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The highly publicised collapse of Wirecard has taken another turn with German prosecutors having arrested the head of the company's Dubai-based subsidiary.
The collapse of Wirecard has sent shock waves through the FinTech industry, cut customers off from their money and raised some serious questions about the role of regulators.
FinTech Wirecard has filed for insolvency after a week of turmoil that saw it unable to account for a $2.1bn hole in its balance sheet and its former CEO being arrested on fraud allegations.
Having resigned on Friday as Wirecard's CEO, Markus Braun has now been arrested on charges of inflating the company's balance sheet.
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."
TIS (Treasury Intelligence Solutions), a cloud-based platform for managing payments and cashflows, has secured $20m in its funding round.
Fraud and risk solution developer FRISS has formed yet another partnership and will now provide its fraud detection services to German insurer DEVK.
Despite being more than three years in the making, the UK’s divorce from the EU is still a cause of great uncertainty for financial services firms.
Some countries are simply better at creating and using digital defences than others. Now a new study has revealed an official ranking.
The UK has officially left the EU. Now, a huge European FinTech company has pulled the plug on its British operations.