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.
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.
© Finextra Research 2015