Santander Bank will open a technological development center in Malaga

Santander president Ana Patricia Botín in a file photo. / ON

The Spanish financial giant has already announced the first jobs linked to this hub, which will support its investment banking division

Banco Santander will join the list of multinationals that have chosen Malaga as their center of operations. The banking giant is set to open a technology center that will support its investment banking division.

Sources close to the project told SUR that the new technology center is part of BeTech! initiative, launched in 2020 by the bank’s technology and operations department to meet the “need for the best technological talent”.

The opening of the Malaga digital hub is part of the group’s commitment to technology and its desire to transcend the concept of traditional banking to become a large open platform for financial services. This desire to be at the forefront of technology has led the bank to acquire startups that apply innovation to finance: in 2019, for example, Santander paid 400 million euros to take control of Ebury, an international payments and currency platform with its main development center in Malaga.

The development center that Santander plans to open in Malaga will provide service and technological support to the activity of Santander Corporate & Investment Banking (Santander CIB), the investment banking division of the group. The bank has opened similar technology centers in Bilbao, Valencia and Valladolid which serve other business sectors: Openbank in the case of Bilbao and Valencia and Santander Consumer Finance in Valladolid.

The first job offers for the Malaga center have already been published by Banco Santander on the BeTech! gate. There are eight positions, six of which are related to cybersecurity and two to DevOps.

It is unclear at this time how many jobs will be offered; the bank’s development centers in Valencia, Bilbao and Valladolid have between 100 and 200 employees.

No date has yet been set for the opening of the center and several locations are under consideration.

Ruby A. Robillard