Tagged: n26

Digital Banking Platform N26 Explains Why it May Have to Block Certain Accounts

Hands Up Arrest Halt Stop

Every banking platform has an “important” duty to combat financial crime, and N26 claims that it is “no different.” As a fully-regulated bank, this is “not just a responsibility, but a legal requirement for [them] to do so,” the N26 team noted in a blog… Read More

Bank of Italy Bans Digital Bank N26 From Accepting New Customers, Offering New Services to Existing Customers

Italy Suffering Pain Struggle Statue Art

Yesterday, the Banca D’Italia or Bank of Italy – the country’s central bank – issued a statement banning N26 from accepting new customers. The central bank said that the decision follows an on-site inspection that “revealed significant shortcomings in respect of anti-money laundering.” The Bank… Read More

Digital Banking Platform N26 Says it Will be IPO Ready by End of Year

N26 Die Mobile Bank Germany

Germany’s banking challenger N26 should be ready for an initial public offering (IPO) by the end of this year, according to co-CEO Maximilian Tayenthal, Maximilian told CNBC that by the end of 2022, N26 should be “structurally IPO-ready,” During an interview with the media outlet… Read More

Managers at Germany’s Digital Bank N26 are Reportedly Under Investigation over Fraudulent Accounts

20 Euro Investigation Research

Four managers working at Germany’s digital bank N26 are reportedly being investigated by public prosecutors regarding suspicions about (allegedly) fraudulent client accounts, the Handelsblatt newspaper confirmed on Friday (February 4, 2022). Criminals or bad actors have been suspected of opening a fairly large number of… Read More

Digital Bank N26 Shares Lessons Learned, Future Plans Including Crypto

N26 Die Mobile Bank Germany

As the company enters its tenth year in operation, digital bank N26 has grown and adjusted with, the times. The company was founded in 2013 by Valentin Stalf and Maximilian Tayenthal and launched their first products in 2015. In 2016 they secured a full European… Read More

Fintech Firm Monzo Explains How Consumers May Access their Services in the US, After N26 Announces Exit

Town Crier Announcement Manifesto Shout Explain

Mobile banking app N26 recently confirmed that they’re getting ready to close down all US accounts in January 2022. As noted in a blog post by UK-based Fintech Monzo, this decision has “left many customers looking for a replacement that offers easy mobile banking, low… Read More

Belgian Banks Take Top 2 Spots in Sia Partners Rankings, Revolut Falls to #3

Brussels Belgium Grand Place Buildings

A pair of Belgian banks have ousted Revolut from the top spot in the fourth annual Sia Partners‘ Mobile Banking Benchmark: A Study on the Present State of Mobile Banking in the World. Sia Partners considered 135 banks in 17 countries across Europe, North Africa,… Read More

Neobank N26 Terminates its Efforts in the US, Will Close Shop this January

N26 Lands in US

N26 is exiting the United States. Founded in 2013 and boasting over 7 million customers, N26 is a Germany-based neobank bank that had sought to establish operations in the USA – a market that is home to thousands of small and large traditional banks as… Read More

Digital Bank N26 Raises “Record Breaking” $900 Million Round at $9+ Billion Valuation

Valentin Stalf

Digital banking continues to be a hot sector of Fintech as Germany-based N26 has announced a $900 million “record-breaking” funding round at a whopping $9+ billion valuation. The capital infusion was led by Third Point Ventures and Coatue Management, with Dragoneer Investment Group joining as… Read More

Paris based Fintech Upflow, which Addresses Late Payments, Secures $15M from 9yards Capital, Others

Tuileries Gardens Lions Paris France

Paris-based Upflow, a startup that assists B2B firms with getting paid, has secured $15 million in capital via a Series A round which included contributions from 9yards Capital, eFounders, and angels N26 co-founder Maximilian Tayenthal and Uber exec Pierre-Dimitri Gore-Coty. Companies or businesses usually try… Read More

German Digital Bank N26 Scrutinized for Lax AML Compliance, BaFin Appoints Special Monitor

N26 Die Mobile Bank Germany

N26, a leading digital bank based in Germany, has garnered additional scrutiny by federal regulators for apparent shortcomings went it comes to anti-money laundering (AML) compliance. Earlier this week it was announced that N26 has been assigned a “special monitor” by the German financial services… Read More

N26 Launches CASH26 App Feature in Greece

dimitri houtteman greek flag unsplash

    Digital-only bank platform N26 announced on Tuesday it has launched its CASH26 app feature in Greece. According to N26, CASH26 allows users to deposit and withdraw cash from their N26 accounts at partner stores throughout Europe through their mobile devices. “The app will display… Read More

N26 Appoints Gilles BianRosa As New Chief Product Officer

N26 You

  Digital-only bank platform N26 announced on Tuesday it has appointed Gilles BianRosa as its new Chief Product Officer. N26 reported that in his upcoming role, BianRosa will lead all product teams based across the company’s main offices and technology hubs in Berlin, Barcelona, Vienna, and New York. N26 also… Read More

N26 Joins Forces With Dosh to Expand Perks Reward Program

n26 apple pay

  Digital-only bank platform N26 announced on Tuesday the expansion of its Perks rewards program through a partnership with Dosh, a card-linked offer platform, to help customers easily earn cash back when making purchases with their N26 debit card. N26 reported that through the partnership, account… Read More

Raisin Extends Partnership With N26 to Deliver “Top” Interest Rates On New EasyFlex Savings Accounts

Raisin Founders

  Cross-border savings and investments marketplace Raisin announced on Wednesday it has expanded its partnership with digital bank N26 to extend N26 product portfolio with EasyFlex Savings, a flexible overnight deposit with an interest rate of 0.21% p.a., a top offer in the German market. The European… Read More

N26 Launches Free Standard Bank Account that Offers 100% Digital Banking Experience

n26 apple pay

  Digital-only bank platform N26 announced earlier this week the launch of its new N26 Standard banking account. According to N26, the new account offers a 100% digital banking experience. N26 Standard bank accounts are available at no monthly cost, and of course, both virtual and… Read More

N26 Milestone: Now Has Seven Million Customers Across 25 Markets

N26 You

    Digital-only bank platform N26 announced on Wednesday it now has seven million customers across 25 markets. This news comes just days after N26 celebrated its sixth birthday. As previously reported, N26 claims it is building the first mobile bank that the world loves to use…. Read More

Germany’s Digital-Only Banking Platform N26 Appoints New CFO as Maximilian Tayenthal to Serve as co-CEO

n26 iphone settings siri en copy

Digital-only banking platform N26 has appointed a new Chief Financial Officer as Maximilian Tayenthal becomes the Fintech firm’s co-CEO. Dr. Jan Kemper is N26’s latest executive hire. Berlin-headquartered neobank N26 confirmed that it promoted company co-founder Maximilian Tayenthal to serve as co-CEO along with current… Read More

N26 Expands Allianz Assistance Travel Insurance Benefit Package to include Epidemic & Pandemic Coverage for Travel at No Extra Cost

airplane aaron barnaby A6HjuUdcURY unsplash

  Digital-only bank platform N26 announced on Thursday that it has expanded Allianz Assistance travel insurance benefit packages for premium N26 You, N26 Business You, N26 Metal or N26 Business Metal customers to include epidemic and pandemic coverage for your travels, at no extra cost…. Read More

Digital Bank N26 Plans New Funding Round, Break Even in 2021, then Maybe an IPO – Report

Valentin Stalf

N26, a Germany based Fintech, says it plans another funding round before a possible initial public offering (IPO) in 2023 at the earliest, according to a report. As well, the digital bank is predicting break even at some point in 2021 as it seeks to… Read More

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