German financial regulator BaFin said Friday (July 12) that Solaris SE faces financial penalties if it doesn’t improve its controls. Solaris, which has a banking license in Germany...
European digital bank N26 reports that Germany’s Federal Financial Supervisory Authority (BaFin) has lifted its growth restrictions on the company, effective June 1. This move...
A German financial regulator has reportedly fined Commerzbank $1.5 million for anti-money laundering violations. BaFin said Monday (April 11) that the bank failed to update customer data on time and...
Germany’s financial regulator, BaFin, is reportedly set to relax its crackdown on FinTechs. The move comes after several firms improved their controls, BaFin Executive Director...
Germany’s banking regulator has reportedly closed off parts of its website following a cyberattack. BaFin took defensive measures following the attack Sept. 1, which restricted access to the...
Cryptocurrency giant Binance has suspended its plans to seek a license in Germany. A company spokesperson told PYMNTS Wednesday (July 26) that Binance has “proactively withdrawn” its...
Aftershocks from the collapse of Silicon Valley Bank continue to be felt around the world. For example, Germany’s financial regulator said Monday (March 13) that...
Germany’s Federal Financial Supervisory Authority (BaFin) has warned consumers about “Godfather” malware attacks. On Monday (Jan. 9), the regulator said that around 400 banking and...
“Innovation is key to any market’s survival.” It’s based on that premise that Germany’s Federal Financial Supervisory Authority (BaFin) has launched a FinTech Innovation Hub,...