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German Finance Minister Demands Quick Decisions on Digital Euro
2020-11-27T15:35:56.000+02:00
Olaf Scholz said that the European Central Bank should not adopt wait and see approach to launch a digital currency.
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Coronavirus Pushes German Fintech Monedo to Go Bankrupt
2020-09-14T13:46:11.000+02:00
The startup was once a high-flying fintech in the country.
Previously, the startup harvested public data to evaluate the risks of potential customers
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Payments
Wirecard AG to Cut 730 Jobs as Insolvency Proceedings Commence
2020-08-26T06:08:38.000+02:00
Michael Jaffé has been appointed as the insolvency administrator by the Munich District Court.
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Celeste Skinner
News
Digital Securities Adoption Highlighted in New German Draft Bill
2020-08-14T10:44:03.000+02:00
Germany's draft bill decribed digital securities adoption as a core aspect of the government’s blockchain strategy.
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Products
BUX Reaches 100,000 Users in Germany, Driven by COVID-19
2020-08-06T07:01:20.000+02:00
Heightened market volatility has caused a surge in new German clients using the investing app.
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Execution
Commerzbank AG Expects to Close 2020 in Red, Hurt by Wirecard Scandal
2020-08-05T10:58:36.000+02:00
The German lender has revised its forecast for 2020, now expects to report a net loss for the year.
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CryptoCurrency
Northern Data Partners with Taiwanese Firm Gigabyte Technology
2020-07-21T09:55:46.000+02:00
The firm has developed proprietary HPC services in collaboration with the computer hardware manufacturer.
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Finance Magnates Staff
News
Wirecard’s Missing COO is Suspected to Be Hiding in Belarus: Report
2020-07-20T08:09:42.000+02:00
Investigative news outlet 'Bellingcat' has followed Jan Marsalek's paper trail to Belarus.
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Rachel McIntosh
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News
Deutsche Boerse Evaluates DAX Expulsion Rule Following Wirecard Scandal
2020-07-17T11:11:44.000+02:00
The fintech was a darling stock of the flagship index.
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News
Germany Probing Possible Insider Trading of Wirecard Shares
2020-07-14T13:33:25.000+02:00
The company is already facing litigation in multiple jurisdictions.
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Payments
Police Raid Irish Wirecard Office
2020-07-10T17:11:45.000+02:00
Wirecard’s Dublin offices searched as fraud probe widens.
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Payments
Head of Wirecard's Dubai Operations Arrested in Germany
2020-07-06T21:02:09.000+02:00
German media have identified the executive of Cardsystems Middle East FZ-LLC as Oliver Bellenhaus.
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Aziz Abdel-Qader
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News
NetCents Plans European Expansion with Growing Local Clients
2020-07-06T08:59:47.000+02:00
The company aggressively entered the European markets and saw a surge in the client base.
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Payments
Germany Wants to Give BaFin More Responsibility Amid Wirecard Scandal
2020-07-06T07:06:48.000+02:00
The Finance Minister said he wants to overhaul the oversight system for Germany’s financial industry.
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FinTech
German Fintech NAGA Continues Strong Growth Path
2020-06-30T12:35:02.000+02:00
The number of new customers and trading volumes has grown significantly with an increase of over 50% since Q1.
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News
BaFin to Takeover Financial Probe Following Wirecard Collapse
2020-06-29T09:21:07.000+02:00
The regulator already appointed a probe on Wirecard last year, but that did not see any progress.
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News
Philippino Lawyer Claims He’s Being Framed for Wirecard Scandal
2020-06-29T03:12:10.000+02:00
Mark Tolentino said he is being set up the missing €1.9 billion, but did not provide proof.
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Regulation
Wirecard UK: Customer Funds Frozen After FCA Imposes Requirements
2020-06-26T13:00:59.000+02:00
The firm filed for insolvency after revealing more than $2bn in cash missing from its balance sheet did not exist.
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FinTech
Kapilendo and Varengold Bank Create First Digital Access to Instant Loans
2020-06-25T10:02:45.000+02:00
Frankfurt-based state owned development bank KfW offers coronavirus aid program.
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Payments
Wirecard Believes Missing €1.9B From Balance Sheet Doesn’t Exist
2020-06-22T08:12:58.000+02:00
The company said it is likely the bank trust account balances in the amount of €1.9b do not exist.
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Products
BUX Zero Officially Launches in Germany and Austria
2020-06-08T09:00:04.000+02:00
The zero-commission trading app will target France as the next step in its European expansion.
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Wirecard Partners with FC Bayern Munich Basketball
2020-06-05T09:40:15.000+02:00
The firm plans to support additional teams in various sports to drive professional sports digitilization
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News
Wirecard and Varengold Bank Team Up to Offer Payment Solutions to FinTechs
2020-05-12T11:49:23.000+02:00
The collaboration will provide firms with access to capital to refinance loan portfolios
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Challenger Bank N26 Raises Another $100M in Series D Extension
2020-05-05T12:50:37.000+02:00
The German fintech startup maintains its valuation at $3.5B
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Institutional FX
German Finance Minister Thomas Schaefer Takes His Own Life
2020-03-30T12:13:31.000+02:00
Concerns over the country's huge expectations during the coronavirus pandemic left the well-respected State Finance Minister feeling hopeless
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