Tagged: banco santander

October 29, 2024 @ 10:41 pm By Omar Faridi  |  

Banco Santander, Lloyds Banking Group, and UBS have  completed the first uncleared bilateral margin payments using a digital representation of central bank funds on the Sterling Fnality Payment System (£FnPS). This “real-world” proof-of-concept reportedly “proves” that Fnality can be used to make bilateral margin payments… Read More

September 28, 2024 @ 10:32 am By Omar Faridi  |  

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

February 1, 2024 @ 7:58 pm By Omar Faridi  |  

Banco Santander has announced the appointment of Petri Nikkilä as the new global CEO of Openbank and head of the Digital Consumer Bank’s non-auto consumer business. Mr. Nikkilä succeeds Ezequiel Szafir, who “was Openbank’s CEO until last year, and will report to Daniel Barriuso, head… Read More

January 16, 2024 @ 8:30 am By Omar Faridi  |  

In 2023, Santander (NYSE: SAN) recruited over 4,500 employees with digital skills around the world to drive the group’s transformation. The growing demand for these types of professionals in the market, in particular in financial institutions, led Santander “to launch a targeted recruitment strategy under… Read More

April 8, 2023 @ 10:36 am By Omar Faridi  |  

Banco Santander (NYSE: SAN) and Microsoft (NASDAQ: MSFT) are teaming up with Oxentia Foundation in order to launch a new global challenge for entrepreneurs from 11 countries. The challenge aims “to find innovative artificial intelligence solutions that will have a positive impact to address social… Read More

December 14, 2022 @ 11:46 am By Omar Faridi  |  

Banco Santander (NYSE: SAN) has opened new tech hubs in Malaga, Spain and in Warsaw, Poland to support business units. Together, they will “employ some 1,400 professionals with backgrounds in science, technology, engineering and maths (STEM), who will contribute to the bank’s digital and business… Read More

December 3, 2022 @ 2:07 pm By Omar Faridi  |  

To help customers manage their finances, Santander has launched two new tools on its Financial Support Hub, a Budget Calculator and Financial Health Check. These tools will “provide customers with advice on how to manage their finances, helping them to review their spending and budget… Read More

October 20, 2022 @ 10:17 pm By Omar Faridi  |  

Banco Santander (NYSE: SAN), which claims to be one of the largest banks in the world with over 157 million customers, and Forgepoint Capital, one of the “leading” venture capital firms focused on cybersecurity, announced a strategic alliance “to drive cybersecurity investment and innovation globally.”… Read More

August 31, 2022 @ 9:50 am By JD Alois  |  

Banco Santander has enlisted Trovata to provide cash forecasting and liquidity management for its corporate clients. In a corporate statement, Trovata said that the agreement was for global distribution with Santander. The partnership is expected to see Santander market Trovata’s cash management platform to its… Read More

June 21, 2022 @ 10:17 pm By Omar Faridi  |  

Héctor Grisi will assume the CEO role at Banco Santander (NYSE: SAN) on 1 January 2023, “following a transition period, subject to customary approvals.” Mr. Álvarez will “remain on the board and serve as non-executive vice chair.” Mr. Grisi joined Santander in 2015 as CEO… Read More

May 15, 2022 @ 2:44 am By Omar Faridi  |  

Santander (NYSE: SAN) claims to be the only company in Spain that “enables customers to purchase carbon credits on the ClimateTrade platform and Mastercard donation platform to offset their CO2 emissions.” 74% of its customers think sustainability “is of global importance, and 67% are calling… Read More

May 13, 2022 @ 10:46 am By Omar Faridi  |  

Banco Santander is digitalizing its Core banking with Cloud tech in order to improve service and efficiency. The core banking platform is reportedly the most vital part of a bank’s IT infrastructure and is “where the main financial transactions, such as money transfers, deposits or… Read More

May 12, 2022 @ 3:36 pm By Omar Faridi  |  

Ebury, the Banco Santander-backed provider of corporate banking services to SMEs that trade globally, has reportedly agreed to acquire Bexs in a deal that further expands its international payments offering to Brazilian markets. The transaction, currently subject to regulatory clearance, reportedly includes the companies Bexs… Read More

May 1, 2022 @ 12:35 pm By Omar Faridi  |  

Blockchain or distributed ledger tech (DLT) is “revolutionizing” the world just as the Internet did in its day, according to an update from Santander. The team at Banco Santander (NYSE: SAN) notes that “an increasing number of sectors see the enormous potential in this type… Read More

December 26, 2021 @ 9:08 pm By Omar Faridi  |  

Fnality, the financial technology company establishing a network of distributed financial market infrastructures using blockchain or distributed ledger tech (DLT), revealed it will be able to lower banks’ intraday liquidity requirements “by up to 70%, reducing funding costs and payment delays.” The findings come ahead… Read More

December 10, 2021 @ 11:02 am By Omar Faridi  |  

Fintech platform fonYou has announced that it has acquired €7 million in capital from Banco Santander’s Smart Fund, as part of a financing transaction that will aim to support fonYou’s future tech development and market expansion as it introduces its Fintech solutions across different regions… Read More

October 14, 2021 @ 1:05 pm By Omar Faridi  |  

Banco Santander (NYSE: SAN) (via Santander Universities) and MIT Professional Education are providing 400 “Santander Tech | Emerging Technologies Program by MIT Professional Education” scholarships “geared at courses related to in-demand technologies such as blockchain, AI, and cybersecurity in a job market dominated by digitalization… Read More

October 11, 2021 @ 11:09 am By Omar Faridi  |  

Banco Santander (NYSE: SAN) has started to introduce its sustainable payment cards, which are reportedly made with recycled material. The cards are being rolled out in Spain. Santander had previously launched the “One Card” design in Poland and Portugal. The financial institution plans to have… Read More

July 21, 2021 @ 11:45 pm By Omar Faridi  |  

Infosys Finacle, which is part of EdgeVerve Systems, a wholly-owned subsidiary of Infosys (NSE, BSE, NYSE: INFY), and Santander UK, recently revealed that they’ve introduced  Santander UK’s global cash management platform as part of the institution’s digital transformation efforts. Santander Global Connect is a newly-developed… Read More

July 2, 2021 @ 11:17 am By Omar Faridi  |  

Mouro Capital, a VC fund that’s mainly focused on Fintech companies and related businesses and backed by Banco Santander (BME: SAN), has reportedly joined Mexico’s digital freight forwarder Nowports’ $16 million Series A round. Nowports is notably Mouro Capital’s first investment in the logistics sector, an… Read More