One third of European fintechs have faced regulatory intervention because of their partner bank

Financial services

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Nov 13, 2019
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New report published by ClearBank reveals 1 in 20 fintechs have suffered a service outage caused by their partner bank Agency banks have delayed new product launches for 15% of fintechs Nearly half of fintechs (48%) don’t believe they receive Banking-as-a-Service London, UK, March 23rd 2021 – ClearBank, the cloud-based clearing bank, has today announced a report that reveals 33% of fintechs have faced regulatory intervention due to agency banking resiliency failures. The report ‘How... Source: RealWire

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