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Austria.

Dynamic Business Location.

Fintech N26 back in Vienna with a new innovation centre

08.05.2019

Six years ago, the Austrians Valentin Stalf and Maximilian Tayenthal relocated the founding of their financial startup N26 to Berlin.

Now N26 is planning to set up a technology and innovation centre in Vienna to develop new products and security features. On the basis of this new Viennese technology centre, the online bank is expanding its current product and technology team of 350 employees in Berlin, Barcelona and New York. The opening is scheduled to take place in the fall of 2019. Over the long term, N26 intends to hire more than 300 software engineers, product managers and IT specialists in Vienna. The online bank has an enterprise value of EUR 2.3 billion at present.

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A country like Austria considered to be an especially good terrain for upscale industrial segments, and with a particular emphasis on research and environmental friendliness, represents a major opportunity for SIAD. Our corporate goal is namely to assist the customer and provide support in improving the productivity and the environmental compatibility of its work processes.

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Intelligent production, cyber-physical production systems and more are only just a few of the many facets of the industrial future. The notorious reality of assembly line work in production is a relic of the past. Industry 4.0 and the Industrial Internet of Things (IIoT) are characterised by a high level of automation and a continuous exchange of data. Large mechanical engineering companies and automobile manufacturers are already relying on highly interconnected production lines with industrial robots and smart control systems along the entire value chain. Austrian companies and research institutions are intensively working on developing such concepts and ultimately making them suitable for broad-based use on the part of small and medium-sized firms.

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