Tagged: banco santander

November 19, 2020 @ 10:15 am By JD Alois  |  

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

November 16, 2020 @ 7:20 pm By Omar Faridi  |  

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

September 11, 2020 @ 8:52 am By JD Alois  |  

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

May 11, 2020 @ 7:59 am By Omar Faridi  |  

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

May 1, 2020 @ 10:33 am By Samantha Hurst  |  

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

April 17, 2020 @ 7:50 am By Omar Faridi  |  

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

March 13, 2020 @ 11:04 pm By Samantha Hurst  |  

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

March 4, 2020 @ 7:12 am By Omar Faridi  |  

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

November 5, 2019 @ 4:10 am By Omar Faridi  |  

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

September 12, 2019 @ 1:58 pm By Omar Faridi  |  

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

July 5, 2018 @ 10:33 am By Samantha Hurst  |  

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

May 17, 2018 @ 8:48 am By Samantha Hurst  |  

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