UK based invoice financing fintech MarketInvoice has raised a fresh $72mn in capital, $33mn in equity and a $39mn debt...
In an interesting use case Santander has become the first company in the world to use blockchain to make it...
Mambu is reportedly powering the technology behind the platform which aims to better serve SMEs; the project is part four...
Santander has teamed up with Ripple to bring to market the first international money transfer app by a large retail bank based on blockchain technology; the project does not yet have a launch date but Business Insider reports the companies said in the next few months; the app will allow for transfers to be settles within 24 hours and customers will be able to understand all costs before making a transfer. Source.
Santander's SmartBank app now includes increased voice control features; tasks include checking account balances, reporting stolen cards, tracking spending and transferring money; the functionality builds on Santander's original implementation of voice control last year; Ed Metzger, head of technology innovation, stated: "The worlds of technology and banking continue to evolve at pace, working hand in hand to deliver a friction-free user experience. We are excited to be the first UK high street bank to enable customers to make payments using just their voice, offering them another channel of choice in how they wish to bank." Source
Revolut, Robinhood and others have seen a great deal of growth in the last couple of years as consumers have...
Cloudvirga Raises $50M in Series C Funding Student Loan Genius Raises $3.5M in Seed Series Prime Financing HSBC Partners with...
Santander’s partnership with MasterCard will make them the first UK big five bank to issue a debit card with MasterCard;...
Spanish banks have been focusing on going digital to help keep ahead of competition; banks like Santander and BBVA have improved their mobile app access and started innovation teams to invest or partner with fintech companies; they have also changed their culture to better resemble a startup and have started talent competitions; while the banks have had their share of issues the digital focus can help to drive down costs and keep the banks ahead of the curve. Source.
Goldman Sachs and Santander have announced they are leaving the R3 Blockchain Consortium; Goldman Sachs was one of the 12 founding members of the Consortium; the reasoning behind the move is unknown however speculators believe it is likely due to solicitation of $150 million from members. Source