Santander recently launched its digital bank, Openbank, in the U.S. Openbank is offering high-yield savings accounts and has plans to expand into a full-service digital bank by the end of 2025. As Europe’s largest digital bank by deposits, Openbank aims to provide comprehensive banking services to
As digital banking becomes the new norm, Santander has strategically launched its digital banking platform, Openbank, in the U.S. market. This move signifies a major step towards harnessing the potential of digital-first financial services, aimed at a market known for its competitiveness and high
Founded by Amnon Shashua and Marius Nacht, One Zero is a digital bank based in the United States that has recently attracted significant attention due to its new $100 million fundraising round. With current valuations estimated between $400 million and $450 million, this marks a substantial
In the rapidly evolving landscape of financial services, cloud banking software is emerging as a fundamental catalyst for transformation. Banks and financial institutions are increasingly adopting this technology, leaving behind conventional, on-premises systems for more agile, secure, and
The Consumer Financial Protection Bureau's (CFPB) proposed rule on open banking aims to change the way consumer banking data is accessed and shared among financial institutions, third-party providers, and data aggregators. Focused on fostering competition, innovation, and consumer empowerment, this
In a world where digital banking is rapidly transforming, cybersecurity threats are escalating at an unprecedented rate. Today, financial institutions are grappling with sophisticated social engineering attacks and account takeovers. This backdrop has created an urgent need for innovative security
