Travel Insurance Policy and Regulatory Issues Led to N26’s UK Exit

According to new reporting by Sifted and Finance Forward N26’s exit from the UK was not due to Brexit but instead their travel insurance policy and regulatory issues; the report indicates that customers were forced to provide additional information to the bank and if they failed to do so they would have their premium subscription terminated; N26 refunded customers who did not meet the criteria and did not respond before the deadline the company still says this did not lead to their exit from the UK as they affirmed in a statement to AltFi; the new reporting shows that the reasons behind the exit were clearly more complicated than Brexit as most in the market has suspected since the announcement was made. Altfi

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