Santander is going to build its own fintech startups to protect it from competition

Spanish banking giant Santander is teaming up with mobile payment company Monitise on a joint venture that will foster new fintech startups. Monitise, who announced the new company in a statement today, says the as-yet-unnamed joint venture will be "investing in, building and scaling fintech businesses with the potential to redefine and support financial services globally." As well as investment, chosen startups will get "access to Monitise's new cloud-based platform which is designed to conn...