Fintech Deficits Draw Regulatory Scrutiny In Germany
Financial authorities are monitoring neobanks and fintech startups due to deficits in money laundering prevention and risk management. Providers C24 and N26 are specifically noted as being under observation.
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Sources · 7 independent
Deutschlandfunk
“Aber es gäbe auch Anbieter, die vor allem wegen Defiziten in der Geldwäscheprävention und im Risikomanagement in der Kritik und unter Beobachtung der Finanzaufsicht stehen. Nämlich zu nennen C24 und N26.”
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