Selby Jennings Deutschland

N26 Exits America After Tumultuous Period for the Fintech Sector

 

Berlin, Germany -- (SBWIRE) -- 12/27/2021 -- The past year has been a difficult time for those in the financial services industry. Even burgeoning areas such as fintech have faced challenges. Germany's N26 digital bank is one of those that has had to remain flexible in the face of change as the year has continued. Almost two and a half years ago N26 launched its operations in America but as of November this year the digital bank announced that it was scaling back and shutting down its base in the US. There are currently 500,000 N26 customers in America and, as of January 2022, those customers will no longer be able to access the digital bank's app. At its most recent funding round, N26 - which is based in Berlin - was valued at $9 billion. Nevertheless, the bank's exit from the US follows on from it leaving the UK market earlier this year, something that N26 blamed on Brexit.

Selby Jennings is one of Europe's leading financial services recruitment agencies with a presence across the country in Germany, including major locations such as Frankfurt, Berlin, Munich, Hamburg and Cologne. Established in 2004, the firm has grown alongside the banking and financial services sector in Europe and is focused on helping individuals and organisations overcome the key challenge of talent. With a database of more than a million mid-to-senior professionals and connections at enterprises of all types, Selby Jennings has a wealth of resources to offer to ensure that the right connections are made. With a reputation as one of the most comprehensive financial services recruitment agencies, the firm provides support for hiring across a broad spectrum of fields, including corporate and investment banking, private wealth management, quantitative research and trading and financial technology. A range of permanent, contract and multi-hire solutions ensures that recruitment options can be created for every situation.

Clients and candidates enjoy a range of benefits from working with one of Europe's leading specialist financial services recruitment agencies. Key among these are the international connections that the firm has. In addition to the nationwide reach that is well established in Germany, the team here is also part of a 1,000+ strong worldwide workforce. Plus, it is the recruitment partner of choice to hundreds of world-leading companies as part of the Phaidon International group, which operates across 6 countries. This access to global networks is a huge advantage for enterprises looking to recruit for resilience and growth and for individuals keen to take a career-defining next step. The firm values its own people highly - consultants at the firm receive regular ongoing training and work with best-in-class recruitment technology and strategies. As one of Germany's most prominent financial services recruitment agencies there are many roles available via Selby Jennings today, including KYC Specialist, Data Protection Correspondent, PE Generalist and Senior UX Researcher [SaaS].

"Like for many sectors, 2020 marked a defining moment for recruitment. Challenged by uncertainty, but unwavering in our commitment to our clients, we have endured through 2021 with a sense of duty to clients and candidates", commented Matt Nicholson, Managing Director at Selby Jennings Europe. He went onto say, "as we reflect on the challenges of virtually securing and retaining talent, we're inspired by a team who have demonstrated a remarkable ability to adapt and continue to help all our clients secure top talent on a global scale."

To find out more information about financial services recruitment agencies in Germany visit

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About Selby Jennings
Selby Jennings knows that building the right team isn't easy. However, with the support of the right hiring partner, access to key networks and contacts,it's possible to reimagine the process of recruitment to make it more positive, satisfying and productive.