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Former chief executive of Wirecard, Markus Braun, arrested on suspicion of market manipulation. (AFP Photo)

Wirecard scandal: Former CEO Markus Braun arrested over missing...

German payments provider Wirecard on Monday admitted 1.9 billion euros that auditors say are missing from its accounts...

23 Jun 2020 3:06 PM IST

Wirecard is a payments processor, offering companies services allowing them to accept credit cards and digital payments like Apple Pay or Paypal in stores, online or on mobile. In the picture, the Internet World Fair 2017 in Munich, Germany, Wirecard-Stand (Photo | Wikimedia Commons - Ordercrazy)

What's the Wirecard scandal? Here's five things to know

Here are the most important facts about a scandal that compares with the collapse of US energy company Enron in the...

22 Jun 2020 8:23 PM IST

The admission follows more than a year of reporting, especially by the Financial Times, on accounting irregularities in Wirecards Asian division. (Photo | AFP)

Payments services major Wirecard admits 1.9 bn euros missing, in...

Auditors say the 1.9 billion euros that were supposedly sitting in trust accounts in the Philippines likely do not...

22 Jun 2020 7:55 PM IST

The company has also taken an equity position in about 30 startups so far. (Photo: Youtube)

Citi invites fintech startups to disrupt traditional banking

Citi is already very engaged with the fintech space and is scanning thousands of startups every year.

3 March 2018 11:51 AM IST

The credit gap was huge and hence fintech models stepped in with the idea to consider secondary data to do credit profiling and further lend.

The Tech in Fintech: Leading platforms that is online right now

Since fintech forayed in India a lot of business models were created to explore lending space.

3 Dec 2018 1:30 PM IST

Asian Development Bank chief Takehiko Nakao. (Photo: AFP)

India nudges ADB to invest in fintech, health startups

ADB may also need to post more international staff from headquarters to resident missions.

5 May 2018 2:32 PM IST

Britain remains top European hub for tech investors: Study

Tech firms are contributing to the growth of the nation's digital economy, accounting for over 80 per cent of all...

8 Jun 2018 2:11 PM IST

Leading public sector lenders State Bank of India (SBI) and Punjab National Bank (PNB) have put their 15 non-performing assets worth Rs 1,063 crore for sale.

SBI to modify rules for startup investments

At present, the entire bank runs from its global technology centre at Belapur in Navi Mumbai.

3 Jun 2018 6:08 PM IST

As per estimates, only 5 per cent Indians use digital payment modes.

There are alternate modes of payments for end consumers

FinTech companies are innovating and introducing many alternate' payment options.

22 May 2017 12:57 PM IST

Representational Image.

Spice GST Suvidha provider is armoured for GST rollout

Spice GST Suvidha provider is armoured to contribute to the implementation of fair taxation in India.

24 Jun 2017 3:54 PM IST