Santander Consumer Bank (Deutschland)

Santander Consumer USA Partners with Wheels of Success to Provide Vehicles for Individuals in Need

Retrieved on: 
Monday, April 18, 2022
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DALLAS and TAMPA, Fla., April 18, 2022 /PRNewswire/ -- Santander Consumer USA Inc. ("Santander Consumer" and "Santander") today announced a four-year commitment to donate two used vehicles every quarter to Tampa-based Wheels of Success Inc. ("Wheels of Success"). Wheels of Success helps families obtain, and sustain, work by providing them with reliable personal transportation. Santander Consumer will donate a total of 30 vehicles through December 2025, valued at approximately $600,000.00.

Key Points: 
  • DALLAS and TAMPA, Fla., April 18, 2022 /PRNewswire/ -- Santander Consumer USA Inc. ("Santander Consumer" and "Santander") today announced a four-year commitment to donate two used vehicles every quarter to Tampa-based Wheels of Success Inc. ("Wheels of Success").
  • Santander Consumer will donate a total of 30 vehicles through December 2025, valued at approximately $600,000.00.
  • Clients receiving vehicles buy them from Wheels of Success, making monthly payments based on the client's ability to pay.
  • In addition to the cars donated by Santander, the Santander Consumer Foundation granted Wheels of Success $50,000.00 in 2021 to support facilitation of transportation opportunities and vehicle ownership during the pandemic.

Santander US Increases Minimum Wage to $20

Retrieved on: 
Wednesday, March 30, 2022
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Santander Holdings USA, Inc. ("Santander US and Santander) announced today that it will increase its minimum hourly wage to $20, nearly triple the federal minimum wage and higher than the minimum wage offered by most leading competitors.

Key Points: 
  • Santander Holdings USA, Inc. ("Santander US and Santander) announced today that it will increase its minimum hourly wage to $20, nearly triple the federal minimum wage and higher than the minimum wage offered by most leading competitors.
  • Between 2018 and 2022, the Bank has increased its minimum wage by more than 33 percent.
  • Santander Bank and SC Operations teams will also implement the new $20 minimum hourly wage as employees are invited back to the office under a flexible, hybrid model.
  • These include Santander Bank, N.A., Santander Consumer USA Holdings Inc., Banco Santander International, Santander Securities LLC, Santander Investment Securities Inc., and several other subsidiaries.

Santander Consumer Canada Joins the AutoFi Lending Network to Provide Fast and Easy Online Automotive Financing

Retrieved on: 
Wednesday, March 23, 2022
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AutoFi , the leading commerce platform for digital automotive sales and financing, announced today that Santander Consumer Canada has joined its network of North American automotive lending partners.

Key Points: 
  • AutoFi , the leading commerce platform for digital automotive sales and financing, announced today that Santander Consumer Canada has joined its network of North American automotive lending partners.
  • Participating in AutoFis program reflects Santander Consumer Canadas progressive approach to digital financing, allowing customers to receive fast, easy and convenient automotive financing options and approval from anywhere.
  • Customers shopping or researching vehicles online can obtain instant credit approval and a firm financing offer from Santander Consumer Canada through Canadas top automotive dealers.
  • Were pleased to have Santander Consumer Canada join our network of more than 40+ lending institutions in North America, said Kevin Singerman, CEO and co-founder of AutoFi.

AutoFi Closes $85 Million in Funding to Accelerate Growth

Retrieved on: 
Monday, March 7, 2022
Other Retail, Automotive, Online Retail, Technology, Professional Services, Specialty, Other Technology, General Automotive, Retail, Software, Finance, Banco Santander, Crosslink Capital, Industry, Service, Silicon, Multimedia, Friction, Original equipment manufacturer, CEO, SVB, Engineering, Santander Consumer Bank (Deutschland), Silicon Valley Bank, Trust, Online shopping

AutoFi , the leading commerce platform for digital automotive sales and financing, announced today it has closed $85 million in funding valuing the company at nearly $700 million.

Key Points: 
  • AutoFi , the leading commerce platform for digital automotive sales and financing, announced today it has closed $85 million in funding valuing the company at nearly $700 million.
  • View the full release here: https://www.businesswire.com/news/home/20220306005035/en/
    Kevin Singerman, CEO and co-founder of AutoFi, which announced March 7 that it has closed $85 million in funding valuing the company at nearly $700 million.
  • With four consecutive years of 100% revenue growth, AutoFi more than doubled the size of its staff in 2021 to 220 employees.
  • AutoFis platform processed more than one million automotive financing requests that resulted in more than $3 billion in vehicle sales in 2021.

Santander Consumer Expands its Digital Auto Finance Experience in Partnership with AutoFi

Retrieved on: 
Monday, March 7, 2022
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The consumer digital experience will bring new "transaction-ready" vehicle shoppers to SC's dealers by enabling consumers to preview a dealer's inventory online and identify cars they want and can afford, before they visit the dealership.

Key Points: 
  • The consumer digital experience will bring new "transaction-ready" vehicle shoppers to SC's dealers by enabling consumers to preview a dealer's inventory online and identify cars they want and can afford, before they visit the dealership.
  • Santander Consumer USA President and CEO, Mahesh Aditya, said, "Our new digital product suite will connect dealers, consumers and vehicles more effectively than ever before.
  • AutoFi's co-founder and CEO, Kevin Singerman, said, "Santander is a global leader in auto finance, and we are excited to expand our partnership with them on this digital experience.
  • Santander Consumer USA Inc. is a full-service consumer finance company focused on vehicle finance, third-party servicing and delivering superior service to our more than 3.0 million customers across the full credit spectrum.

Santander US Holdings Names Dr. Virnitia Hendricks Chief Diversity Officer, Head of Diversity, Equity and Inclusion

Retrieved on: 
Tuesday, March 1, 2022
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Santander Holdings USA, Inc. (Santander US), today announced that Dr. Virnitia Hendricks has been named Chief Diversity Officer, Head of Diversity, Equity and Inclusion (DE&I) for Santander US.

Key Points: 
  • Santander Holdings USA, Inc. (Santander US), today announced that Dr. Virnitia Hendricks has been named Chief Diversity Officer, Head of Diversity, Equity and Inclusion (DE&I) for Santander US.
  • View the full release here: https://www.businesswire.com/news/home/20220301005261/en/
    Dr. Virnitia Hendricks has been named Chief Diversity Officer, Head of Diversity, Equity and Inclusion (DE&I) for Santander US.
  • I am excited to serve as Chief Diversity Officer, Head of DE&I at this pivotal time in Santander US diversity, equity and inclusion journey, said Hendricks.
  • These include Santander Bank, N.A., Santander Consumer USA Holdings Inc., Banco Santander International, Santander Securities LLC, Santander Investment Securities Inc., and several other subsidiaries.

NEW YORK COMMUNITY BANCORP, INC. ANNOUNCES THE APPOINTMENT OF MARSHALL LUX TO ITS BOARD OF DIRECTORS

Retrieved on: 
Monday, February 28, 2022
Risk, Financial technology, Board, Federal Reserve Board of Governors, Insurance, Santander Consumer Bank (Deutschland), McKinsey & Company, Harvard Business School, Growth, Bank, Boston, BCG, Audit committee, Industry, Company, Princeton University, Senior advisor, NYSE, Audit, Marshall, Director, Boston Consulting Group, Roslyn Savings Bank Building, New York Community Bank, Mphasis, Atlantic Bank, AmTrust Bank, SPAC, Partnership, Community Bank, The Guardian Life Insurance Company of America, Risk assessment, NYCB, Harvard University, JPMorgan Chase, Congress, Knowledge, Small business, Queens County Savings Bank, Public sector, Hamoodur Rahman Commission, Greater Community Bancorp, Financial services, Management

At BCG, Mr. Lux continued his focus on advising financial services companies, including residential mortgage lenders and other consumer credit providers regarding various consumer compliance matters.

Key Points: 
  • At BCG, Mr. Lux continued his focus on advising financial services companies, including residential mortgage lenders and other consumer credit providers regarding various consumer compliance matters.
  • He is also a director of the Guardian Life Mutual Funds Board, which is a part of the Guardian Life Insurance Company.
  • About New York Community Bancorp, Inc.
    Based in Hicksville, NY, New York Community Bancorp, Inc. is a leading producer of multi-family loans on non-luxury, rent-regulated apartment buildings in New York City, and the parent of New York Community Bank.
  • At December31, 2021, the Company reported assets of $59.5 billion, loans of $45.7 billion, deposits of $35.1 billion, and stockholders' equity of $7.0 billion.

Santander Consumer USA Invests $35 Million to Bridge the Digital Divide in Communities Across the U.S.

Retrieved on: 
Monday, January 17, 2022
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DALLAS, Jan. 17, 2022 /PRNewswire/ -- Santander Consumer USA ("SC") today announced that it is partnering with technology and community nonprofit Comp-U-Dopt to help bridge the digital divide in several cities in the U.S.

Key Points: 
  • DALLAS, Jan. 17, 2022 /PRNewswire/ -- Santander Consumer USA ("SC") today announced that it is partnering with technology and community nonprofit Comp-U-Dopt to help bridge the digital divide in several cities in the U.S.
  • The initiative is aimed at providing greater financial empowerment and overall well-being to communities who face challenges obtaining digital connectivity.
  • The Santander Consumer Foundation awarded the $35 million grant to national non-profit Comp-U-Dopt based on their inclusive mission and successful track record in underserved communities.
  • View original content to download multimedia: https://www.prnewswire.com/news-releases/santander-consumer-usa-invests-...
    SOURCE Santander Consumer USA Holdings Inc.

Informed.IQ Announces Key Executive Hire Focused on Increasing Automation in Auto Lending

Retrieved on: 
Friday, January 14, 2022
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Ms. Gonzalez was most recently Senior Vice President of Digital Transformation at Santander Consumer and joins as Informed.IQ's Director of Auto.

Key Points: 
  • Ms. Gonzalez was most recently Senior Vice President of Digital Transformation at Santander Consumer and joins as Informed.IQ's Director of Auto.
  • Informed.IQ has become the fastest growing supplier of automation software to the auto finance industry and now counts the majority of the country's top auto lenders as customers.
  • She will be instrumental in boosting productivity for auto lenders through Informed.IQ's proprietary machine learning and artificial intelligence technology.
  • Originally focused on auto lending, where five of the top ten auto lenders use Informed.IQ, financial institutions now use Informed.IQ's technology to help offer mortgages, credit cards, and automated bank account openings to their customers.

Exeter names new CFO & Vice Chairman Jason Kulas as Brad Nall announces retirement

Retrieved on: 
Thursday, January 13, 2022
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His successor will be auto finance industry veteran Jason Kulas, who will assume duties as the company's new CFO and Vice Chairman next month.

Key Points: 
  • His successor will be auto finance industry veteran Jason Kulas, who will assume duties as the company's new CFO and Vice Chairman next month.
  • Nall has served as Chief Financial Officer for five years and has held senior leadership roles at Exeter since 2012.
  • Kulas will officially assume the role as Exeter's Chief Financial Officer and Vice Chairman on Feb. 15, 2022.
  • Grubb's sentiments are echoed by Exeter Board Chairman Tom Dundon, who offers high praise for both Nall and Kulas.