Santander has hired former PayPal executive Nitin Prabhu as global head of its Digital Consumer Bank (DCB).

Prabhu has spent the past 12 years at PayPal, serving in a number of senior roles.

As head of Santander's Digital Consumer Bank he will oversee the Spanish lender's operations in auto financing, consumer lending, and the OpenBank digital financial services unit.

DCB operates in 26 countries in Europe and the Americas, and serves the financing needs of 25 million consumers.

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