Santander InnoVentures Launches Blockchain Tech Challenge
Santander InnoVentures has announced the launch of a global blockchain competition which seeks to support early stage startups using distributed ledger technology. The Spanish megabank's $100m venture capital firm - which recently participated in Ripple's $32m funding round - is offering the winner a $15,000 cash prize as well as access to its technology and business experts. Mariano Belinky, managing partner of Santander InnoVentures, said in a statement: "Distributed ledger technologies will create huge value for customers, banks and entrepreneurs who create new businesses around it. The....
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Santander InnoVentures announced an open DL Challenge for fintech startups using Blockchain technology. The grand prize will be US$15,000 along with the promise of future angel investment. The goal of the DL Challenge is to “inspire innovation and encourage entrepreneurship” for startups worldwide. The competition is focused on mortgage processing, trade finance and asset leasing. Participants will be selected by a panel of DL and blockchain technology experts during the Challenge event in January, 2015. Mariano Belinky, managing partner of Santander InnoVentures, said: “Distributed ledger....
Santander InnoVentures has launched a global competition titled 'Santander InnoVentures Distributed Ledger Challenge' with the aim of encouraging and supporting those startups that employ distributed ledger technologies and blockchain in the fintech industry. The entry submission begins from November 5th, 2015 and the deadline is December 31st. In the next step, the startups will be shortlisted and then they will be further selected by a panel of distributed ledger and blockchain technology experts. Later, the winner will be revealed at New York in January 2016. Santander InnoVentures is a....
Santander Innoventures, the $100 million fintech venture capital fund of multi-billion dollar Spanish banking group Santander, has partnered with startup agency OneVest to run a Distributed Ledger (DL) Challenge for early-stage startups. Specifically, the bank will be actively searching for blockchain-based startups targeting mortgage processing, trade finance and asset leasing, and technologies which could help the bank bridge conventional payment systems with decentralized payment networks like the blockchain. "Distributed ledger technologies will create huge value for customers, banks....
After releasing a paper covering 20 to 25 uses of blockchain technology, Santander is reportedly ready to invest in a cryptocurrency startup to sustain their initiatives. Santander is the tenth largest bank in the world, according to a list by Forbes. The bank has come up with Santander InnoVentures, which is the banking giant's $100 million fintech investment fund. This was launched last year and has made three investments so far. Blockchain Technology Startups. "We're very excited about distributed ledgers and blockchain technology. They really have the potential to disrupt many of the....
Ripple has received an estimated $4m in funding from Santander InnoVentures, bringing its Series A total to $32m. The Spanish banking group's FinTech fund joins a combination of new and existing investors, including VC funds of US futures and options exchange CME Group and data storage firm Seagate Technology. Ripple, now being tested by a number of banks, has bought in $41m to date. Speaking about the additional investment, CEO and co-founder Chris Larsen said in a statement: "Santander InnoVentures is a natural fit in this round because of their demonstrated support for real-time....