Tagged: banco santander

Infosys Finacle and Santander UK Introduce Global Cash Management Solution as Part of Digital Transformation Strategy

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

Fintech focused Mouro Capital Joins Mexico’s Digital Freight Forwarder Nowports $16M Series A

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

Crypto Risk Management Solution Provider Elliptic Completes Pilot with Santander on Detecting Suspicious Activity

Elliptic, the leader in crypto-asset risk management solutions, revealed on Tuesday (June 22, 2021) that it has completed a pilot with Banco Santander in identifying or detecting suspicious activity linked to digital assets. As mentioned in a release, this pilot is “helping Santander understand the… Read More

TransferWise Competitor PagoFX from Santander Bank to Provide Cross-Border Payments Services in Belgium

Banco Santander S.A. (Santander Group) (BME:SAN), the world’s 16th-largest banking institution and financial services company based in Madrid, introduced PagoFX, its international payments application for UK customers, in April 2020. Santander’s TransferWise competitor PagoFX is now set to expand its coverage into Belgium. There will… Read More

Wirecard’s Former CEO Testifies in Front of Parliamentary Committee, Meanwhile Wirecard’s Core Business Has been Sold to Santander

Infamous Fintech Wirecard AG (WDI:DE) has seen its core European business sold to Banco Santander according to the insolvency administrator. Jaffe reports that the assets of Wirecard AG, Wirecard Technologies GmbH and other companies of the Wirecard Group, and the assets of the European core business were… Read More

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

Forward Thinking Bank Santander Spins Off Fintech VC Segment, Renames Mouro Capital, Dedicated Funds Rise to $400 Million Following Big Returns

Santander Innoventures is going it alone. The venture capital subsidiary of Banco Santander is being spun off and renamed as Mouro Capital. The new entity is also receiving additional capital from the bank as Santander will double the amount of dedicated funds going from $200… Read More

$5 Million Santander Bank Robbery Thwarted in Brazil, as Perpetrators Caught Trying to Convert Funds to Bitcoin

A potential $5 million online heist in Brazil had attempted to target Spanish financial giant, Banco Santander, however, it was reportedly stopped after the money was seized from local over-the-counter (OTC) digital currency exchanges. The alleged thieves had tried to convert the stolen money into… 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

Banco Santander Launches PagoFX, a Cross-Border Payments App for UK Customers, will Compete with TransferWise

Banco Santander S.A. (Santander Group) (BME:SAN), the world’s 16th-largest banking institution and financial services company based in Madrid, has officially introduced PagoFX, its international payments application for UK customers. Last month, Santander had revealed that it was in the final stages of developing its cross-border… Read More

Banco Santander Acquires Majority Stake in Spanish Fintech Mercury TFS

Banco Santander, S.A. (BME:SAN) announced on Friday it has acquired the majority stake in Mercury TFS, a Spain-based company that specializes in software solutions that automate the end-to-end management of trade finance transactions for corporate customers, for €30 million. According to Banco Santander, the transaction… 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 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

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

Santander Announces Implementation of iGTB Payments Hub

Banco Santander announced on Thursday it has signed a deal with Intellect Transaction Banking (iGTB) to implement iGTB’s Intellect Payments Services Hub (IPSH). According to Santander, iGTB’s IPSH directly upgrading the bank’s own infrastructure – and is an early example of European banks’ commitment to IT… Read More

Banco Santander & Broadridge Financial Completes First Practice Use of Blockchain For Investor Voting At Annual General Meeting

Banco Santander, S.A. (BME:SAN) and global fintech Broadridge Financial Solutions, Inc. (NYSE: BR) announced on Thursday they have completed a first practical use of blockchain for investor voting at an annual general meeting (AGM). The duo, in collaboration with J.P. Morgan and Northern Trust as custodian banks, conducted… Read More

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