Because the
demand for revolutionary and customer-centric banking options grows,
N26 has taken a decisive step by appointing Mayur Kamat as its new Chief
Product Officer (CPO).
Kamat
brings in depth expertise from international tech giants comparable to Agoda, Google,
Microsoft, and, most not too long ago, Binance, the place he led product and design groups in
the rising regulated house of cryptocurrencies.
In his new
function as CPO, Kamat will oversee the financial institution’s product and person expertise groups
throughout its workplace and expertise hubs in Berlin, Barcelona, and Vienna. He’ll
ship N26’s international product technique, which encompasses
spending, saving, funding, credit score, and shared banking options.
“N26
has constructed a financial institution that customers love,” mentioned Kamat. “With nice
technological innovation, buyer centricity, and sensible person experiences,
N26 is enhancing our buyer’s relationship with cash and empowering them on
their wealth-creation journey.”
Kamat was related to Binance as SVP and Head of Product for the previous two years. Nonetheless, he left the corporate in January 2024 and remained unemployed for the final two months. Now, he’ll start his journey with the German neobank.
Kamat is
set to start his function in Q2 this yr. He will likely be based mostly out of N26’s Barcelona workplace and can report on to CEO Valentin Stalf. In response to Stalf, Mayur
will carry “a brand new dimension to N26’s crew.”
“With
Mayur, we carry on board a world product chief with worldwide expertise
and a few of the world’s most acknowledged names in expertise,” the CEO added.
For N26, this represents one other important C-level transition, following the hiring of three girls lower than a yr in the past to the positions of VP of Model Advertising, Director of Digital Advertising, and Director of Labor Relations. Carine van der Heijden, Kertu-Liina Lehismae, and Nicole Heider have been new hires.
New Merchandise in N26 Providing
In 2024,
the German neobank N26 expanded past its core banking providers to supply its
clients prompt financial savings accounts in 13 European nations, together with Austria,
Belgium, Estonia, Finland, and Greece. N26 has launched a tiered curiosity
fee construction for these accounts. N26 Metallic customers will take pleasure in a 4% annual
rate of interest, whereas N26 Sensible and You account holders and free N26 Commonplace account customers will obtain a 2.8% yearly curiosity on their deposits.
Earlier in
January, the corporate additionally broadened its choices to incorporate inventory and ETF
options. Initially launched in Austria, this buying and selling product will impose a
mounted payment of 0.90 EUR per commerce with none hidden prices. N26 asserts that
its pricing construction is exceptionally aggressive relative to different brokerage
providers. An integral a part of this new buying and selling provide is the power for
fractional share investing, enabling clients to purchase shares in parts
ranging from 1 EUR.
Following
the sale of Allianz’s 5% stake within the German neobank at a considerable low cost
in 2023, N26 is exploring new avenues for model and worth creation.
Consequently, its valuation dropped to $3 billion, down from the $9 billion
mark attained in 2021.
Because the
demand for revolutionary and customer-centric banking options grows,
N26 has taken a decisive step by appointing Mayur Kamat as its new Chief
Product Officer (CPO).
Kamat
brings in depth expertise from international tech giants comparable to Agoda, Google,
Microsoft, and, most not too long ago, Binance, the place he led product and design groups in
the rising regulated house of cryptocurrencies.
In his new
function as CPO, Kamat will oversee the financial institution’s product and person expertise groups
throughout its workplace and expertise hubs in Berlin, Barcelona, and Vienna. He’ll
ship N26’s international product technique, which encompasses
spending, saving, funding, credit score, and shared banking options.
“N26
has constructed a financial institution that customers love,” mentioned Kamat. “With nice
technological innovation, buyer centricity, and sensible person experiences,
N26 is enhancing our buyer’s relationship with cash and empowering them on
their wealth-creation journey.”
Kamat was related to Binance as SVP and Head of Product for the previous two years. Nonetheless, he left the corporate in January 2024 and remained unemployed for the final two months. Now, he’ll start his journey with the German neobank.
Kamat is
set to start his function in Q2 this yr. He will likely be based mostly out of N26’s Barcelona workplace and can report on to CEO Valentin Stalf. In response to Stalf, Mayur
will carry “a brand new dimension to N26’s crew.”
“With
Mayur, we carry on board a world product chief with worldwide expertise
and a few of the world’s most acknowledged names in expertise,” the CEO added.
For N26, this represents one other important C-level transition, following the hiring of three girls lower than a yr in the past to the positions of VP of Model Advertising, Director of Digital Advertising, and Director of Labor Relations. Carine van der Heijden, Kertu-Liina Lehismae, and Nicole Heider have been new hires.
New Merchandise in N26 Providing
In 2024,
the German neobank N26 expanded past its core banking providers to supply its
clients prompt financial savings accounts in 13 European nations, together with Austria,
Belgium, Estonia, Finland, and Greece. N26 has launched a tiered curiosity
fee construction for these accounts. N26 Metallic customers will take pleasure in a 4% annual
rate of interest, whereas N26 Sensible and You account holders and free N26 Commonplace account customers will obtain a 2.8% yearly curiosity on their deposits.
Earlier in
January, the corporate additionally broadened its choices to incorporate inventory and ETF
options. Initially launched in Austria, this buying and selling product will impose a
mounted payment of 0.90 EUR per commerce with none hidden prices. N26 asserts that
its pricing construction is exceptionally aggressive relative to different brokerage
providers. An integral a part of this new buying and selling provide is the power for
fractional share investing, enabling clients to purchase shares in parts
ranging from 1 EUR.
Following
the sale of Allianz’s 5% stake within the German neobank at a considerable low cost
in 2023, N26 is exploring new avenues for model and worth creation.
Consequently, its valuation dropped to $3 billion, down from the $9 billion
mark attained in 2021.
