THERE was an unusual appearance at the annual Dublin Web technology summit this month.

Santander bankAlongside usual suspects, Microsoft, Google and Facebook was Spanish banking group Santander.

In an effort to ensure it doesn’t fall foul of an unstable financial industry, the bank is branching out into the world of technology.

Backing a number of technological startups in the financial sector, Santander invested 92 million into its peer-to-peer lending technology service InnoVenture in July.

It has also piled millions into five other startups, ranging from retail-payment specialist to early-stage investment advisors.

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