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Wirecard’s Former CEO Markus Braun Arrested

PYMNTS

The 50-year-old executive faces charges of accounting fraud and market manipulation designed to artificially inflate the financial technology company’s balance sheet to make it look more appealing to investors and customers, the Financial Times reported. billion euros ($2.1 billion), prosecutors confirmed on Tuesday.

Fraud 318
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How Visa, FIS, TCH, SWIFT, Nacha and Circle See The Future of Faster, Real Time Payments Rails

PYMNTS

All of these new instant payments systems around the world are being built on the ISO 2002 standard,” said Waterhouse. Said Kresse, “It’s great to have a competitive marketplace where you have all sorts of different financial technology players, challenging each other to get better and to raise our game.”

Payments 313
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Commerce Takes Hit From Coronavirus With Travel, Supply Chain Impacts

PYMNTS

Travel industry downturns in the past were triggered by disasters such as the 9/11 attacks in 2001, the SARS pandemic in 2002, and the Iraq war in 2003. Financial technology provider WEX , in one case, said it now foresees first-quarter 2020 revenue to be roughly 2 percent to 3 percent under the revenue guidance provided in the past on Feb.

Industry 131
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120 Fintech Unicorns of the 21st Century: November 2020 Update

Fintech Labs Insights

But we achieved a new milestone surpassing the $1 TRILLION-mark in total valuation among the 120 public and private financial technology companies. New in November: Newborns: Verafin , the Canadian anti-financial crime specialist founded in 2003, is set to be acquired by NASDAQ for US$2.75 Ant Technology. Total = 120.