The Wirecard Story

In just a decade, Wirecard went from a little-known German payment processing company to one of the most valuable financial services firms on the stock market with a valuation of 17.5 billion dollars. The company was so hyped by the investors, that they ignored the allegations of fraud made by the press. However, it all unraveled last week when its former CEO, Markus Braun, was arrested. This is the biggest financial scandal since the collapse of Enron in early 2000s so buckle up, it's going to be a bumpy ride.

Wirecard and the missing €1.9bn

Surveillance, spear phishing and missing billions. 'At times I thought I was going crazy.' Journalist Dan McCrum explains the twists and turns behind the massive fraud.

Big Short: Fintech Fraud Wirecard Explained (EY Accounting Scandal)

Eddie Donmez takes a look at the German Payment processing Fintech- Wirecard. He dives into the 15-year long accounting fraud that saw €1.9bn go missing and draws parallels to previous scandals like Lehman Brothers and Enron. Are there more FinTechs out there that have grown too quickly and let their standard slip?

Digital Payments: The Evolution of Currency

Over the last decade, the digital payments landscape has undergone a structural shift. Consumer behaviors are changing—moving towards contactless and cashless transactions. Meanwhile, as the magnitude of COVID-19 grows, these trends have only accelerated.

Examine the digital payments ecosystem, explore its history and innovative technologies, and how it continues to grow as a solution of choice for trillions of dollars of transactions each year.

Follow this LINK.

Wirecard and the missing billions

Payment processing company Wirecard was the darling of Germany’s fintech industry until auditors uncovered a $2 billion hole in its accounting. WSJ explains what we know about the missing money, as investigators are still trying to understand what happened.

COVID-19 and the Payments Industry

In just a couple of months the COVID-19 virus has change the world. How we work and how we live has changed and probably will never be the same again.

Did you miss our free webinar? No problem. Watch it now - on You Tube.

In this presentation, we examine the effect that the COVID-19 pandemic is having on the Payments Industry and explore some possible future outcomes in the areas of banking, fintechs, the cashless society, mobile wallets, online shopping, customer behavior, and more.

Want more details on our online training products? Check out the below URLs.

Stanley Epstein's courses 
 
Richard Barr's courses 

 

Recovery post-pandemic - Brett King's views

Futurist, Brett King speaks to Finextra about Covid-19's impact on the industry and the lessons learned up to today, where FIs will move to next, what the future of business looks like post-pandemic.