Germany’s financial regulator wants to pay closer attention to the banking sector’s artificial intelligence (AI) use. This move by the Federal Financial Supervisory Authority (BaFin),...
German digital bank N26 has chosen a chief executive amid new regulatory sanctions. Mike Dargan, currently group executive board member for UBS, will become N26’s...
Germany’s financial regulator is reportedly warning banks of risks from unclear ties between artificial intelligence companies. “We’re currently observing the development of both vertical and...
A German regulator has fined JPMorgan Chase $51 million for money laundering prevention deficiencies. Germany’s Federal Financial Supervisory Authority, otherwise known as BaFin, announced the apparently record fine Thursday (Nov....
Four years after the collapse of online payments company Wirecard, German prosecutors have reportedly charged two more of the firm’s former executives. Wirecard’s former finance...
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...