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Synapse
2.7
based on 24 Reviews
Company Overview
Company Locations
Working at Synapse
Company Summary
Overall Rating
2.7/5
based on 24 reviews
15% below
industry average
Critically rated for
Promotions/Appraisal, Work Satisfaction, Salary & Benefits
Work Policy
Monday to Friday
52% employees reported
Strict timing
59% employees reported
No travel
73% employees reported
Day shift
100% employees reported
View detailed work policy
Top Employees Benefits
Job/Soft skill training
5 employees reported
Cafeteria
1 employee reported
View detailed benefits
About Synapse
Founded in--
India Employee Count--
Global Employee Count--
Headquarters--
Office Locations
--
Website--
Primary Industry
Other Industries
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Synapse Ratings
based on 24 reviews
Overall Rating
2.7/5
How AmbitionBox ratings work?
5
0
4
12
3
1
2
2
1
9
Category Ratings
2.9
Skill Development
2.8
Company Culture
2.6
Job Security
2.5
Work-Life Balance
2.3
Salary & Benefits
2.2
Work Satisfaction
2.1
Promotions/Appraisal
Synapse is rated 2.7 out of 5 stars on AmbitionBox, based on 24 company reviews.This rating reflects a below average employee experience, indicating poor satisfaction with the company’s work culture, benefits, and career growth opportunities. AmbitionBox gathers authentic employee reviews and ratings, making it a trusted platform for job seekers and employees in India.
Read more
Synapse Reviews
Top mentions in Synapse Reviews
Compare Synapse with Similar Companies
Change Company | Change Company | Change Company | ||
|---|---|---|---|---|
Overall Rating | 2.7/5 based on 24 reviews | 3.7/5 based on 84.2k reviews | 3.7/5 based on 50.2k reviews | 3.9/5 based on 52.6k reviews |
Highly Rated for | No highly rated category | Job Security Work-Life balance | Job Security | Job Security Company culture Skill development |
Critically Rated for | Promotion/Appraisals Work Satisfaction Salary & Benefits | Promotion/Appraisals Salary & Benefits Work Satisfaction | Promotion/Appraisals Salary & Benefits | Promotion/Appraisals |
Primary Work Policy | - | Work from office 80% employees reported | Hybrid 61% employees reported | Hybrid 72% employees reported |
Rating by Women Employees | 2.5 Poor rated by 14 women | 3.8 Good rated by 24.3k women | 3.8 Good rated by 14.3k women | 3.9 Good rated by 19.6k women |
Rating by Men Employees | 2.8 Poor rated by 6 men | 3.7 Good rated by 54.7k men | 3.7 Good rated by 33.4k men | 3.9 Good rated by 30.4k men |
Job Security | 2.6 Poor | 4.6 Excellent | 3.8 Good | 3.8 Good |
View more
Synapse Salaries
2.3
rated by 24 employees for salariesSoftware Developer
(16 salaries)
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₹3 L/yr - ₹9 L/yr
Senior Software Engineer
(6 salaries)
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₹4.3 L/yr - ₹8.4 L/yr
Project Manager
(5 salaries)
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₹8.4 L/yr - ₹12 L/yr
Public Relation Executive
(5 salaries)
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₹1.2 L/yr - ₹2.4 L/yr
UI/UX Designer
(5 salaries)
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₹3 L/yr - ₹13.2 L/yr
Digital Marketing Executive
(4 salaries)
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₹2.6 L/yr - ₹3.6 L/yr
Software Tester
(4 salaries)
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₹1.3 L/yr - ₹5 L/yr
Project Coordinator
(4 salaries)
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₹3.1 L/yr - ₹4.1 L/yr
Senior Software Developer
(4 salaries)
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₹6 L/yr - ₹10 L/yr
Quality Analyst
(4 salaries)
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₹3.1 L/yr - ₹6.1 L/yr
Synapse News
Report: FDIC Begins Monitoring FinTechs That Partner With Banks
- The Federal Deposit Insurance Corporation (FDIC) has started monitoring FinTechs that partner with banks to identify potential problems.
- The monitoring system allows FDIC examiners to track FinTechs and their partnerships, even when they switch banking partners.
- The FDIC implemented this system after the bankruptcy of BaaS startup Synapse.
- The monitoring system is in place to complement the existing oversight of banks and ensure the financial safety of FinTechs and their partners.
Pymnts | 5 Dec, 2024
Suit Against Synapse Partner Banks Spotlights Risks of Commingled Funds
- A class action suit has been filed against Synapse's partner banks, highlighting the risks of commingled funds in the FinTech industry.
- The suit alleges 'gross mismanagement' of deposits tied to the FinTech platforms, resulting in the loss of customer funds.
- The partner banks are accused of failing to adequately maintain and safeguard customers' funds.
- The lawsuit sheds light on the complexities of the relationships between FinTechs, partner banks, and for-benefit-of (FBO) accounts.
Pymnts | 3 Dec, 2024
Evolve: ‘Vast Majority’ of Synapse End User Funds Are at Other Banks
- Evolve Bank & Trust reported that the majority of end user funds related to the Synapse Financial Technologies bankruptcy were moved to other banks about a year ago.
- Evolve continues to look for the funds but can only provide a partial answer to end users due to limited available data.
- The bank believes that other banks' transaction data will help determine the location of the funds.
- Synapse, a banking-as-a-service provider, collapsed in April and its fallout has impacted multiple banks, including Evolve.
Pymnts | 28 Nov, 2024
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