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HomeFintechN26 Faucets Binance Tech Veteran as New Chief Product Officer

N26 Faucets Binance Tech Veteran as New Chief Product Officer


Because the
demand for revolutionary and customer-centric banking options develop,
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, reminiscent of Agoda, Google,
Microsoft, and, most lately, Binance, the place he led product and design groups in
the rising regulated area 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,” stated 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 because the 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 12 months. He will likely be based mostly out of N26’s Barcelona workplace and report on to the CEO, Valentin Stalf. In keeping with Stalf, Mayur
will convey “a brand new dimension to N26’s crew.”

“With
Mayur, we convey on board a worldwide product chief with worldwide expertise
and among the world’s most acknowledged names in expertise,” Stalf added.

For N26, this represents one other important C-level transition, following the hiring of three girls (Carine van der Heijden, Kertu-Liina Lehismae, and Nicole Heider) lower than a 12 months in the past to the positions of VP of Model Advertising, Director of Digital Advertising, and Director of Labor Relations.

New Merchandise in N26 Providing

In 2024,
the German neobank N26 expanded past its core banking companies to supply its
prospects prompt financial savings accounts in 13 European international locations, together with Austria,
Belgium, Estonia, Finland, and Greece. N26 has launched a tiered curiosity
fee construction for these accounts. N26 Metallic customers will get pleasure from an annual
rate of interest of 4%, whereas N26 Good and You account holders and free N26 Normal account customers will obtain a yearly curiosity of two.8% on their deposits.

Earlier in
January, the corporate broadened its choices to incorporate inventory and ETF
options
. Initially launched in Austria, this buying and selling product will impose a
fastened payment of 0.90 EUR per commerce with none hidden expenses. N26 asserted that
its pricing construction is exceptionally aggressive relative to different brokerage
companies. An integral a part of this new buying and selling provide is the flexibility for
fractional share investing, enabling prospects 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, from the $9 billion
mark attained in 2021.

Because the
demand for revolutionary and customer-centric banking options develop,
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, reminiscent of Agoda, Google,
Microsoft, and, most lately, Binance, the place he led product and design groups in
the rising regulated area 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,” stated 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 because the 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 12 months. He will likely be based mostly out of N26’s Barcelona workplace and report on to the CEO, Valentin Stalf. In keeping with Stalf, Mayur
will convey “a brand new dimension to N26’s crew.”

“With
Mayur, we convey on board a worldwide product chief with worldwide expertise
and among the world’s most acknowledged names in expertise,” Stalf added.

For N26, this represents one other important C-level transition, following the hiring of three girls (Carine van der Heijden, Kertu-Liina Lehismae, and Nicole Heider) lower than a 12 months in the past to the positions of VP of Model Advertising, Director of Digital Advertising, and Director of Labor Relations.

New Merchandise in N26 Providing

In 2024,
the German neobank N26 expanded past its core banking companies to supply its
prospects prompt financial savings accounts in 13 European international locations, together with Austria,
Belgium, Estonia, Finland, and Greece. N26 has launched a tiered curiosity
fee construction for these accounts. N26 Metallic customers will get pleasure from an annual
rate of interest of 4%, whereas N26 Good and You account holders and free N26 Normal account customers will obtain a yearly curiosity of two.8% on their deposits.

Earlier in
January, the corporate broadened its choices to incorporate inventory and ETF
options
. Initially launched in Austria, this buying and selling product will impose a
fastened payment of 0.90 EUR per commerce with none hidden expenses. N26 asserted that
its pricing construction is exceptionally aggressive relative to different brokerage
companies. An integral a part of this new buying and selling provide is the flexibility for
fractional share investing, enabling prospects 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, from the $9 billion
mark attained in 2021.

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