Santander names PayPal’s Nitin Prabhu as new head of Digital Consumer Bank
Prabhu, who worked at PayPal for over 12 years, is to join Santander “early in 2025”.
Prabhu, who worked at PayPal for over 12 years, is to join Santander “early in 2025”.
The Spanish banking giant has opted for its partner’s CloudPay NOW solution.
Banco Santander CEO Hector Grisi previously ordered a group-wide restructuring last year.
Juliá succeeds the position from Ángel Rivera, who will leave Santander at the end of 2024.
Here’s our pick of five of the top news stories from the world of finance and tech this week.
Santander intends to complete its group-wide migration to the cloud by the end of next year.
The bank has merged its retail and commercial businesses and created a new digital consumer banking business.
Here’s our pick of five of the top news stories from the world of finance and tech this week.
FrauDfense is a new company set up to enable the exchange of information between the three banks.
Urroz, who has worked at Amazon since 2019, will start her new role in December.
Financial institutions will analyse the technical, operational and business implications of a digital euro.
Santander expects to fully complete the transition within the next two to three years.
Already live in Germany, Santander now plans to roll out the service in the Netherlands and Spain.
The partnership plans to offer a solution that streamlines cross-border trade.
Move will see Getnet brand expand internationally under bank’s PagoNxt fintech arm.
Users will no longer be able to use the service to send payments after 30 November.
Addi is continuing a planned expansion into Mexico and Brazil.
The bank says all 840 affected staff will be offered new roles.
The project is calling for further partners to join the project to boost overall usage in Spain.
The platform has programmed more than 20,000 instant credit transfers.
Banks & building societies have previously been shaking up their overdraft charging structures.
The venture now has a 50-person London-based team.
In this newly created role, Trish Burgess will lead the strategy and deployment of P2P.
The bank says it has already cut its emissions by 27% since 2011.
The digital banking firm says it will build a digital bank in one hour.
Adoption of gpi has seen a year-on-year increase of 270%.
American Express has launched blockchain-enabled, business-to-business cross-border payments with Santander using Ripple’s network. The Amex FX International Payments (FXIP) business is working with Ripple to make blockchain payments commercially available, “reducing the time and cost of settlement”. Santander UK is the selected partner to initiate this new transaction channel. Marc Gordon, EVP and CIO at […]
Banco Santander, through Santander Universities and Fundación Universia, will work with internet of things (IoT) institute Mioti to provide training grants and courses in the growing IoT sector. Madrid-based Mioti, “the first 100% IoT institute in Spain”, is a place for companies, entrepreneurs and start-ups to develop their ideas. Banco Santander becomes one of four […]
Banco Santander, BNY Mellon, Intel, JP Morgan and Microsoft are some of the big names behind the launch of a new blockchain alliance. Called the Enterprise Ethereum Alliance (EEA), it plans to drive Ethereum blockchain technology best practices – “focusing on security, privacy, scalability and interoperability”. This development creates another rival for the R3 blockchain […]
Swedish payment company iZettle and Spain’s Banco Santander have launched a new ‘social payments’ system in Brazil, which is designed to help small businesses take card payments with Apple and Android smartphones and tablets.