FCA orders Wirecard UK to cease all activity as the scandal moves into second...
The collapse of German payment giant Wirecard has taken another turn as the UK's Financial Conduct Authority (FCA) has ordered the FinTech's British branch to cease all regulated activities.
Wirecard has gone bust after scandal saw the FinTech unable to account for $2.1bn
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.
Symphonic’s founder says watching the door is no longer enough when it comes to...
Symphonic Software has gone from being a cybersecurity research project to offering a contextualised data user experience to massive banks and governments around the world.
Visa is launching an AI-powered solution to fight the risk of fraud facing financial...
As billions of data records have been stolen through the years, payment giant Visa has announced a new tool in the fight against fraud.
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."
Mobile app flaws could leave half of mobile banks at risk of fraud
Over half of bank mobile apps could leave companies and their clients exposed to fraud, according to a new report.
FCA slams Commerzbank London with £37.8m fine over anti-money laundering failures
The UK's top financial market watchdog has punished the London branch of Commerzbank with a £37,805,400 fine for failing to set up strong anti-money laundering (AML) measures.
27 FinTech funding rounds from the last week that could show how a post-coronavirus...
From InsurTech startups to cybersecurity ventures, the past week has seen several FinTech firms find funding to help them grow despite the global pandemic.
FCA warns of fake register page
As the Covid-19 crisis continues, not even the UK's financial markets watchdog has been immune to the growing number scams sweeping across the world in the wake of the pandemic.
NS8 closes $123m funding round as it looks to continue its rapid growth
NS8, a fraud prevention platform, has closed a $123m funding round which was led by Lightspeed Venture Partners and AXA Venture Partners.