Remove Financial Technology Remove Fraud Remove Groups Remove Marketing
article thumbnail

European Banks Face Massive Losses On Exiting Wirecard Loans

PYMNTS

As the one-time darling of Europe’s financial technology (FinTech) community faces insolvency with the debt of nearly $4 billion, some lenders said there are few buyers willing to pay cents or euros on the debt. While Wirecard touted deals with SAP SE, Zurich Insurance Group and SoftBank Group Corp.,

Fraud 150
article thumbnail

Fintech Deals to Watch: Fall Festivities

Gonzobanker

Treasury management provider Dragonfly Financial Technologies launched independently from an ACI Worldwide sale. Core: Core-n Mazes and Hayrides FIS acquired embedded finance provider Bond Financial Technologies and announced plans to spin off merchant solutions (to be named Worldpay ).

Fintech 103
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

EU To Examine German Regulators’ Oversight Of Wirecard

PYMNTS

The European Securities and Markets Authority (ESMA), the European Union’s (EU) financial watchdog, plans to examine how German regulators handled oversight of Wirecard AG , the collapsed payments company that is facing a series of criminal allegations. It reported nearly $4 billion of debt to creditors, after it revealed that $2.1

article thumbnail

Crypto 2020: One Step Up; Two Steps Back

PYMNTS

Or maybe that cryptocurrencies have yet to go mainstream beyond the headlines because fraud still lurks. Jeremy Allaire , CEO of financial technology firm Circle , told PYMNTS that digital currencies are ready to transition from speculation to become more broadly adopted in everyday commerce. . Keeping An Eye On Fraud.

article thumbnail

Fintech Deals to Watch: Back to School

Gonzobanker

Digital banking provider Alkami acquired data analysis and marketing campaign management provider Segmint Digital banking and payments provider Bottomline was acquired by Thoma Bravo for $2.6B. Keep an eye on the initial banks working on these projects. Digital Engagement Had Great Attendance and Extracurriculars.

Fintech 182
article thumbnail

Why B2B Payments Can’t Shake Its Anti-Innovation Notoriety

PYMNTS

Still, according to the latest Mercator Advisory Group report on FinTech disruption, B2B payments will have to wait a bit longer to see true change from these innovations. But while B2B payments continues to lag behind the B2C market in terms of innovation, analysts note that all sides will be facing challenges from regulation this year.

article thumbnail

UK Financial Watchdog Says Wirecard Cooperative But Assets To Stay Frozen 

PYMNTS

The report said firms such as Pockit, the London-based financial technology company that offers an alternative to traditional banks, and U Account, the Sheffield, England digital bank, a subsidiary of subprime lender Morses Club PLC that provides finance to poorer clients, are among those hardest hit. authorities.

Taxes 223