German anti-money laundering regulator failed to share warnings about Wirecard
The German Financial Intelligence Unit only sent a fracture of warnings about Wirecard's finances to the police and the public prosecutor's office.
Check out the 29 FinTech companies to raise rounds last week
Last week's FinTech funding rounds highlight the fractured neobank scene, show the sector's coronavirus struggles and demonstrate some areas industry stakeholders should be interested in right now.
Customers abandon purchases because of strong customer authentication processes
Last year, the EU started to roll out its strong customer authentication (SCA) rules to make it safer to buy things online, but it seems it is making customers abandon their purchases, according to new Microsoft research.
Wirecard scandal costs Commerzbank €175m in bad loans
Commerzbank is the latest company to feel the shock waves of Wirecard's collapse, with the beleaguered firm having had a €200m ($237.51m) credit facility with the German lender.
EDPIA names SIA as newest member of its payments alliance
The European Digital Payments Industry Alliance (EDPIA) has named payments infrastructure developer SIA as the latest member of the group.
Visa and Mastercard fined Wirecard for suspicious transactions
While the Wirecard scandal truly came to light this summer, it seems as if Mastercard and Visa have been concerned for many years about the now insolvent FinTech giant.
Bundesbank president calls for tougher rules to prevent another Wirecard scandal
Jens Weidmann, president of Bundesbank, has called for German regulators to toughen up its auditing and accounting rules or risk facing another Wirecard scandal.
Former Wirecard CEO Markus Braun arrested again for his alleged part of a multi-billion...
Markus Braun, the former top boss at disgraced FinTech giant Wirecard, has been arrested for a second time in Munich for his alleged role in a multi-year fraud.
Rosen Law Firm calls for Wirecard securities purchasers to join class action lawsuit
The problems are growing for Wirecard as Rosen Law Firm is calling for people to join its class action lawsuit against the collapsed FinTech giant.
EY reportedly warned Wirecard that a KPMG audit lacked “context”
New reports suggest that Ernst & Young might have stepped in before KPMG published its independent audit of the collapsed FinTech giant Wirecard.