WhatsApp launches payments in Brazil and is unceremoniously shut down by the central bank a week later, MasterCard buys Finicity to protect itself against Visa’s recent acquisition of Plaid, Checkout.com continues its largely silent meteoric rise in payments, Softbank-backed and DAX 30 index component Wirecard “loses" $2 billion from its balance sheet and files for insolvency, Upgrade raises $40 million at a $1 billion valuation to extend its personal credit offering.
Wirecard was once seen as one of the hottest fintechs in Europe and as recently as last week their share...
In an interview with Karen Webster, the CEO of PYMNTS.com, the managing director of Wirecard North America, Deirdre Ives, discusses...
The European Commission’s EVP for Economic Policy, Valdis Dombrovskis, said the Wirecard scandal has helped to galvanize the effort to...
This week, we consider the impact of financial infrastructure collapse and who really gets hurt through the lens of Wirecard, Enron, and Lehman Brothers. Yes, there are investors in the entity that will lose value. But there are also clients and counterparties of Wirecard, like Curve, Revolut, and Crypto.com. In the case of Lehman, there was a $40 trillion derivatives notional amount that took twenty years to wind down. We also consider the most recent $500,000 hacking in DeFi of an automated market maker to see if there are common threads to be drawn between the two worlds.
The CEO of Wirecard, Markus Braun, resigned today as the $2 billion that auditors say is missing still cannot be...
The saga of embattled German fintech Wirecard has entered a predictable new phase; the digital payments company has filed for...
[Editor’s note: This is a guest post from Ryan Weeks, formerly with Dow Jones and AltFi, covering fintech. This is...
The warning signs were very apparent for Wirecard, not only did the Financial Times do numerous articles on the fintech...
Wirecard’s long time chief operating officer is said to be on the run according to former colleagues who said he...