A major bank and an innovative financial technology platform are getting together to invest in fintech, a fancy name for financial technology companies. These are businesses largely centered around use of software for the delivery of financial services.
The new partners are Santander Bank, a large North American lender, and London-based Monitise, an innovator in so-called mobile money. That’s banking, paying and buying with a mobile device.
Santander is Teaming Up With Monitise to Invest in Fintech Startups
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