Wirecard’s CEO leaves company after search for missing €1.9bn hits a dead end
The Wirecard scandal sweeping across the European FinTech space intensified over the weekend with CEO Markus Braun leaving the company as the board says the missing €1.9bn ($2.1bn) "do not exist."
FinTech giant Wirecard in deep trouble after $2.1bn goes missing
German Wirecard saw its shares plunge by as much as 60% after the payment company revealed that €1.9bn ($2.1bn) was missing just as it was about to file its financial statements for 2019.
How the coronavirus led to a the UK upping the contactless payment limit to...
Britain is increasing the spending cap for contactless payments from £30 to £45 from April 1 to help people cope with the coronavirus outbreak. However, the move may increase the risk of fraud.
18 FinTech and RegTech startups investment rounds you missed last week
From: FinTech Global
Despite coronavirus fears, the last week saw a number of FinTech companies raise money.
From TierPoint's massive $320m round to Pruvo's $1.1m,...
PNC Bank and Venmo fight highlights the debate about introducing open banking rules in...
Pressure is mounting for PNC Bank after it locked out clients from using bill-splitting app Venmo, but the affair also highlights a the question of whether open banking should be introduced in the US.
Telleroo selects compliance manger Moorwand to help with e-money and digital banking services
Payments company Telleroo has enlisted RegTech enterprise Moorwand to help streamline and simplify its services.
Adyen’s CEO was surprised at how effective AI was to prevent fraud
Global payments unicorn Adyen is looking into how artificial intelligence can boost its payments offering, highlighting how the tech can boost the industry as a whole.
Here’s what to expect as Singapore and Australia begin negotiating their new cross-border FinTech...
The Australia-Singapore Digital Economy Agreement was announced in June as a bid to boost the two countries’ digital economies. Now they’ve begun the talks for real.
How WhatsApp might get around Indonesia’s tough licensing regulations
Facebook’s messaging service might be about to strengthen its position in the Asian payments market as WhatsApp is rumoured to be talking with Indonesian digital payment firms.
IrisGuard closes deal from Goldman Sachs
UK-based payment solution IrisGuard has closed an undisclosed investment from Goldman Sachs’ Merchant Banking Division.
