Germany's BaFin lifts N26 Bank's customer growth cap after investment in compliance.

Germany's financial watchdog, BaFin, lifts a 3-year-old cap on N26 Bank AG's customer growth, removing the 60,000 new customers per month limit. The move comes after N26 invested €100m in compliance, infrastructure, and staffing to improve its systems dedicated to combating money laundering. N26 will continue its "close exchange" with regulators, and its cooperation with BaFin.