Tagged: santander

September 23, 2016 @ 3:31 pm By Samantha Hurst  |  

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

September 15, 2016 @ 8:00 am By Erin Hobey  |  

 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

August 25, 2016 @ 12:44 pm By Erin Hobey  |  

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

August 23, 2016 @ 4:00 pm By Erin Hobey  |  

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

June 1, 2016 @ 10:04 am By JD Alois  |  

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

November 23, 2015 @ 8:49 am By JD Alois  |  

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

November 15, 2015 @ 9:44 pm By JD Alois  |  

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

November 11, 2015 @ 8:56 am By Erin Hobey  |  

Rabobank, MasterCard, Thomson Reuters and Santander join as founding institutions of Startupbootcamp FinTech in the program’s expansion to US market, following its success in London and Singapore. “Initiatives that cultivate innovation and collaboration will only increase in importance as more players enter the FinTech space,… Read More

November 5, 2015 @ 10:45 am By Samantha Hurst  |  

Santander InnoVentures, a $100 million fintech venture capital fund of Santander Group and Onevest. Onevest recently announced 1000 Angels, an investment platform designed to “reinvent venture capital”.  Onevest also operates the CoFoundersLab as part of its strategy to develop an entire startup ecosystem. According to Alejandro Cremades, Onevest… Read More

October 15, 2015 @ 11:19 am By Erin Hobey  |  

Money may not grow on trees, but seems to grow well on a certain Atlanta Kabbage patch.  The trailblazing tech and data platform announced a $135 million equity raise led by Reverence Capital Partners as well as ING, Santander InnoVentures, and Scotiabank. Additional new investors include China’s… Read More

October 23, 2014 @ 10:53 am By JD Alois  |  

UK based peer to peer lending platform Funding Circle has announced a partnership with global consulting firm PWC to support more UK businesses access capital.  PWC will now funnel small business clients seeking funding to Funding Circle.  This is similar  to the agreement Funding Circle… Read More

August 14, 2014 @ 11:53 pm By JD Alois  |  

Fitch Ratings has acknowledged the growing importance of peer to peer lending  companies in statement that P2P lending success is dependent on borrower credit. This past July, S&P and DBRS assigned a landmark rating on the senior portion of a $270 million P2P deal from SoFi…. Read More

July 5, 2014 @ 10:00 am By JD Alois  |  

Peer to Peer lending platform Funding Circle recently signed a partnership with Santander to help small businesses secure loans.   They see this new strategic relationship as a methodology to help bring P2P into the mainstream.  Samir states that about 1/3 of the businesses that… Read More

July 4, 2014 @ 7:43 am By JD Alois  |  

Twelve South West England social enterprises are to benefit from £10,000 match funding from the Santander Social Enterprise Challenge, run in partnership with the UK’s largest rewards-based crowdfunding platform, Crowdfunder. The challenge was created to fund promising social enterprises from across the South West. Social… Read More

June 19, 2014 @ 11:35 am By JD Alois  |  

Peer to peer lending platform Funding Circle has announced a new partnership with global banking giant Santander.  The new arrangement is designed to give small UK businesses greater access to capital  The gist of the relationship is that Santander will proactively refer small business customers looking… Read More