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Banco Santander (SAN.MC, STD.N, BNC.LN) is a retail and commercial bank, based in Spain, with a presence in 10 main markets and is the largest bank in the euro zone by market capitalization. Founded in 1857, it has 3,229,672 shareholders and 183,534 employees serving 107 million customers through 13,067 branches. It is the largest financial group in Spain and Latin America. It also has significant positions in the United Kingdom, Portugal, Germany, Poland and the northeast United States. In the first nine months of 2014, Santander registered EUR 4.361 billion in attributable profit, an increase of 32% from the same period of the previous year. The Santander Innoventures Fund (formerly the Fintech Fund) was launched in July 2014. Based in London, but with a global mission, the Fund builds on the bank’s philosophy of collaboration and partnership with small and start-up companies. The Fund provides Fin-Tech companies with much needed finance, as well as supporting the digital revolution to ensure Santander’s customers world-wide benefit from the latest know-how and innovations across the Banking Group’s Geographies. The Fund is 100 per cent owned by Santander UK, but is a self-standing, specialized, organization, fully dedicated to the mission of supporting Fin-Tech companies worldwide. The primary focus is on:

  • Digital Delivery of Financial Services – aimed at reinforcing distribution and the overall customer experience in the new digital environment;
  • E-commerce and Payments ventures; Online lending – Ventures using new data sources to provide better access to credit, including crowd and social funding;
  • E-Financial investments – online systems to distribute financial investment products with self-service and planning capabilities organized around the lifecycle; and,
  • Big Data Analytics – platforms to leverage financial and not financial information to provide better services to our customers