Santander will launch Openbank within the US and Mexico this yr | EUROtoday

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He Santander Bank begin working in United States and Mexico with Openbank round second half of 2024. The common director of Openbank, Patricia Benitohad already introduced in an occasion in March that the monetary entity would start working this yr in each North American passes.

“Openbank is the Europe's largest digital bank by deposits and has one of the best customer loyalty and satisfaction indexes. We want to continue growing in the United States, the largest financial services market in the world, taking advantage of our technology and our global capabilities to offer a winning customer experience,” stated the president of Banco Santander, Ana Botn.

The mission to launch Openbank within the United States has been underway since 2021 and has been supervised by the present CEO of the group Hctor Gray, who earlier than main Santander was chargeable for the financial institution's enterprise in North America. The goal of the agency is to make use of this model to seize deposits and thus present liquidity to the auto financing subsidiary, in line with the Europa Press company.

Openbank at the moment operates in Spain, Portugal, Germany and the Netherlands. It has two million shoppers and about 18,000 million euros in deposits. The financial institution was additionally current in Argentina, however lastly the group determined to incorporate its supply inside Santander itself, sustaining solely the business model.

The golfer John Rahm be accountable for selling Openbank on his t-shirt throughout all competitions beginning with the Augusta Masters (United States). The athlete has been Santander world ambassador for the reason that center of final yr.