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

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N26 applies for Financial Holding licence in Germany as next step towards IPO-readiness


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N26 applies for Financial Holding licence in Germany as next step towards IPO-readiness
7 hours ago
Source: N26
N26 Group today announced that it is applying for a Financial Holding Company license as it takes proactive steps towards a public listing in the future.
Having obtained a banking license in 2016 for N26 Bank GmbH, the new Financial Holding license will see N26 become the first financial technology company in Germany to commit to being regulated as a group. ....

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Global Real-Time Payments Market Report 2021: Amid COVID-19, Real-Time Payments Attract Governments, Businesses, and Consumers Globally


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The COVID-19 crisis further strengthened the trend of real-time payments in Europe and the US.
As detailed in this publication, real-time payments received special attention from the governments, businesses, and consumers, especially during the health crisis. Among the main reasons to utilize this type of payment processing, US corporate decision-makers point out increased accuracy of cash flow management. With that, the share of instant payments of total transactions in the country is forecasted to constitute about one-fifth through 2024.
In Europe, the ECB has set an objective to include all payment providers in the system of real-time payments across the euro area by the end of 2021. As of 2020, most of the European markets, including the UK and the Netherlands, experienced significant growth in volumes and values of real-time fund transfers. Additionally, the countries of Northern Eur ....

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