Mobile bank N26 to launch Tech Hub in Vienna, investing in product development and new security features
European mobile bank N26 announced its plans to open a new technology and innovation center in Vienna during a press conference with the Federal Minister for Digital and Economic Affairs Margarete Schramböck, N26 CEO Valentin Stalf and General Manager for Austria Georg Hauer. The company’s long-term goal is to hire more than 300 software engineers, product managers and IT specialists in Vienna and up to 100 in the medium term. The new office is expected to open in Fall 2019, and recruiting will start immediately.
Vienna will be the latest addition to N26’s technology ecosystem, which currently comprises 350 product and tech employees across Berlin, Barcelona and New York. The team in Vienna will focus on developing AI-based security systems. The team will develop N26’s real-time risk scoring capabilities and the verification of card payments based on smartphone geodata. In addition, the Vienna team will drive the development of new product offerings for more than 2.5 million N26 customers worldwide. This includes the expansion of personalized customer service, peer-to-peer payments and shared accounts so bills and expenses can be split more easily among friends.
Within the last 12 months, N26 has tripled its workforce. By the end of 2019, the team is expected to grow further from 1,000 to 1,500 employees.