In brief: N26 sanctioned for AML controls failure
German financial watchdog BaFin has publicly blamed online bank N26 for weak anti-money laundering controls and fined it €4.25 million.
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Jumio Partners with ComplyAdvantage
FACTS Jumio, Silicon Valley start-up focusing on identity verification, introduces an AML solution in partnership with the UK RegTech Compl...
Payments News in Brief – December 2019
Players’ Strategy UNITED KINGDOM – Monese lets their UK customers open joint accounts and starts featuring joint accounts in euros for EEA ...
News in Brief – December 2018
Players’ Strategy RUSSIA – Ingenico partners with several Russian banks on streamlining payments for international e-merchants with operati...
News in Brief – October 2018
Players’ Strategy EUROPE – Revolut applies for a banking licence in Luxembourg. This start-up has been granted EMI status in the UK and rel...
News in Brief – June 2018
Players’ Strategy INDIA – The Indian manufacturer of retail POS solution Pine Labs announces a $125 million founding round from PayPal and ...
Anti-money laundering is also about collaborative technology
The Autorité de contrôle prudentiel et de résolution (ACPR) has presented its new ambitions in the fight against fraud and mo...
The Era of Crypto-Banks Opens in Switzerland
FACTS The Swiss Financial Market Supervisory Authority (FINMA) granted banking licences to two start-ups specialising in digital assets: Se...
Revolut Introduces Group Vaults
FACTS Changes are being applied to Revolut’s Vaults through the addition of a group feature.
REX: N26 Still Successful
FACTS At Disrupt Berlin, the German neo-bank N26 announced significant progress. The FinTech reports 2 million users in Europe compared t...
Revolut Bets on Machine Learning Technology to Reduce Fraud Rates
The British neo-bank Revolut introduces a new range of tools intended to address card fraud and money laundering issues. These services build on ...
Security: New Tech Hub by N26
FACTS The neo-banking player N26 just presented a Tech Hub, scheduled to open this fall in Vienna (Austria).
