Three days after Santander launched its digital bank in the United States, offering high-yield savings accounts, Executive Chair Ana Botin reportedly said the bank will have a full-service digital bank in the country by the end of 2025. Santander’s digital bank, Openbank, is Europe’s largest...
Santander Consumer Finance (SCF) plans to expand its presence in the U.K. leasing sector after acquiring full-service fleet management company CLM Fleet Management. CLM has 40 years of experience managing fleet vehicles for corporate customers, while Grupo Santander has been working to position Santander as...
The world’s biggest companies can’t seem to stop giving OpenAI money. One day after securing $6.6 billion in new funding from an array of tech giants and venture capitalists, the artificial intelligence (AI) startup revealed it had established a $4 billion credit facility with nine...
Santander Consumer is expanding its small business offering to all auto dealers using its platform. The program lets small business owners and entrepreneurs finance vehicles through the lender’s consumer banking division, broadening their available financing options, Santander said in a news release Monday (Sept. 16)....
January 12, 2023
Digital technologies are driving innovation in trade finance, enabling faster decision-making and more streamlined processes. In the past, trade finance was bogged down by lengthy risk assessment and underwriting processes, and accessing credit could take days or weeks, especially if it was a business’s first time doing so. But as the digital toolkit deployed by […]
August 23, 2022
As European economies seek shelter from inflation, governments across the continent are turning to windfall taxes — aimed at an industry that is perceived to have profited from a sudden...
July 18, 2022
If there was ever a time traditional banks have felt the intense pressure to abandon legacy infrastructure and embrace digital innovation, it has been in the wake of the pandemic,...
June 29, 2018
Beyond bitcoin and the buzz around blockchain, payments that wind their way across borders might get a boost from Santander and Ripple. The two firms have debuted One Pay FX,...
October 24, 2024
Three days after Santander launched its digital bank in the United States, offering high-yield savings accounts, Executive Chair Ana Botin reportedly said the bank will have a full-service digital bank in the country by the end of 2025. Santander’s digital bank, Openbank, is Europe’s largest digital bank in terms of deposits, Reuters reported Thursday. Santander […]
October 14, 2024
Santander Consumer Finance (SCF) plans to expand its presence in the U.K. leasing sector after acquiring full-service fleet management company CLM Fleet Management. CLM has 40 years of experience managing...
October 03, 2024
The world’s biggest companies can’t seem to stop giving OpenAI money. One day after securing $6.6 billion in new funding from an array of tech giants and venture capitalists, the...
September 16, 2024
Santander Consumer is expanding its small business offering to all auto dealers using its platform. The program lets small business owners and entrepreneurs finance vehicles through the lender’s consumer banking...
