I am in the process of getting hired at Santander previously in the name of Sovereign bank. how is the stability of the bank. I was offered a pay grade of 15 for 13yrs of experience. anyone has any info on whether it is the right grade for the experience.
Not sure about the operations in the US but in Spain and Latin America their growth is huge. The most profitable bank in Latin America
thanks for the insight everyone.
In some areas, Santander is leading. Blockchain group headed in Madrid is solid and innovative. Was the first bank to create a tokenized euro on the Ethereum blockchain for example. I can't comment on the pay grade, I'm not familiar with their scale.
It’s doing good in Spain then LATAM followed by UK. Elsewhere it’s performing bad. Specially, in US …. old sovereign bank employees keeping it a mess and internal politics and low tech stack makes it worse
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Trash bank. Trash technology. See: https://myonlineaccounts2.abbeynational.co.uk/ http://seclists.org/fulldisclosure/2012/Oct/101 Even ignoring user facing security issues, all of their internal tech powering everything is complete garbage. Want to do a risk analysis for a commercial banking client that wants to syndicate a loan? Gotta use Windows with IE6. Fucking garbage. Also everything is buggy as hell. This bank will drown in its own tech debt. Top finance is ultra-competitive. It simply cannot keep up with American and U.K. and other banks. It's only competitive advantage is that South American tech in general is a further decade behind and American banks don't have a good grounding there. Will be absorbed into a another bank after its market cap drops another 50% (within 10 years)
I agree that big banks will drown in technical debt. currently at one now technical debt is so bad.