"The measure was imposed by BaFin in early October after the regulator became increasingly dissatisfied with organisational flaws at the fast-growing bank. As

"The measure was imposed by BaFin in early October after the regulator became increasingly dissatisfied with organisational flaws at the fast-growing bank. As a result, N26 will only be able to accept 50,000 and 70,000 new customers a month until it has fixed a number of specific issues flagged by BaFin, down from the average of 170,000 clients it had been taking in this year. BaFin declined to comment"