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.
A Santander customer made to wait more than two weeks for a replacement debit card has expressed his displeasure by cross-stitching his own replica and sending it to the bank.
Santander has devised a new payments app for users of Transport for London's cycle hire network.
Santander's fintech venture fund has joined an $80 million financing round for Android operating system outfit Cyanogen.
Mariano Belinky joined Santander Innoventures from McKinsey & Co. where he spent six years advising global banks and asset managers on strategy. Now he runs the Spanish bank's $100 million venture fund to lead a financial services digital revolution.
Santander has launched the UK's first standalone mobile app to help customers source and keep track of their tax-free ISA savings schemes.
Santander Bank, N.A. has agreed to change the way it screens applicants for checking and savings accounts, becoming the third bank to reach such a pact with New York Attorney General Eric Schneiderman.
Gemalto (Euronext NL0000400653 GTO), the world leader in digital security, announces it has deployed more than one million Optelio contactless EMV cards in a year for Banco Santander Brasil, through Santander Universities.
© Finextra Research 2015