Santander to launch Openbank in the US this year
Openbank is currently live in Spain, Germany, the Netherlands, Portugal and Argentina.
The latest fintech news, resources and expert analysis in Spain by FinTech Futures, the leading intelligence provider for the worldwide fintech community.
Openbank is currently live in Spain, Germany, the Netherlands, Portugal and Argentina.
Explore expert strategies to secure banking apps and get a detailed checklist for bolstering security measures.
Amadeus says its new purchase will “complement” its existing payments business Outpayce.
A handy round-up of the recent funding endeavours of fintech companies across the globe.
Banco Sabadell customers will now have access to the 1,400 ATMs NCR Atleos manages across Spain.
ID Finance claims the financing marks its “largest ever financing round” to date.
Nikkilä joins Santander from ING, where he is currently serving as head of global retail transformation.
The Spanish central bank’s trials are expected to run for around six months.
The Valencia-based bank has dedicated a 100-strong team to explore new use cases for the technology.
Santander intends to complete its group-wide migration to the cloud by the end of next year.
The global network aims to boost the economic development of the Amazon region.
Zaripov initially departed the platform in October 2018, after a 15-month tenure as managing director.
Created 20 years ago, Lynx leverages AI and machine learning to detect and prevent financial crime.
Varela previously spent more than 16 years at Credit Suisse in a number of senior tech-focused positions.
The facility will be used to support the company’s portfolio growth and geographical expansion plans.
The licensed electronic money institution will be able to onboard new customers with just a passport.
The bank says the new company will have “a more strategic focus” on software development transformation.
With the new facility, Uncapped aims to expand its reach and provide more digital businesses with access to financing.
The San Francisco-headquartered exchange plans to leverage the approvals to power its European expansion.
The bank has merged its retail and commercial businesses and created a new digital consumer banking business.
France-based Swan will be launching in the Netherlands and Italy.
The move is part of Block’s plans to reduce brand spending.
FrauDfense is a new company set up to enable the exchange of information between the three banks.
Reuters reports Santander is making at least 50 new hires in a push to become a major investment banking player.
Papara calls the acquisition a “crucial step” in its European expansion strategy.
Of the amount foreseen for 2023, the bank says 1,200 professionals have already joined this year.
FXWallets is currently available in pilot mode for select customers, with a wider rollout planned for September.
The move follows a strategic review of Orange’s banking business launched several months ago.
A handy round-up of the recent funding endeavours of fintech companies across Europe.
The solution is compatible with Visa and Mastercard and offers the same level of security as a traditional POS.
The partnership will see the bank leverage Google Cloud’s cloud computing, data analytics and AI/ML capabilities.
The facility follows a recent €30 million equity fundraise led by UK-based asset manager Kingsway Capital.
Launched in 2021, Wellet is a card payment app that uses similar technology to UTP Group’s Tapeeno.
ID Finance claims its fundraise is the biggest received by a Spanish fintech in 2023.
The all-cash deal worth €280 million values the business at €350 million.
A deal could be made in the next few months with the unit valued at around £250m, Sky News reports.
Our weekly fintech round-up for you to get the latest funding news from around the world.
BBVA says the AWS platform “provides greater computing power” to make financial market-related calculations.
The Bank of Spain has initiated registration for crypto providers as it seeks to clamp down on money laundering.
Novicap will use the funding to accelerate its growth, boost its credit portfolio and develop new solutions.