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Fintech Insider Podcast by 11:FS
862: News: Starling banks on Engine for growth while N26 focuses on achieving profitability
Jun 3, 2024
Explore N26's valuation challenges, Starling's growth strategy, and kids' pocket money trends. Delve into the regulatory challenges faced by N26, ABN Amro's acquisition, and Revolut's partnerships in Africa. Unpack the collapse of SINAPS, Swiper's raise, and insights on children's spending habits.
01:04:05
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Quick takeaways
- Regulatory actions impact N26's valuation with billions lost, shifting focus toward profitability over growth for stability and compliance.
- Ozone API's partnership with Engine by Starling enhances core banking capabilities for global compliance and client expansion, driving revenue growth and market impact.
Deep dives
N26's Regulatory Challenges Impact on Valuation and Business Strategy
N26 faces billions in lost valuation due to regulatory actions for poor anti-money laundering controls, resulting in fines and client sign-up restrictions. The shift towards profitability over growth aims to address this impact and enhance future stability and compliance.
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