Analysis

June 24, 2020

Fintech sector grapples with Wirecard fallout

Europe's fintech sector relies heavily on scandal-hit Wirecard. The risks are limited — but there's still panic in the air.


Isabel Woodford

5 min read

UPDATE (26.06.20): The FCA has today suspended the UK entity of Wirecard Card Solutions (WCS). Sifted understands this is a precautionary action, but it could temporarily limit the capabilities of pre-paid cards powered by WCS. The story is developing.

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