FinTech Futures: Top five stories of the week – 15 December 2023
Here’s our pick of five of the top news stories from the world of finance and tech this week.
Banco Santander
Banco Santander migrates corporate and investment banking business to the cloud
Santander intends to complete its group-wide migration to the cloud by the end of next year.
Santander reorganises structure to streamline operations
The bank has merged its retail and commercial businesses and created a new digital consumer banking business.
FinTech Futures: Top five stories of the week – 28 July 2023
Here’s our pick of five of the top news stories from the world of finance and tech this week.
Banco Santander, BBVA and CaixaBank team up to tackle fraud with FrauDfense
FrauDfense is a new company set up to enable the exchange of information between the three banks.
PagoNxt names Amazon VP of finance Olatz Urroz as new CFO
Urroz, who has worked at Amazon since 2019, will start her new role in December.
Spanish banking sector to explore use of digital euro
Financial institutions will analyse the technical, operational and business implications of a digital euro.
Santander uses in-house cloud tech to digitise core banking
Santander expects to fully complete the transition within the next two to three years.
Santander enters BNPL market with launch of new platform Zinia
Already live in Germany, Santander now plans to roll out the service in the Netherlands and Spain.
Ebury partners Santander to help German SMEs trade globally
The partnership plans to offer a solution that streamlines cross-border trade.
Santander spins out Getnet Brazil with plans to form “merchant acquiring franchise”
Move will see Getnet brand expand internationally under bank’s PagoNxt fintech arm.
Exclusive: Santander’s PagoNxt to discontinue PagoFX app to refocus on trade services
Users will no longer be able to use the service to send payments after 30 November.
Colombian BNPL Addi raises $65m in Series B funding round
Addi is continuing a planned expansion into Mexico and Brazil.
Santander announces 111 UK branch closures as consumers go digital
The bank says all 840 affected staff will be offered new roles.
Banco Santander & CaixaBank back Spanish digital identity project
The project is calling for further partners to join the project to boost overall usage in Spain.
Five Spanish banks complete blockchain POC for interbank payments
The platform has programmed more than 20,000 instant credit transfers.
Banks waive overdraft interest on temporary basis
Banks & building societies have previously been shaking up their overdraft charging structures.
Santander’s PagoFX to launch in Spring and rival TransferWise
The venture now has a 50-person London-based team.
Santander hires head of P2P payments
In this newly created role, Trish Burgess will lead the strategy and deployment of P2P.
Banco Santander commits to carbon neutrality and renewable energy “where possible”
The bank says it has already cut its emissions by 27% since 2011.
Backbase Connect 2019: Backbase challenges Banco Santander’s €20bn digital spend
The digital banking firm says it will build a digital bank in one hour.
Six Spanish banks sign up for gpi cross-border payments
Adoption of gpi has seen a year-on-year increase of 270%.
All aboard the Amex blockchain payments express
American Express has launched blockchain-enabled, business-to-business cross-border payments with Santander using Ripple’s network. The Amex FX International Payments (FXIP) business is working with Ripple to make blockchain payments commercially available, “reducing the time and cost of settlement”. Santander UK is the selected partner to initiate this new transaction channel. Marc Gordon, EVP and CIO at […]
Banco Santander makes Mioti move for IoT education
Banco Santander, through Santander Universities and Fundación Universia, will work with internet of things (IoT) institute Mioti to provide training grants and courses in the growing IoT sector. Madrid-based Mioti, “the first 100% IoT institute in Spain”, is a place for companies, entrepreneurs and start-ups to develop their ideas. Banco Santander becomes one of four […]
Ex-R3 members behind new blockchain alliance
Banco Santander, BNY Mellon, Intel, JP Morgan and Microsoft are some of the big names behind the launch of a new blockchain alliance. Called the Enterprise Ethereum Alliance (EEA), it plans to drive Ethereum blockchain technology best practices – “focusing on security, privacy, scalability and interoperability”. This development creates another rival for the R3 blockchain […]
Santander and iZettle launch in Brazil
Swedish payment company iZettle and Spain’s Banco Santander have launched a new ‘social payments’ system in Brazil, which is designed to help small businesses take card payments with Apple and Android smartphones and tablets.
