Close Menu
fintechbits
  • News
  • AI
  • Acquisitions
  • Trends
  • Insights
  • Rumors
  • Startups
  • finjobsly

Subscribe to Updates

Get the latest news from Fintechbits.

Trending Now

Zango has come out of stealth mode, securing $4.8 million to transform financial compliance systems using AI agents.

July 2, 2025

Analysis of Key Indicators of AI Vulnerabilities in Financial Technology and Healthcare Applications

July 2, 2025

essential support for hospitals during financial crises

July 2, 2025

Mapping the Companies That Establish a Brand in the Chinese Fintech Sector

July 2, 2025
Facebook X (Twitter) Instagram
Trending
  • Zango has come out of stealth mode, securing $4.8 million to transform financial compliance systems using AI agents.
  • Analysis of Key Indicators of AI Vulnerabilities in Financial Technology and Healthcare Applications
  • essential support for hospitals during financial crises
  • Mapping the Companies That Establish a Brand in the Chinese Fintech Sector
  • Floridians Lead the Country in Embracing AI for Financial Management
  • Floridians lead the nation in adopting AI for financial management
  • PayTM restricts 10% amid rumors of government cancellation of MDR – Is the expansion of UPI in India becoming a challenge for fintech companies? More details here.
  • Enhancing Regulatory Innovation to Support the FinTech Sector in the UK
Facebook X (Twitter) Instagram Pinterest Vimeo
fintechbits
  • News

    Fintech Company Pine Labs Submits IPO Documents to SEBI for Fundraising, According to Reports

    June 26, 2025

    Breaking News: Initial lineup of demonstrations revealed for FinovateFall 2025

    June 12, 2025

    Fintech Scotland and TSB unveil a new innovation lab initiative.

    June 3, 2025

    OECD Economic Outlook June 2025: The Fintech Executive’s Strategic Playbook

    June 2, 2025

    The impact of the fintech recruitment crisis on job seekers.

    May 28, 2025
  • AI

    Zango has come out of stealth mode, securing $4.8 million to transform financial compliance systems using AI agents.

    July 2, 2025

    essential support for hospitals during financial crises

    July 2, 2025

    Floridians Lead the Country in Embracing AI for Financial Management

    July 2, 2025

    Floridians lead the nation in adopting AI for financial management

    July 2, 2025

    A fresh leader directs the ethical application of AI in financial decision-making.

    July 2, 2025
  • Acquisitions

    African fintech leaders are shaping the industry through worldwide acquisitions.

    June 30, 2025

    Acrisure obtains significant funding to enhance its fintech strategy.

    June 14, 2025

    $200 million IPO SPAC aims for acquisitions in fintech and AI sectors.

    June 1, 2025

    Wealthsimple hires multiple teams to enhance family financial management.

    May 31, 2025

    The HPS of Morocco plans to acquire a Fintech company by 2027, referred to as CEO – TradingView News.

    May 3, 2025
  • Trends

    Key Trends and Focus Areas in Fintech Payments for 2025

    June 22, 2025

    Overview of the Singapore Fintech Market: Market Size, Trends, and Growth Potential

    June 18, 2025

    Southeast Asia’s Fintech Market: Size, Trends, and Growth Potential

    June 13, 2025

    Irish fintech remains on a remarkable growth trajectory, contrary to global trends.

    June 12, 2025

    The Irish fintech sector is thriving and surpassing global trends.

    June 9, 2025
  • Insights

    Schaeffer Investment Research Scholarships Break Through Significant Resistance Levels

    June 27, 2025

    Finance Magnates Reports: XBO Designated as Top Cryptocurrency Payment Gateway. XBO’s core principles of trust and simplicity align with cutting-edge solutions, providing customers access to an award-winning crypto payment option. 16 hours ago

    June 26, 2025

    Fintech Bank competes with HSBC and Lloyds in the current account market.

    June 24, 2025

    Netcapital’s Nasdaq acquisition of a web3-based free gaming platform without mixing code

    June 19, 2025

    Ali Kassab and Freedom PSP: Unraveling the Myths of Fintech

    June 19, 2025
  • Rumors

    PayTM restricts 10% amid rumors of government cancellation of MDR – Is the expansion of UPI in India becoming a challenge for fintech companies? More details here.

    July 2, 2025

    The Giant Fintech Green Point Captivates Investment Capital Interest

    June 25, 2025

    Chinese Ant Group refutes speculation about a partnership with Rwa and Stablecoin.

    June 20, 2025

    Tua Tagovailoa Trade Speculation: Miami Dolphins May Pursue QB Negotiations After 2025 Season if Playoff Aspirations Fall Short | NFL News

    June 16, 2025

    Paraphrase the title from the Circle files regarding the IPO for the Bank.

    June 7, 2025
  • Startups

    Analysis of Key Indicators of AI Vulnerabilities in Financial Technology and Healthcare Applications

    July 2, 2025

    Mapping the Companies That Establish a Brand in the Chinese Fintech Sector

    July 2, 2025

    Saudi fintech Petroapp secures $50 million for development and anticipates an IPO.

    July 2, 2025

    Indian fintech firm Fincfriends secures $11.5 million in debt financing.

    July 1, 2025

    Saurabh Dwivedi Appointed CTO of Indian Fintech Company Mobikwik

    July 1, 2025
  • finjobsly
fintechbits
Home » Banco Santander to cut UK jobs as part of cost-cutting efforts
Jobs Market News

Banco Santander to cut UK jobs as part of cost-cutting efforts

2 Mins Read
Facebook Twitter Pinterest Telegram LinkedIn Tumblr Email Reddit
Santander Bank Li.png
Share
Facebook Twitter LinkedIn Pinterest Email Copy Link

Reuters reported that the Spain-based company Santander Bank has decided to move forward with a plan to cut 1,425 jobs across its UK operations.

According to the same source, the bank’s decision to make layoffs is part of an effort to reduce costs. Banco Santander officials confirmed the decision at a recent press conference, revealing that 1,425 is the number of positions reduced. The Guardian reported that most of the layoffs have already been made, with the remaining cuts expected to be completed by the end of 2024.

The announcement coincides with the publication of Banco Santander’s third quarter 2024 financial results, which show a notable increase in attributable profit, reaching €9.3 billion, representing an increase of 14% compared to the same period of the previous year. The bank attributes the increase to solid revenue growth across all its international operations and the acquisition of five million new customers.

This restructuring aligns with a series of broader organizational changes announced last year, aimed at streamlining operations for greater efficiency and profitability. As part of this strategy, Santander has restructured its global presence into five main operating segments, each operating as a separate business unit.

Banco Santander initially expanded into the UK market through the acquisition of Abbey National Building Society in 2004. It later strengthened its presence in the UK with the incorporation of former UK financial institutions Alliance & Leicester and Bradford & Bingley in Santander UK in 2010.

Reuters reported that Spanish bank Banco Santander had decided to move forward with a plan to cut 1,425 jobs within its UK operations.

Other developments from Banco Santander

In October 2024, Token.io partners with Santander UKto use Token.io’s Open Banking technology and infrastructure to improve Santander’s customer experience and create real-time payment solutions.

According to the official press release, Santander has integrated Token.io’s infrastructure to enable credit card payments directly from external bank accounts. This A2A payment method offers a smoother alternative to direct debits or manual transfers, eliminating the need for manual data entry and using biometric Strong Customer Authentication (SCA) for secure mobile payments.

Additionally, Santander revealed plans to use Token.io’s infrastructure to modernize real-time money transfers for its retail banking customers.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

The top five in-demand positions for MBAs by 2025

June 22, 2025

Employment Opportunities in Fintech, Online, and Cryptocurrency from May 29 to 30 – Cape Town FMAS: 25

May 30, 2025

Exploring Fintech, Cryptocurrency, and Online Job Opportunities in South Africa from May 29 to 30 – Cape Town FMAS: 25

May 29, 2025
Leave A Reply Cancel Reply

Latest news

Zango has come out of stealth mode, securing $4.8 million to transform financial compliance systems using AI agents.

July 2, 2025

Analysis of Key Indicators of AI Vulnerabilities in Financial Technology and Healthcare Applications

July 2, 2025

essential support for hospitals during financial crises

July 2, 2025
News
  • AI in Finance (1,323)
  • Breaking News (152)
  • Corporate Acquisitions (65)
  • Industry Trends (176)
  • Jobs Market News (290)
  • Market Insights (188)
  • Market Rumors (240)
  • Regulatory Updates (149)
  • Startup News (875)
  • Technology Innovations (152)
  • X Feed (1)
About US
About US

FintechBits is a blog delivering the latest news and insights in fintech, finance, and technology. We cover breaking news, market trends, innovations, and expert opinions to keep you informed about the future of finance

Facebook X (Twitter) Instagram Pinterest Reddit TikTok
News
  • AI in Finance (1,323)
  • Breaking News (152)
  • Corporate Acquisitions (65)
  • Industry Trends (176)
  • Jobs Market News (290)
  • Market Insights (188)
  • Market Rumors (240)
  • Regulatory Updates (149)
  • Startup News (875)
  • Technology Innovations (152)
  • X Feed (1)
Happening Now

November 28, 2024

“ Intentionally collaborative ”: how the Rotman school of U of T leads Innovation Fintech

February 6, 2025

‘1957 Ventures’ to Drive FinTech Innovation in Saudi Arabia

September 10, 2024
  • About FintechBits
  • Advertise With us
  • Contact us
  • Disclaimer
  • Privacy Policy
  • Terms and services
  • BUY OUR EBOOK GUIDE
© 2025 Designed by Fintechbits

Type above and press Enter to search. Press Esc to cancel.