Santander

Santander Bank, N. A., formerly Sovereign Bank, is a wholly owned subsidiary of Spanish Santander Group. It is based in Boston and its principal market is the northeastern United States.

(source: santanderbank.com)

Virtual Banks Forge Ahead in Defining Banking’s Digital Future
Virtual Banks Forge Ahead in Defining Banking’s Digital Future
April 10, 2024  |  Digital Banking

The banking landscape is undergoing a digital transformation, as traditional financial institutions (FIs) race to keep pace with evolving consumer preferences and technological advancements.  Santander’s...

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Santander to Launch Openbank Digital Bank in US, Mexico
Santander to Launch Openbank Digital Bank in US, Mexico
April 09, 2024  |  Digital-First Banking

Santander will launch its digital bank, Openbank, in the United States and Mexico in the second half of 2024. Currently, Openbank serves 2 million customers in four...

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Santander Slashes Jobs as Banking’s Digital Shift Continues
Santander Slashes Jobs as Banking’s Digital Shift Continues
March 04, 2024  |  Banking

Santander is reportedly cutting 320 jobs as it continues to embrace digital banking. The Spain-based bank has laid off a little under 3% of its American staff in...

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Santander Mexico to Launch Digital Bank Service This Year
Santander Mexico to Launch Digital Bank Service This Year
January 24, 2024  |  Banking

Santander Mexico, a subsidiary of global banking giant Santander, is preparing to launch its digital bank service. Matias Nunez, the head of digital and innovation...

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Santander Intros Overdraft-Free Checking Accounts
Santander Intros Overdraft-Free Checking Accounts
November 16, 2023  |  Banking

Santander has introduced a checking account designed to help customers avoid overdrafts. The bank’s Essential Checking account, announced Thursday (Nov. 16), lets consumers spend what they have...

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Santander Aims to Double Business in US Investment Banking
Santander Aims to Double Business in US Investment Banking
November 09, 2023  |  Banking

Santander, Spain’s largest bank, is set to expand its corporate banking presence in the United States. Speaking Thursday (Nov. 9) at the Reuters NEXT conference in...

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Metro Bank Secures $1.1 Billion From Investors
Metro Bank Secures $1.1 Billion From Investors
October 08, 2023  |  Banking

England’s Metro Bank has reportedly secured $1.1 billion from investors following a rocky week. As Bloomberg News reported Sunday (Oct. 8), the funding package is comprised of a...

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LendingClub Picks Santander as Auto Refinancing Partner
LendingClub Picks Santander as Auto Refinancing Partner
September 12, 2023  |  News

LendingClub has tapped Santander Consumer as the primary loan servicer for its auto refinance portfolio.  The partnership, announced Tuesday (Sept. 12), involves LendingClub Bank’s direct auto refinance program...

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Self-Serve Finance Marketplace Helps Buyers Find Cars They Can Actually Afford
Self-Serve Finance Marketplace Helps Buyers Find Cars They Can Actually Afford
January 18, 2023  |  Partnerships

AutoFi and Santander Consumer USA plan to launch a finance-based auto shopping marketplace this spring. The online, direct-to-consumer (D2C) marketplace will use a soft credit...

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