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Solaris enables startups to use its banking license and offers banking services to established companies. Bafin found significant deficiencies in Solaris’ operations, including money laundering prevention,...
N26 can now grow without limits as BaFin lifts the cap on new customers, effective June. N26 founder Valentin Stalf celebrates this as a milestone after...
N26 will soon lift its growth limit, imposed by Bafin due to rapid expansion and inadequate risk management. Since correcting most deficiencies, the Berlin-based fintech can...
Personnel costs at Solaris SE alone rose by about €11 million. The number of employees in the entire group, including the British competitor Contis acquired in...
The strategic considerations at Pliant are not a direct reaction to the problems other fintech companies are having with Bafin. However, the seemingly unusual idea of...