N26 moves into insurance market Berlin-based mobile bank N26 is moving into the insurance space, offering customers the option to purchase coverage, manage plans and initiate claims in-app for a range of insurance plans from different providers.
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Malfunctioning stablecoins could hit financial stability – ECB paper
Malfunctioning stablecoins could hit financial stability – ECB paper If a stablecoin, such as Libra, reaches a global scale, any malfunctioning could pose a risk to financial stability, warns a European Central Bank paper. Global Financial Stability Report Chapter 2: The Crypto Ecosystem and Financial Stability Challenges What challenges does Continue Reading
Barclays to close more branches
Barclays to close more branches Barclays bank has revealed 15 new branch closures, on top of the 13 it confirmed in March, 27 in May, and 29 in June – all of which are set to shut this year. Behind the scenes at the Global Head Office in Canary Wharf Continue Reading
N26 raises $100m
N26 raises $100m Berlin-based mobile bank N26 has raised more than $100 million from existing investors, extending its Series D funding round to $570 million and keeping its valuation at $3.5 billion. The Challengers 16: SoFi gets a charter, N26 rethinks product-led growth, Starling goes platform In this episode of Continue Reading
N26 puts a positive spin on BaFin customer cap
N26 puts a positive spin on BaFin customer cap In a blog post to customers, N26 has sought to gloss over a move by Germany's financial regulator, BaFin, to impose a temporary cap on the number of new customers the digital challenger is allowed to onboard each month. HSN | Continue Reading
N26 and Monese growth announcements bolster fintech strength in 2020
N26 and Monese growth announcements bolster fintech strength in 2020 Ballooning customer bases and strong valuations are set to solidify confidence in fintech during 2020. Wells Fargo’s Mike Mayo on Banking Jobs, Earnings, Fintech Oct.07 — Mike Mayo, head of U.S. large-cap bank research at Wells Fargo Securities, discusses how Continue Reading
Libra Association names Credit Suisse exec Daines chief compliance officer
Libra Association names Credit Suisse exec Daines chief compliance officer As it looks to get regulators onside, the Libra Association has brought in Credit Suisse's head of financial crime compliance, Sterling Daines, as chief compliance officer. Credit Suisse ends torrid year with $2.2 billion loss Credit Suisse capped a scandal-ridden Continue Reading
N26 takes the offensive against phishing scams
N26 takes the offensive against phishing scams Digital transformation of the financial industry has led to a major rise in global phishing scams and cyber-attacks. In order to protect consumers from falling victim to fraud, banks must enhance security protocols. Shadow side of N26 bank deutscher Untertitel vorhanden / Ton: Continue Reading
Blaming Brexit, N26 quits the UK
Blaming Brexit, N26 quits the UK German mobile bank N26 is quitting the UK, saying that Brexit means it can no longer operate in the country with its European banking licence. Can the UK secure a post-Brexit trade deal with the EU? – BBC Newsnight Following Brexit, the UK is Continue Reading
N26 racks up a quarter of a million US customers in first six months
N26 racks up a quarter of a million US customers in first six months Berlin-based banking startup N26 claims to have recruited 250,000 new customers in the US, just six months after opening its doors Stateside. N26: creating a seamless banking experience Focused on meeting the everyday needs of modern-day Continue Reading