Tag: Wirecard

The Financial Conduct Authority (FCA) has tapped a team at accountancy firm BDO to help it monitor beleaguered FinTech Wirecard following the huge scandal.

Irish police raided failed payments technology giant Wirecard's Dublin offices at the end of last week.

The highly publicised collapse of Wirecard has taken another turn with German prosecutors having arrested the head of the company's Dubai-based subsidiary.

As the Wirecard scandal continues to cause shock waves across the FinTech industry, Germany's lawmakers are calling for a total revamp of the regulatory oversight system.

Following the collapse of Wirecard last week, the German FinTech is now facing intense scrutiny from the authorities.

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.

Neobank Pockit was one of the FinTech startups that had to halt its services after the Financial Conduct Authority (FCA) froze all of Wirecard's regulated activities, but now it is back in business.

Last week the UK's top financial markets watchdog ordered Wirecard to freeze all of its regulated activities in the country. Now it has lifted the ban.

Challenger bank Pockit has been forced to freeze all customers' accounts because of the Wirecard scandal and tells users to go to local welfare assistance schemes if they can't pay for their essentials.

Holvi, the digital banking platform for freelancers, has become the latest FinTech firm to be swept up in the Wirecard scandal.