Published: January 01, 2011
Banco Santander is a retail and commercial bank, based in Spain, with a presence in 10 main markets. At the close of June 2010, Santander was the largest bank in the Eurozone by market capitalisation and, at the end of 2009, fourth in the world by profit. Founded in 1857, Santander had EUR 1,365bn in managed funds. Santander has more than 90 million customers, 13,671 branches – more than any other international bank – and 170,000 employees. It is the largest financial group in Spain and Latin America, with leading positions in the United Kingdom and Portugal and a broad presence in Europe through its Santander Consumer Finance arm. In the first half of 2010, Santander registered EUR4,445m in net attributable profit.
More specifically in Latin America, Santander enjoys full domestic capabilities in Argentina, Brazil, Chile, Colombia, Mexico, Puerto Rico and Uruguay with extensive branch coverage and direct access to local clearing systems, thus no need for partner banks. This point is critical to deliver a quick and efficient service with full end to end monitoring of transactions processed. Santander’s strategic approach to cash management services is aligned with its fundamental competitive strength: combining strong local banks that have the widest product offering in each country, with delivering regional cash management solutions and a global relationship approach that meets customer needs.
Moreover, Santander has heavily invested in the development of strategic products to enhance its local cash management capabilities. Santander is convinced that these products complement its unparalleled retail presence in the region with leading regional technological and operational capabilities, to become the undisputed leader in transaction banking services. The main product lines supporting these regional developments are:
Santander Global Payments:
Santander Global Payments offers the possibility of processing all payments through a single window via H2H, SWIFT or web connectivity. On top of Santander’s multi-local capabilities, this product delivers a regional solution for our customers.
Santander Corporate Information (*):
Santander Corporate Information is a solution developed to improve the visibility and control of balances and movements over accounts held in our branch network or in other financial institutions. This service is especially suitable for:
Santander Global Portal:
Santander Global Portal is a Global Web Channel for:
Account balances and transactional information can be compiled with prefixed or user-defined overviews (data can be filtered to channel the information that best meets individual requirements). The system offers payment initiation together with historic, customised account reporting and file downloading. Furthermore, the application allows a quick and easy set-up that can be securely accessed from anywhere in the world with online connectivity.
In addition to the above, leveraging on highly qualified teams, Santander’s value proposition to our customers brings highest service standards. This key asset gives the bank the ability to cope with the most stringent demands of its customers. Being in the spotlight for important centralisation projects in the region and being chosen as one of the preferred business partners for these processes in Latin America, Santander has been recognised by TMI as ‘Best Cash Management Bank in South America’.
For further information, please contact:[email protected]
*Information is less complete and non-homogeneous for accounts held in other financial institutions.
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