Wirecard: the rise and fall of a fintech giant in Asia
Notwithstanding the fact that its subsidiaries did not file for bankruptcy and may not have been involved in the misdeeds, Wirecard's remaining business is in serious trouble.
NEWS broke recently that fintech company Railsbank has agreed to acquire its competitor Wirecard UK's remaining assets, clients, and a number of employees. Moreover, Wirecard sold its operations in Brazil and advanced the process of selling its North American operations.
Once the darling of the fintech industry, Wirecard is now in a predicament.
In a dramatic turn of events, on June 18, 2020, auditing …
GET BT IN YOUR INBOX DAILY
Start and end each day with the latest news stories and analyses delivered straight to your inbox.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Columns
‘Competition for talent’ a poor excuse to keep key executives’ pay under wraps
An overstimulated US economy is asking for trouble
Too many property agents? Cap commissions on home sales
Time to study broadening of private market access
Far from thawing, the US-China economic war could see a new front opening up
China’s better economic growth hides reasons to worry