Santander news and trends

Santander’s US Digital Bank Platform Marks $2 Billion in Deposits
Digital Banking // February 03, 2025

Santander’s American digital banking platform has surpassed $2 billion in deposits four months after launch. “This achievement represents a significant milestone in the Santander US business strategy to efficiently boost national deposit acquisition that will fuel its leading auto lending franchise and transform its retail bank,”...

Santander Picks Christiana Riley as US CEO Amid Companywide Reorganization
Personnel // January 31, 2025

Banking giant Santander has reportedly chosen a new U.S. CEO amid a larger reshuffle. Christiana Riley will succeed Tim Wennes as the bank’s lead in the U.S., Executive Chair Ana Botin announced Friday (Jan. 31), per a report by Reuters. Sources told the news outlet...

Santander Reportedly Considering Exit of UK Banking Market
Banking // January 19, 2025

Santander is reportedly rethinking its U.K. presence 20 years after entering the British banking market. The Spanish lender is weighing a number of options, including exiting the U.K. entirely, the Financial Times (FT) reported Sunday (Jan. 19), citing sources familiar with the matter. These sources...

Santander Appoints PayPal Veteran to Head Digital Consumer Bank
Personnel // December 11, 2024

Banco Santander has appointed PayPal veteran Nitin Prabhu as its global head of Digital Consumer Bank (DCB). In this role as head of one of the bank’s five global businesses, Prabhu will be responsible for the auto and consumer business globally as well as its fully digital bank Openbank,...

Interviews & Exclusives
Digitization Speeds Approvals, Closes Gaps in EU Trade Finance Sector

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 […]

Government Unfazed as Multisector ‘Windfall Tax’ Draws Ire of Spanish Banks

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...

PagoNxt CEO: Blurring of Bank, FinTech Lines Will Drive EU Payments Growth

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,...

Santander, Ripple Use Blockchain To Settle Global Payments

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,...

Quick Reads
Banco Santander Credits Technology Platforms for Achievement of Record Results

February 05, 2025
Banco Santander credited its technology platforms with helping it achieve record results in 2024. “As one of the largest retail and consumer banks in the world, we have the scale to build our own technology platforms, making it possible to offer customers the best products and services while constantly reducing the cost-to-serve,” Banco Santander Executive […]

Santander’s US Digital Bank Platform Marks $2 Billion in Deposits

February 03, 2025
Santander’s American digital banking platform has surpassed $2 billion in deposits four months after launch. “This achievement represents a significant milestone in the Santander US business strategy to efficiently boost national...

Santander Picks Christiana Riley as US CEO Amid Companywide Reorganization

January 31, 2025
Banking giant Santander has reportedly chosen a new U.S. CEO amid a larger reshuffle. Christiana Riley will succeed Tim Wennes as the bank’s lead in the U.S., Executive Chair Ana...

Santander Reportedly Considering Exit of UK Banking Market

January 19, 2025
Santander is reportedly rethinking its U.K. presence 20 years after entering the British banking market. The Spanish lender is weighing a number of options, including exiting the U.K. entirely, the...