Openbank .
Its new platform has been developed over the past 15 months in Spain using advanced technologies.
Openbank will become one of the first banks to make extensive use of artificial intelligence.
Ana Botin, executive chairman of Banco Santander, said: “We want to offer personalised financial services, accessible from anywhere, at any time.
“For people who prefer an exclusively digital service that is simple, agile and available via smartphone – with the guarantee of the Santander Group – Openbank is the answer.”
Ezequiel Szafir, CEO of Openbank, said: “Openbank offers one of the best digital banking platforms in the world.
“We have built the bank from scratch using some of the most advanced technologies available, allowing us to provide customised products and services for customers who want a digital-only banking proposition.”
Openbank's new app and website include:
• Digital customer onboarding process
• Access to a 24/7 virtual branch
• Cards which can be blocked or unblocked via smartphone.
Openbank has expanded its range to include current accounts, deposits, loans, mortgages and a range of investment products.
Openbank has a 22-year-old history and is the digital bank of the Santander Group.
It serves more than one million customers and has over €6bn in deposits.
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