The news: Canada’s banking regulator, the Office of the Superintendent of Financial Institutions (OSFI), authorized Santander to begin operations in Canada, per The Financial Post.
How we got here: Santander has been executing a wider expansion strategy, launching its new digital speedboat Openbank in the US, and partnering with large retailers to help spread the word.
And according to GlobalData, Santander is actively hiring across the US and Mexico, claiming its focus will “continue to be more on the Americas.”