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Santander InnoVentures invests in Roostify
Santander InnoVentures announced an investment in San Francisco based startup Roostify, specialized in the digitalization of the process of obtaining a mortgage, enabling it to be done even via smartphone. Founded in 2014, Roostify built their enterprise platform with the aim of improving speed, eliminate paper, as well as simplify the process and reduce costs.
Manuel Silva, head of Investments at Santander InnoVentures, said: “We have been very impressed with Roostify’s vision of putting the client first, and developing technologies that support such experiences. We are excited about Roostify’s growth prospects, in particular as they think about new markets beyond the US. Following our ‘invest and partner’ model, we are excited to bring their solutions to Santander Group’s customers in the future.”
Rajesh Bhat, CEO and co-founder at Roostify, said: “We were drawn to Santander Innoventures by their strong culture of innovation, and our shared vision of excellence for the consumer experience. We couldn’t ask for a better partner as we explore bringing consumer-first online lending innovation to the European market.”
Roostify announced today the closing of its Series B USD 25 million financing, in which Santander InnoVentures was an investor. The aim of this new funding is to help the company achieve its objectives, which include an expanded enterprise offering, product improvements and expansion into new markets.
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State Bank of India and MUFG Sign Strategic Partnership to Strengthen India–Japan Financial Collaboration
State Bank of India (SBI), India’s largest commercial bank, and MUFG Bank, Ltd., (MUFG) Japan’s premier global financial institution, today announced the signing of a Strategic Partnership Agreement to advance bilateral financial collaboration and strengthen the India–Japan economic corridor. The agreement aims to enhance mutual collaboration by further leveraging the complementary strengths of both institutions to facilitate cross-border capital flows, create new synergistic financing opportunities and support sustainable economic growth across two of Asia’s largest economies.
Solance Selects SaaScada to Power Next-generation Payments Platform
Solance, a Dublin-based financial institution providing financial services for family offices, corporate service providers and corporates with multi-entity structures, has selected SaaScada to power its new multi-currency payments platform as part of its European launch.
Investment Management Industry Encouraged to Start Planning For UK Crypto Assets Regime
The Investment Association (IA) – the trade body for the UK investment management industry – today launched its ‘UK Crypto Assets Regime: How the investment management industry can navigate new waters’ report, produced in collaboration with Travers Smith.
Redwood Reduces Rates and Increases Loan Limits
Redwood Bank has reduced its interest rates on loans up to 60% LTV as part of a wider set of changes designed to support affordability and give brokers greater flexibility when structuring deals.
Socotra Becomes First Insurance Core to Release Generally Available AI
Socotra announced the general availability of Socotra Assistant, a powerful AI underwriting capability built directly into Socotra Operations Workbench
BioCatch unveils DeviceIQ: Redefines how banks evaluate device risk in the AI era
BioCatch, which prevents fraud and financial crime by recognising patterns in human behaviour, today announced the launch of DeviceIQ, a comprehensive new device identification and intelligence product transforming how financial institutions evaluate the trustworthiness of devices used for digital banking.
Ledgible and Label Partner to Streamline Digital Asset Tax Information CARF & DAC8 Reporting and Compliance
Ledgible, the enterprise digital asset tax, accounting, and data reporting platform, today announced a strategic partnership with Label to deliver integrated CARF (Crypto Asset Reporting Framework) and DAC8 reporting solutions for digital asset businesses.
State Bank of India and MUFG Sign Strategic Partnership to Strengthen India–Japan Financial Collaboration
State Bank of India (SBI), India’s largest commercial bank, and MUFG Bank, Ltd., (MUFG) Japan’s premier global financial institution, today announced the signing of a Strategic Partnership Agreement to advance bilateral financial collaboration and strengthen the India–Japan economic corridor. The agreement aims to enhance mutual collaboration by further leveraging the complementary strengths of both institutions to facilitate cross-border capital flows, create new synergistic financing opportunities and support sustainable economic growth across two of Asia’s largest economies.
Solance Selects SaaScada to Power Next-generation Payments Platform
Solance, a Dublin-based financial institution providing financial services for family offices, corporate service providers and corporates with multi-entity structures, has selected SaaScada to power its new multi-currency payments platform as part of its European launch.
Investment Management Industry Encouraged to Start Planning For UK Crypto Assets Regime
The Investment Association (IA) – the trade body for the UK investment management industry – today launched its ‘UK Crypto Assets Regime: How the investment management industry can navigate new waters’ report, produced in collaboration with Travers Smith.
Redwood Reduces Rates and Increases Loan Limits
Redwood Bank has reduced its interest rates on loans up to 60% LTV as part of a wider set of changes designed to support affordability and give brokers greater flexibility when structuring deals.
Socotra Becomes First Insurance Core to Release Generally Available AI
Socotra announced the general availability of Socotra Assistant, a powerful AI underwriting capability built directly into Socotra Operations Workbench
BioCatch unveils DeviceIQ: Redefines how banks evaluate device risk in the AI era
BioCatch, which prevents fraud and financial crime by recognising patterns in human behaviour, today announced the launch of DeviceIQ, a comprehensive new device identification and intelligence product transforming how financial institutions evaluate the trustworthiness of devices used for digital banking.
Ledgible and Label Partner to Streamline Digital Asset Tax Information CARF & DAC8 Reporting and Compliance
Ledgible, the enterprise digital asset tax, accounting, and data reporting platform, today announced a strategic partnership with Label to deliver integrated CARF (Crypto Asset Reporting Framework) and DAC8 reporting solutions for digital asset businesses.