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Neo-Bank N26 Again in the Sights of Financial Supervision
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For two and a half years, the Berlin-based Neo-Bank N26 was limited by the growth restriction imposed by the Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin) in order not to say: tied and gagged. At most 50,000 new customers were allowed to bring Neo-Bank on board every month – after a minimal relaxation since the end of 2023, 60'000. This dictated and this long-lasting thirsty stretch was extremely difficult for N26. Growing and scaling …
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