Tuesday, October 22, 2024
17 C
New York

N26’s chief regulatory officer Jan Stechele to step down to “pursue new opportunities”

  • Jan Stechele’s Departure: Jan Stechele, Chief Regulatory Officer (CRO) at N26, will step down at the end of September to pursue new opportunities.
  • Tenure at N26: Stechele joined N26 as Director of Banking Excellence in 2022 and served as interim Chief Risk Officer in April 2023.
  • Successor: Carina Kozole, appointed as Chief Risk Officer in July 2023, will take over Stechele’s responsibilities.
  • Previous Experience: Stechele previously worked as Chief Product Officer at Creditshelf and spent over 13 years at Bayerische Landesbank.
  • Compliance and Regulatory Challenges: During Stechele’s tenure, N26 faced a €9.2 million fine from BaFin for late money laundering reports in 2022. N26 has since invested €80 million to improve compliance and AML processes.

Hot this week

Banking as a Service: Meaning, Examples, Benefits and Future

The push for open banking has led to a...

What is Fintech?

Fintech: A term used to refer to innovations in...

Best fintech blogs and websites

Fintech (financial technology) has been an interesting part of...

How to buy shares online

Buying shares online in India has come a long...

Is it worth investing in life insurance over 60?

Is it worth investing in life insurance over 60? As...
Exit mobile version