Openbank

Openbank is a digital-first banking brand and a pioneer in the online financial services sector. Established in 1995 in Madrid, Spain, it was originally launched by the Santander Group as one of the world's first telephone-based banks before transitioning to a full digital model. It is recognized as Europe's largest 100% digital bank by deposit volume, known for its focus on technology and cloud-based infrastructure.

While the brand originated in Spain, its services are now deployed internationally. In European markets like Spain, Germany, Portugal, and the Netherlands, it operates as a specialized digital entity within the Santander ecosystem. In the United States and Mexico, the brand has been expanded more recently to provide high-yield savings and other digital products.

Openbank remains a wholly-owned subsidiary of Banco Santander, S.A., one of the largest financial institutions in the world. Its operations are decentralized to comply with local financial regulations; for instance, in the United States, it operates as a division of Santander Bank, N.A., which is headquartered in Boston. Despite this international presence, the ultimate ownership and strategic direction continue to reside with the parent group in Spain.