European Fintech Prepare for a No Deal on Brexit

European fintech firms of all stripes are preparing for the worst case scenario when it comes to Brexit; “Unfortunately no one knows how hard Brexit will be when it comes to banks licenses,” N26 Co-founder and CFO Maximilian Tayenthal tells CNBC. “One of the options is we need bank license quite soon, so we have a team working on that.”; fintechs and banks alike are in the process of acquiring banking and e-money licenses across the EU so when a no deal does happen they are properly prepared; Brexit has yet to have an adverse effect on fundraising with UK companies racking up more than $16bn in capital during 2018. Source.

Todd is the Chief Product Officer of LendIt Fintech.

He is the host of PitchIt: the fintech startups podcast, a weekly interview show featuring emerging fintech founders and leading venture capitalists.

He is responsible for leading the content team which covers fintech through daily & weekly email newsletters, editorial, virtual events, and in-person conferences.

He has been covering fintech, banking, and venture capital for more than 15 years, including speaking regularly at industry events.

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