Santander Bank provides a variety of financial services to individuals, small businesses, and large corporations in the United States. Its offerings include savings and checking accounts, loans, credit cards, and investment products. The bank also has specialized services through Santander Investment Services and insurance products via Santander Securities LLC. Santander stands out from its competitors by focusing on community growth, committing $13.6 billion to support initiatives like the 'Cultivate Small Business' program, which aids early-stage entrepreneurs, especially from underrepresented groups. The bank generates revenue through interest on loans, service fees, and commissions, while promoting responsible banking practices and financial education. Santander's goal is to empower individuals and businesses, enhance community prosperity, and provide comprehensive financial solutions.

Fintech

Financial Services

Santander

Los fondos del préstamo por 14 millones serán destinados a la promoción inmobiliaria Residencial Etna que desarrolla en Sevilla, con un plazo de…

Metrovacesa firma con Banco Santander dos préstamos por 26 millones de euros

Goldman Sachs Group has created a Capital Solutions Group that will bring together its financing, origination, structuring and risk management solutions in its Global Banking  Markets business. The global financial institution will also expand the alternatives investment team in its Asset  Wealth Management business, according to a Monday (Jan. 13) press release. Both moves are meant to enhance Goldman Sachs Group’s ability to serve corporate and investor clients and grow its business in private credit, private equity and other asset classes, per the release

Goldman Sachs Forms Capital Solutions Group To Grow Private Credit Business

Santander Bank has launched Openbank, a new digital banking platform offering a 5.00% APY high-yield savings account nationwide in the United States.

Santander Goes National in the United States with Openbank, Bringing High Yield Savings Opportunities to More Americans

The Office of the Comptroller of the Currency (OCC) rated three out of 19 financial institutions as “outstanding” in its latest list of Community Reinvestment Act (CRA) performance evaluations. The other 16 financial institutions on the list were rated “satisfactory,” the regulator said in a Monday (Dec. 2) press release. None were rated “needs to improve” or “substantial noncompliance.”. “Under the CRA, the OCC assesses an institution’s record of meeting the credit needs of its entire community, including low- and moderate-income neighborhoods, consistent with the safe and sound operation of such institution,” the release said

Occ Rates 3 Financial Institutions ‘Outstanding’ In Cra Performance Evaluations

Santander’s Greg Murray assesses the impact of transitioning to the new ISO 20022 global standardThe financial industry is undergoing a significant transformation with the adoption of ISO 20022, a new global standard for exchanging electronic messages between financial institutions. It will replace older messaging formats like SWIFT MT, offering a more flexible, efficient, and data-rich way to process transactions and communicate across the financial landscape.But what exactly is ISO 20022, and why does it matter? The new global standard promises to unlock a new era for banking, and for those institutions not already convinced or concerned about the changes, it may be time to get on board.We spoke to Greg Murray, managing director of treasury services product management at Santander US, who shared his insights on the new standard and its potential impact. There is some concern about how smaller businesses will cope with the shift and to help with this Murray says the transition needs to be a collaborative one.Speaking to our editor-in-chief Ali Paterson, he explains why it’s an exciting time for the industry.The Fintech Magazine How are you at Santander and the rest of the industry responding to the new format?Greg Murray “ISO 20022 has been in a state of evolution since it was proposed but the more intense focus on it has been in the last five years or so. A lot of that is driven by the adoption that global clearing systems want to see.“You’ve got a lot of clearing systems in Europe, some of which are already ISO compliant. And in the US, we have the Fed’s system that plans to be compliant in March of 2025. We also have The Clearing House system, or CHIPS, here in the US that adopted the ISO format in April of 2024.“In preparation, banks have had this as a major focus for at least three years in terms of investments, making sure we have the right funding and subject matter expertise to meet the deadlines.”The Fintech Magazine What will be the impact of this change on your customers and partners?Greg Murray “Fintechs and other vendors are going to need to adapt to the format to support the payment flow process

Exclusive: “Time To Make The Shift” – Greg Murray, Santander In ‘The Paytech Magazine’

WFW advised Banco Santander on a €271m innovative financing to Equitix for the refinancing, construction and development of a renewable energy system.

WFW advises Banco Santander on €271m hybrid renewable energy system financing

Don’t gamble on payments!We’re not messing about with magazines recently. Following the release of The Insurtech Magazine #11, here’s another bumper edition of The Paytech Magazine for all you fintech fans.This time we’ve got a focus on how the point of sale is changing and how the range of customer options is more diverse than ever.You can find prophets of revolution, innovative founders and financial experts galore in the pages of TPM #15.We’re going live at Money20/20 Vegas so it’s fitting that we have a number of pieces looking at AI innovation, and feature a number of exciting disruptors in the areas of entertainment, customer experience and more.Featuring Aevi, HPS, ZBD, ING, Bud Financial, Santander, G+D, iGCB, Zingly, Revolut Business, PayPal Ventures, Kroo, HSBC, and SEB.For a more in depth look at what’s in this issue read on…Keeping your options openAlex Benjamin from Aevi makes the case for a hybrid online and in-person approach to accepting payments, on page 32, allowing merchants to unlock serious benefits in the process.A few pages later, Guillaume Lerclerc from HPS wonders how long it will be before digital payment methods and wallets eclipse card use entirely.But there are also voices, such as those of fintech writer Ron Delnevo on page 25, who are flying the flag for cash use. Cash is far from dead even in major metropolitan centres such as New York.One thing’s for sure, merchants and PSPs alike can’t afford to take a gamble on what customers are going to pull out of their pocket or which button they press at checkout. That’s the Vegas reference, given this magazine is going live at Money20/20 USA 2024, once again hosted in Sin City. From 27th – 30th October it’s Fin-City.Maybe you’re reading this with a background hum of networking chatter, the distant ding ding ding of slot machines and the exciting sights and sounds of a conference like no other. Chief Strategy and Growth Officer Scarlett Sieber and VP of Fintech Strategy Zach Anderson Pettet share the vision behind it, and what you can expect on page 6

The Paytech Magazine Issue 15

First came phishing. Now, consumers and cyberdefenders need to guard against “quishing.”As the Financial Times (FT) reported Sunday (Oct. 27), banks and regulators are warning against the rise of this type of phishing scam, which involves QR codes.Banks such as Santander and HSBC have joined the UK National Cyber Security Centre and Federal Trade Commission (FTC) in sounding the alarm about this threat, the report added.In a quishing scam, criminals will send a QR code in a PDF attached to an email, a strategy that experts say lets them avoid corporate cybersecurity defenses.“The appeal for criminals is that it’s bypassing all of the [cyber security] training and it’s also bypassing our products,” Chester Wisniewski, a senior adviser at security software company Sophos, told the FT.As the report noted, most smartphones display a short preview of the URL contained in a scanned QR code, though researchers say this pop-up generally can’t help users determine if a link is fraudulent.“These attacks take advantage of the fact that QR codes, by nature, are difficult to interpret visually, so victims often don’t know where they are being directed to until it’s too late,” said Amir Sadon, director of research at cybersecurity consultancy Sygnia.The report added that researchers and fraud managers can’t easily estimate the costs of “quishing” as cybersecurity firms and banks do not typically record the format of malicious links and because such emails may be just one piece of a larger cyberattack.However, IBM research has shown that “phishing” attacks — in which scammers send targeted emails with malicious links — are costing businesses more and more, with the global average cost of a data breach climbing nearly 10% to $4.9 million this year.The rise of quishing attacks comes as cyberthreats plague businesses of all sizes, as PYMNTS wrote last week. At the same time, security is hardly a one-size-fits-all effort and depends largely on how solutions are implemented.“Boards [of directors] have an increased responsibility for providing effective oversight of cybersecurity and technology risks,” Alicja Cade, director of financial services in the Office of the CISO at Google Cloud, told PYMNTS, saying this is especially true in financial services, where the regulatory environment is becoming more stringent.Cade said she believes cybersecurity must be “baked into the DNA” of the business. It cannot be siloed within the IT department but must be integrated into every part of the organization, from business processes to leadership decision-making

Qr Code-Based Cyberattacks Increasingly Target Consumers

Linklaters has advised the Managers on the issuance of two series of Senior Non-Preferred Instruments (€2,000 million + €1,000 million) by Banco Santander, together with a takeover bid targeting two series of Senior Non-Preferred Instruments of €1,500 million and Senior Preferred Instruments of €1,750 million.

Linklaters advises on the issue of two series of senior non-preferred Instruments by Banco Santander (€2bn + €1bn) and related tender offer - Iberian Lawyer

Reveni es una solución operativa global que ayuda a las empresas de e-commerce a maximizar su rentabilidad por unidad fabricada.

Inveready lidera una ronda de inversión de €5M en Reveni, un software que ayuda a los e-commerce a maximizar su rentabilidad unitaria - Webcapitalriesgo

Provides banking, investment, and insurance services

Santander

Provides banking, investment, and insurance services

Santander

Provides banking, investment, and insurance services

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