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Wireless

German financial regulator puts N26 under scrutiny

Wednesday 10 April 2019 | 10:27 CET | News
Germany-based mobile-only bank N26 has been under the scrutiny of the German Financial Supervisory Authority (Bafin), Handelsblatt reports. Bafin has detected, through a special audit last year, shortcomings in staffing and technology, and management of outsourced tasks. In addition, Bafin criticised parent company N26 for taking over many tasks from the N26 Bank. 

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Categories: Mobile & Wireless
Companies: N26
Countries: Germany
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