Analysis

June 29, 2020

Fintech's darkest day: Waking up to Wirecard

The suspension of Wirecard's UK entity has created a storm for the sector and its users. What happens now?


Isabel Woodford

5 min read

Photo credit: Luke Stackpool, Unsplash

Fintechs were dealt a hammer blow on Friday after UK regulators suspended Wirecard Card Solutions - one of the sector’s main operators - following insolvency filings by its German parent company.

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