Digital currency network Ripple has topped up its $28 million Series A funding round with an additional $4 million investment from Santander InnoVentures.
Shawbrook Group plc (“Shawbrook” or the “Group”), the rapidly growing UK specialist lending and savings bank, is pleased to announce that Steve Pateman has agreed to join the Group as its new Chief Executive Officer.
Santander Group chair Ana Botin has called for a level playing field between banks and the raft of new tech firms looking to muscle their way into the financial services industry.
Swedish mPOS vendor iZettle has raised EUR60 million in a Series D funding round to help it launch a cash advance service for its small business customers.
The Uber of banking might well turn out to be....Uber, as the darling of the startup scene ditches banking partner Santander to set up its own car financing arm.
The UK arm of Santander has launched a virtual 'cash kitty' app that lets up to 100 people create and manage collective pots of money.
The UK launch of Apple Pay seems to have caught some of the country's biggest banks by surprise with only Nationwide, NatWest, Royal Bank of Scotland, Ulster Bank and Santander ready on day one.
Banco Santander and mobile money vendor Monitise have formed a £20 million joint venture that will invest in and help build fintech startups.
Banco Santander's fintech venture fund has poached Manuel Silva Martinez, a founding member of a similar fund at rival Spanish bank BBVA.
Having made their mark in relatively safe areas such as payments and P2P lending, fintech firms are now preparing to move into the middle and back office, giving them a multi-billion dollar opportunity to help reboot financial services, but only if they collaborate with the establishment, according to a new paper from Santander InnoVentures, Oliver Wyman and Anthemis Group.
© Finextra Research 2015