Cambridge Blockchain Wins Santander/Onevest Distributed Ledger Challenge
Many banks are interested in using distributed ledger technology, but Santander has taken matters a step further by hosting a competition among blockchain startups. The event took place in New York...
View ArticleNuance Wins Key Deal to Provide Voice System to Santander
Nuance, a banking technology vendor, will be providing Santander UK with voice banking technologies, the companies announced today. The deal marks a big score for Nuance’s Nina artificial intelligence...
View ArticleKabbage Scores Another European Bank with Santander UK Deal
Atlanta-based small business lender Kabbage is snapping up bank deals in Europe. Yesterday, the company announced it had reached an agreement with Santander UK to serve the bank’s SME customers. This...
View ArticleBanks Still Don’t Trust Bitcoins
“Blockchain — good, bitcoin — bad” has been quite a theme in financial circles recently. While many recognize bitcoin’s cost- and time-cutting benefits, big FIs in particular still seem unlikely to...
View Article5 Best New Financial Apps 2016
We can all agree Credit Karma, Chase Mobile, Bank of America, Wells Fargo, and PayPal aren’t leaving the Top Ten on App Annie anytime soon. But ratings and rankings aren’t everything — there’s also the...
View ArticleSigFig Deal Shows Banks Love Robo-Advisors
More and more companies are jumping on the robo-advising bandwagon. Santander InnoVentures, the fintech venture arm of Santander Group, together with nine other major FIs and investors, today announced...
View ArticleSantander UK Pilots App Powered by Ripple
Real-time international payments are becoming ever-so real. Banco Santander’s UK unit partnered with San Francisco-based settlement system Ripple to launch a pilot app to enable fast international...
View ArticleBlockchain Groups Gain Momentum in Cross-Border Payments
Real-time international payments are not far over the horizon anymore. San Francisco-based Ripple announced that seven global banks have joined its network to improve their cross-border payments...
View ArticleApple and IBM Aim to Banish Desktops from Bank Branches
Mobile apps for bank employees are just as valuable as those for customers. At least that’s the idea behind IBM’s MobileFirst for iOS app suite — apps, designed specifically for bank employees in...
View ArticleSantander’s Openbank Is Out of Stealth, Eyes International Expansion
Openbank, Santander’s 22-year-old subsidiary that operates in Spain, has just completed a major relaunch, going fully-digital and expanding its product offerings, the bank announced today. As part of...
View ArticleFintech Startup PayJoy Bags $6 Million Investment
EXCLUSIVE – It’s been a busy few days for fintech startup PayJoy, which today announced that it closed a $6 million investment, only a few days after it reached another milestone. That milestone being...
View ArticleMexican Startup ePesos Gets $6M from Santander InnoVentures
Santander InnoVentures, the venture capital arm of Santander Bank, has invested $6 million in Mexican fintech ePesos. InnoVentures was the leader in the round, though VilCap Investments, Finlab, and...
View ArticleKeyboard Payments App PayKey Raises $10 Million in Series B
EXCLUSIVE – Banking keyboard app, PayKey closed a $10 million Series B funding round today bringing the fintech’s total investment to $16 million since its establishment in 2014. The funding will be...
View ArticleSantander InnoVentures Enters Brazilian Fintech Market Through Creditas...
Santander InnoVentures, the fintech venture capital arm of Spanish bank Santander Group, made an undisclosed investment in Brazilian fintech Creditas. The investment in Creditas, a digital online...
View ArticleMUFG, Banco Bradesco to Use Blockchain for Cross-Border Payments
MUFG Bank and Banco Bradesco will use distributed ledger technology from Ripple, a San Francisco-based software vendor specializing in global real-time settlements, to create a new cross-border payment...
View ArticleAccenture, nCino Make Global Push to Get More FIs in the Cloud
Consulting giant Accenture and cloud banking firm nCino are expanding the scope of their partnership beyond North America to get more financial institutions in the Asia-Pacific and EMEA markets up and...
View ArticleBank Innovation’s Top 3 Posts in February
With big-money deals, product rollouts, and a busy earnings season to boot, it is perhaps no surprise that a merger to potentially create the sixth-largest bank in the U.S. got the most attention from...
View ArticleWith $40M of fresh capital, Upgrade lines up bank account launch
Upgrade, the personal loan and credit card service provider, plans to launch a mobile bank account by quarter’s end, on the heels of raising another $40 million of venture funding from Santander...
View ArticleSantander Rushes to Recoup £130 Million Mistakenly Paid Out to U.K. Accounts
Banco Santander SA is racing to retrieve 130 million pounds ($175 million) paid out to thousands of British customers in a Christmas Day slip-up. Spain’s biggest lender accidentally made a second...
View ArticleTop 5 innovation and technology stories of 2022
Technological innovation has taken the auto industry by storm since the start of the COVID-19 pandemic by automating lending operations and addressing consumer pain points in the car-buying process to...
View ArticleSantander launches multinational BNPL product
Santander Corporate and Investment Banking has launched a business-to-business product via a new buy-now, pay-later solution. Madrid-based Santander CIB tapped global trade credit insurance company...
View ArticleTransactions: Santander offers early paydays via DailyPay
Santander Bank tapped earned wage access fintech DailyPay to offer its commercial banking clients an on-demand payment method. Earned wage access (EWA) is a benefit that Santander commercial clients...
View ArticleTransactions: Santander Bank invests in Komgo
Santander Bank invested in SaaS platform Komgo to bolster its digital trade finance offering. Geneva-based Komgo provides digital trade financing options that reduce friction for cross-border...
View ArticleBanks look to tech as they slash jobs
Barclays, CitiGroup, Truist Financial and Santander announced layoffs this week as they look to cut costs and gain efficiencies. Truist is making “sizable reductions” to its workforce in the coming...
View ArticleSantander drills down on tech, efficiency
Banco Santander focused on efficiency and technology in the third quarter with the ongoing implementation of its One Transformation plan. One Transformation is a common operating business model,...
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