the bank to share with Raisin defined data for the registration process, including a customer’s name, date of birth, ID or contact details. Thus, registration… Read More

Bookkeeping Mobile App Albert Acquired By Santander

Albert, a UK-based bookkeeping mobile app, announced on Tuesday it has been acquired by banking group, Santander. Founded in 2014, Albert describes itself as the “brainchild” of the created of award-winning mobile apps such as NatWest, RBS, and the BBC. The app provides customers with a… Read More

Santander’s Changemaker Fund Surpasses £1 Million in Matched Funding

On Tuesday, Santander announced its Changemaker Fund has surpassed £1 million in matched funding and support from the crowd for charities, social enterprises, and community projects across the UK. According to the bank firm, The Fund, which is in partnership with Crowdfunder, supports organizations looking to deliver social… Read More

Santander Plans to Launch New Stand-Alone UK Digital Bank for SMEs

Banking giant Santander is currently making preparation to launch a new stand-alone UK digital bank specifically for SMEs within the next few months. According to the Telegraph, The Spain-based bank is also considering bringing its digital lending service, Openbank to the UK as well. A spokesperson… Read More

Santander InnoVentures Moves into Brazil with Creditas Series-C Investment

Santander InnoVentures, the fintech venture capital fund of Santander Group, has invested in the startup Creditas, a leading Brazilian secured lending platform. Creditas is Santander InnoVentures, Santander’s USD 200 million corporate VC fund, first investment in Brazil and second in Latin America. Creditas increased of… Read More

Santander Launches International Blockchain-Based Money Transfer Service Across Spain, UK, Brazil, & Poland

Santander announced on Thursday the launch of its new international payments service using blockchain-based technology. The service is available to retail customers in Spain, UK, Brazil, and Poland, and will be rolled out across more countries in the coming months. According to Santander, the new… Read More

American Express Launches Blockchain-Enabled Cross-Border Business-to-Business Payment Services Using Ripple Technology

On Thursday, American Express (NYSE: AXP) announced the introduction of blockchain-enabled, business-to-business cross-border payments. The American Express FX International Payments (FXIP) business is working with fintech startup Ripple to reduce the time and cost of the settlement while maintaining the level of security that American… Read More

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