Business · Companies · 2 hrs ago
Santander closes Navigator platform for companies expanding abroad
Santander is closing Navigator, a digital platform designed to help small and medium-sized businesses expand abroad.
The bank launched it in the UK in 2021 and brought it to Spain in May, after announcing plans to extend it to most of its main markets.
Santander says it can provide the same support through other resources, including its Multinational business, which operates in 12 countries.
The closure comes as the bank pursues a wider simplification strategy to make its business more efficient and reduce costs.
Over the past three years, Santander has cut its retail product range by 60%, from 10,000 products to about 4,000.
The bank says helping internationally ambitious companies expand remains a priority, but it has not said what services will replace Navigator.
Santander is closing Navigator, a digital platform that supported small and medium-sized businesses expanding abroad.
The bank said it decided to withdraw the platform after a review and can provide the service through other resources.
Santander said helping internationally minded companies grow into new markets remains a priority.
Navigator launched in the United Kingdom in 2021 and reached Spain in May.
The closure comes as Santander pursues a broader effort to simplify its business and reduce costs.
- Who
- Santander is closing Navigator, its platform for companies expanding abroad.
- What
- The bank is withdrawing the platform after a review.
- When
- The closure was reported on 14 October 2026; the source does not state when the platform will shut down.
- Where
- Navigator launched in the United Kingdom and later reached Spain. It was intended for use across Santander’s main markets.
- Why
- Santander said it could provide the same service with other resources and wanted to focus on the next phase of its support strategy.
This story does not have two clearly opposing sides.
Navigator launched in the United Kingdom.
Santander launched its ONE TRANSFORMATION strategy to create global models and reduce costs.
Santander announced plans to deploy Navigator in most of its main markets.
Navigator launched in Spain.
Expansión reported that Santander had decided to withdraw Navigator.
- Launch
- United Kingdom, 2021
- Spain launch
- May, year not stated
- Existing international business unit
- Multinacionales operates in 12 countries
- Retail product catalogue
- Reduced by 60% in three years, from 10,000 products to about 4,000
- CEO
- John Carroll was named Navigator Global CEO in November 2024
What people are saying
Tras una revisión, hemos decidido retirar la plataforma para centrar nuestros esfuerzos en la siguiente fase de nuestra estrategia de apoyo a compañías en expansión, en un entorno tecnológico y geopolítico que evoluciona constantemente
sigue siendo una prioridad