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“In EDB, we have a platform that offers exceptional digital functionality with multi-currency accounts, 24/7 access, and immediate withdrawal facilities. In particular, their multi-currency cash sweep module enables us to effortlessly optimize our cash management, automating time deposits across leading counterparties. We have been impressed by the speed and ease of account opening through EDB’s onboarding portal, with the support and advice of their expert team.”

German financial watchdog BaFin has extended money laundering controls at challenger bank N26, which is one of Europe’s most highly valued fintechs, due to the ongoing “deficiencies” in its systems.