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Wednesday, June 19, 2024
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Tag: N26

Italy’s financial regulator imposes a ban against N26

After the growth restrictions imposed by the German financial regulator Bafin, the Berlin-based digital bank N26 is now also struggling with problems in Italy.

N26 set to launch cryptocurrency options in 2022

The company's co-founder admits that rushing for a global expansion has caused N26 to drop behind in crypto and equities trading.

N26 is getting prepared for a wave of consolidation

Jan Kemper, CFO of N26, expects a wave of consolidation within the next three years.

Revolut is outpacing rivals in terms of app downloads in 2021

British digital bank Revolut has recorded a 37% increase in downloads of its Android app, new data shows.

N26 is withdrawing from the USA to focus on Europe

Berlin-based digital bank N26 is giving up the US business so it is able to focus on the European market.

N26 client acquisition gets limited by BaFin

The German financial services supervisor, BaFin, requires the German Fintech star to limit the acquisition of new clients to 50,000 per month.

N26 has raised $900 million and is worth $9 billion

This way N26 became the second highest-valued bank in Germany, slightly ahead of Commerzbank.

N26 fined 4.25 million euros for money laundering

The German challenger N26 was ordered to pay a fine of 4.25 million euros by the German financial regulator BaFin.

N26 lost Georg Hauer to Hawk AI

N26 will need a new head of Germany as Georg Hauer, General Manager DACH & Northern Europe, is leaving the online bank at the end of October.

N26 is likely set to launch in Turkey

According to the Turkish-language service of “Bloomberg”, N26 is considering a launch in the Turkish market.
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