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INSIGHT: N26 still struggling with aspects of compliance process, admits co-founder as 50,000pm cap on new customers is ‘massive restriction’

Photo Credit: Max Tayenthal @Linkedin

By Elizabeth Hearst for AMLi

The co-founder of German fintech N26 has admitted the company is still struggling with aspects of its compliance duties.

However Co-CEO Max Tayenthal believes the company is close to fixing the AML processes which led to the country’s regulator to impose a cap of 50,000 new customers per month.

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