Wirecard

Ernst & Young Faces Backlash Over Whistleblower Report On Wirecard
Ernst & Young Faces Backlash Over Whistleblower Report On Wirecard
September 30, 2020  |  Security & Fraud

One day after an Ernst & Young (EY) whistleblower’s warning about potential fraud at Wirecard was made public, the global accounting firm is facing backlash,...

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Singapore Banking Regulator Shuts Wirecard
Singapore Banking Regulator Shuts Wirecard
September 30, 2020  |  Security & Fraud

Singapore’s financial regulatory authority announced Wednesday (Sept. 30) it has directed Wirecard AG to end its payment services in the Southeast Asian country and return...

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German Bank Raided Over $117M Wirecard Loan
German Bank Raided Over $117M Wirecard Loan
September 29, 2020  |  Loans

A team of police and investigators raided the headquarters of KfW, a German state-owned development bank, over a 100 million euro ($117 million) loan it...

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Report: EY Whistleblower Called Out Wirecard For Fraud Years Before It Went Bankrupt
Report: EY Whistleblower Called Out Wirecard For Fraud Years Before It Went Bankrupt
September 29, 2020  |  Security & Fraud

An EY whistleblower has alleged the global accounting firm was warned as far back as 2016 that senior managers at Wirecard may have committed fraud...

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Ernst & Young CEO Expresses Regret Over Wirecard
Ernst & Young CEO Expresses Regret Over Wirecard
September 15, 2020  |  Security & Fraud

EY’s global chairman and CEO has expressed regret over the accounting firm’s failure to uncover fraud sooner at Wirecard AG, the bankrupt German payment company....

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US FinTech Change Financial To Buy Wirecard Australia, New Zealand For $5.7M
US FinTech Change Financial To Buy Wirecard Australia, New Zealand For $5.7M
September 14, 2020  |  Partnerships / Acquisitions

Change is ahead for Change Financial. The publicly-traded company that serves U.S. customers has agreed to buy Wirecard’s assets in Australia and New Zealand, the...

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Railsbank Inks Deal To Buy UK Wirecard Card Solutions
Railsbank Inks Deal To Buy UK Wirecard Card Solutions
September 11, 2020  |  Acquiring

Railsbank has signed a deal to buy Wirecard Card Solutions Ltd. in the United Kingdom, the company announced Thursday (Sept. 10). The Newcastle, England-based FinTech has...

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Philippines Investigates 57 Potential Participants In Wirecard Scandal
Philippines Investigates 57 Potential Participants In Wirecard Scandal
September 11, 2020  |  Security & Fraud

Fifty-seven local and international “persons of interest” who possibly participated in the Wirecard AG scandal are subjects of a probe by government officials in the...

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Report: Deutsche Bank Withdrew From Wirecard Deal Over Price
Report: Deutsche Bank Withdrew From Wirecard Deal Over Price
September 04, 2020  |  Partnerships / Acquisitions

Deutsche Bank AG is out. Bloomberg News reported the Frankfurt, Germany-based global investment bank and financial services company is no longer interested in buying Wirecard...

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