German lawmakers grill Scholz, Altmaier over Wirecard scandal
German lawmakers on Wednesday questioned Finance Minister Olaf Scholz and Economy Minister Peter Altmaier over their failure to detect and prevent the Wirecard [WDIG.DE] accounting scandal, one of the biggest in post-war history.
Prosecutors arrest three in suspected Wirecard criminal racket
German prosecutors arrested three former top executives of Wirecard on Wednesday, saying it suspected them of masterminding a criminal racket to fake the company's accounts and bilk creditors of billions of euros.
U.S. banks given regulatory green light to safekeep cryptocurrencies
A leading U.S. banking regulator said on Wednesday that national banks may provide custody services for cryptocurrencies.
Facebook's WhatsApp to partner with more Indian banks in financial inclusion push
Facebook Inc's WhatsApp plans to team up with more Indian lenders to expand banking services in rural areas and for lower income individuals, the messaging platform's country head said on Wednesday.
Online lender Kabbage launches checking accounts for small businesses
Atlanta-based online lender Kabbage Inc said on Wednesday that it will offer checking accounts for small businesses, making it the latest financial technology startup to expand its offering to a broader suite of banking services.
Britain to beef up City watchdog powers over crypto-assets
Britain's finance ministry on Monday proposed giving the City's watchdog new powers to regulate crypto assets like bitcoin, and also outlined a crackdown on misleading sales literature bombarding consumers over the internet.
Alibaba's Ant Group fires starting gun on dual listing in Hong Kong, Shanghai
Ant Group, the fintech arm of Chinese e-commerce giant Alibaba Group Holding , said it has started the process of a dual listing in Hong Kong and on Shanghai's Nasdaq-style Star Market, kicking off one of the world's most hotly anticipated IPOs.
Timeline: The rise and fall of Wirecard
German payments firm Wirecard collapsed in June after its auditor EY refused to sign off on the 2019 accounts, following months of investigation into missing 1.9 billion euros from its books, and forcing out Chief Executive Markus Braun.
Wirecard hires Alix Partners for forensic investigation: sources
German payments company Wirecard has hired Alix Partners for a forensic investigation of the accounting scandal that led to its collapse, people close to the matter said.
Vodacom partners with China's Alipay to create 'super app' in South Africa
Vodacom Group plans to create a 'super app' in partnership with digital payment provider Alipay, part of China's Alibaba group , to allow consumers in South Africa to shop online, pay bills and send money to family from next year.
Regulators plot path for cross-border payments to counter Facebook
Streamlining anti-money laundering checks, longer central bank opening hours and linking national systems would cut cross-border payment costs, global regulators said on Monday.
WhatsApp says Brazil central bank willing to restore payments service
Facebook Inc messaging service WhatsApp said on Thursday that Brazil's central bank had said it intended to find a way to restore the payments service in the country by working with Visa Inc and Mastercard Inc .
New York regulator proposes easing cryptocurrency rules
New York's financial regulator on Wednesday proposed new licensing rules that would make it easier for companies to engage in cryptocurrency business in the state.
Payments startup Marqeta raises $150 million, hits $4.3 billion valuation
Payment card issuing startup Marqeta has raised $150 million from a U.S. institutional investor, doubling its valuation to $4.3 billion, the company said on Thursday.
From bikes to blockchain: Shipping industry goes digital in lockdown
The coronavirus lockdown has accelerated a digitalisation drive in a global shipping and logistics sector that still routinely delivers many documents by bike messenger in some countries, according to industry leaders.
Brazil's payments firms see delinquency up 30% amid coronavirus crisis: association
Brazil's card payments association Abecs estimates delinquency in the sector has gone up roughly 30% since the beginning of the coronavirus pandemic in the country, its head Pedro Coutinho said on Wednesday.
Japan's Rakuten 5G launch delayed due to coronavirus
Japan's Rakuten Inc said on Friday the launch of its 5G services planned for June has been delayed by three months due to disruption caused by the coronavirus outbreak.