Overview
- Speaking at the Handelsblatt Banking Summit in Frankfurt, Tayenthal said N26 does not foresee a cap on onboarding new clients.
- Recent reports by Manager Magazin and Handelsblatt described an interim BaFin review as “devastating” and raised questions about N26’s lending limits.
- Following the critical coverage and ongoing scrutiny, co‑founder Valentin Stalf is stepping back from operations and will move to the supervisory board.
- Marcus Mosen took over as co‑CEO on September 1, and former Bundesbank board member Andreas Dombret is set to become supervisory board chair in October.
- N26 previously faced a €9.2 million BaFin fine, a months‑long 50,000‑per‑month cap on new registrations, and external oversight, and Tayenthal acknowledges past underinvestment in compliance despite recent improvements.