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Mobile bank N26's losses widen after ramping up spending on fraud controls

Por: CNBC Tech October 11, 2022

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The logo of German online bank N26 displayed on a smartphone.Thomas Trutschel Photothek via Getty ImagesGerman mobile bank N26 reported Tuesday a sharp rise in annual revenues as usage of its platform grew, however losses also ticked higher after an increase in spending on regulatory compliance. N26's net revenue increased 67% in the year ending Dec. 31, 2021, to 120.3 million euros ($116.8 million) as the bank benefited from growth in... + full article



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