Tagged: santander

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

Crowdfunder UK Has Distributed More Than £100,000 of the Santander Changemaker Fund

Earlier this week, Crowdfunder UK announced it has now distributed more than 100,000 through its Changemaker Fund, in collaboration with Santander. The fund was launched last fall and is dedicated to social enterprises and community projects across the UK. As previously reported, fund is open… Read More

ePesos Raises $6 Million in Funding Round Led by Santander InnoVentures

  Santander InnoVentures, the Fintech VC fund of Santander Group, has invested in the Mexican startup ePesos, a mobile payments company for the underbanked. The $6 million funding round included the participation of VilCap Investments, Pomona Impact, and Fiinlab, the innovation lab owned by Gentera. The… Read More

Crowdfunder & Santander Renew Partnership

Santander UK and Crowdfunder have jointly announced a renewal of their partnership that provides funding for social enterprises and community projects across the UK. Santander UK will provide an additional £200,000 in funding for projects sourced by Crowdfunder following a successful pilot. “At Santander supporting the… Read More

The Inescapable Fintech Revolution

Big consultancies, such as PwC, Cap Gemini, KPMG, Deloitte and Accenture, research and analyze fintech developments to support the digital transformation of their banking customers. They promote this work through well-crafted free reports and white papers. The latest of such reports was published by Julian… Read More

Kabbage Co-Founder & Head Fintecher Kathryn Petralia: Power Lending, Predictions & Progress

  “Fintech, online lending, AI and privacy are complicated issues, so we’ve created innovative solutions and approaches that D.C. embraces once they understand them. Our message to Washington is: call us! We have someone to translate tech speak and “bureaucratese” for all of Washington’s questions.”… Read More

Santander InnoVentures Invests in Commerce & Supply Chain Finance Platform Tradeshift

Santander InnoVentures, the fintech venture capital fund of Santander Group, recently announced its latest portfolio investment was made in Tradeshift, a business commerce and supply chain finance platform. According to Santander InnoVentures, Tradeshift is used by a range of Fortune 500 companies, which includes  DHL and… Read More

Goldfinger Factory Secures £10,000 From Crowdfunder UK-Supported Santander Changemaker Fund

On Wednesday, Crowdfunder UK announced the Santander Changemaker Fund has given Goldfinger Factory £10,000. Goldfinger described as an award-winning factory that turns wasted wood into beautiful furniture, jewellery and interior products. Crowdfunder UK revealed earlier this month it teamed up with Santander for the fund, which… Read More

Santander Forms Partnership With Crowdfunder UK to Launch £200,000 Support Social Enterprises Fund

On Tuesday, crowdfunding portal Crowdfunder UK announced it has teamed up with Santander to launch a £200,000 fund, called Changemaker, that is dedicated to social enterprises and community projects across the UK. According to the funding platform, the new fund is open to social enterprises, small… Read More

Ripple Announces: Major Banks Team Up to Launch Blockchain Payments Network

San Francisco fintech company, Ripple, announced on Friday that six major have teamed up to launch a new blockchain network on distributed financial technology. Bank of America Merrill Lynch, Santander, UniCredit, Standard Chartered, Westpac Banking Corporation, and Royal Bank of Canada have teamed up to… Read More

Team Utility Settlement Coin Update: UBS, Clearmatics, Deutsche Bank, Santander, ICAP and BNY Mellon Continuing Blockchain Project

 Team “Utility Settlement Coin,” comprised of UBS, Clearmatics, Deutsche Bank, Santander, ICAP and BNY Mellon, has issued a brief update about its use blockchain technology to allow financial markets to complete financial transactions more quickly and smoothly.  In late August,  UBS Head of Strategic Investment & Fintech Innovation Hyder Jaffrey… Read More

Digital Cash: UBS, Clearmatics, Deutsche Bank, Santander, ICAP and BNY Mellon Align to Test Blockchain in “Real-Market”

UBS and Clearmatics have  joined with BNY Mellon, Deutsche Bank, Icap and Santander to advance the Utility Settlement Coin, an asset-backed digital cash instrument implemented on distributed ledger technology, according to a statement. “Digital cash is a core component of a future financial market fabric… Read More

Q&A: Kabbage CEO & Co-Founder Rob Frohwein, Originating $2B Loans & Growing

Before founding Kabbage, Rob Frohwein established, led and advised a number of successful businesses, including LAVA Group, U.S. Micro Corporation and Surgical Biologics. Additionally, he served in business development and legal capacities for ZapMedia and Security First Network Bank. The Villanova law and undergrad alum… Read More

Santander Claims First in Using Blockchain for Payments

Last week the largest bank in the Eurozone by market capitalization, Santander, announced it had launched a new app to facilitate live international payments. While payments may not be super exciting (it is a big business though) the method as to how Santander is facilitating… Read More

Lending Club CEO Renaud Laplanche Comments on Santander Exiting the Purchase of Loans

Lending Club (NYSE:LC) CEO Renaud Laplanche recently commented on the fact that Santander has been compelled to back off from purchasing Lending Club loans – for now.  Laplanche spoke to the FT about the status of the marketplace lending platform and gave an update on industry… Read More

Santander Pauses on Securitization of Marketplace Loans

Global bank Santander has halted, at least temporarily, its intent to securitize $1 billion in marketplace lending loans. According to a report in Asset-Backed, this will back out an agreement to purchase loans from the largest domestic marketplace lending platform Lending Club.  Apparently Santander is… Read More