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Tag: ACPR

France’s central bank warns fintech industry of rules when using term “neobank”

April 12, 2021

Via: Banking Technology

The Prudential Control and Resolution Authority (ACPR), which operates under the Banque de France, issued a statement on 6 April. It stated that “the term ‘neobank’ must necessarily qualify a credit institution”. The regulator is wary firms are “mislead[ing] users […]