862: News: Starling banks on Engine for growth while N26 focuses on achieving profitability
Fintech Insider Podcast by 11:FS
Navigating Regulatory Challenges and Focusing on Profitability in Digital Banking
The chapter delves into the regulatory challenges faced by N26, a German Digital Bank, leading to a shift in focus towards profitability over growth. It emphasizes the importance of compliance with anti-money laundering regulations, the impact on valuation and market opportunities, and contrasts strategies with successful FinTech banks. Additionally, it discusses the integration of Ozone API into Starling Bank's Engine, highlighting the significance of open banking compliance and the evolution of technology solutions in the financial industry.
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