Santander Targets SME Sector, Backs Ambitious UK Fintech Company

European banking giant, Banco Santander SA, just acquired a major stake in the UK Fintech market. The Spanish bank acquired more than 50 percent of the SME trade and foreign exchange, Ebury, for $453 million. The acquisition is scheduled to close in the first quarter of 2020 and is expected to boost Santander’s global payments business...