FinTech Magazine November 2019 | Page 63

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BANCO SANTANDER

[ Spain ]

Spanish banking giant Santander announced in April this year that it will invest € 20bn in technology over the next four years , significantly upping the ante in its transformational efforts . Through its investment strategy , Santander is expanding its customer-facing digital offering in many ways , including : the introduction of an open-market international payments service , dubbed Pago FX ; the expansion of its Brazilian subsidiary , Getnet , to deliver a Global Merchant Services Platform ; and a platform that will ease international trading for SMEs .
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