Former Wirecard CEO arrested, scandal prompts calls for reform
Wirecard AG’s former chief executive officer was detained by Munich prosecutors as the scandal over 1.9 billion euros ($2.1 billion)...
Mastercard takes step away from cards with $825 million deal
Mastercard Inc. made another push away from traditional card payments with an $825 million deal to acquire technology firm Finicity....
Wirecard fights for survival as billions may not exist
Wirecard AG was left fighting for survival after acknowledging that 1.9 billion euros ($2.1 billion) that it had reported as...
Jack Ma’s open banking strategy gets a boost from lockdown
Billionaire Jack Ma’s Ant Financial Services Group saw a surge in Chinese banks seeking out its digital technology to keep...
Wells Fargo says Fed cap is limiting small-business relief
Wells Fargo & Co. said it can’t fully meet demand from small businesses rushing to participate in a U.S. relief...
Startups are scrambling for access to $349 billion in relief loans
Representatives for venture-backed startups are pushing for the companies to get access to $349 billion in small business loans authorized...
Ant, Vanguard target 900 million users with robo adviser
Vanguard Group and Ant Financial’s joint venture is rolling out a new robo adviser to target the Chinese fintech giant’s...
Robinhood accused of offering snafu credits to squelch suit
Robinhood Financial Inc., facing lawsuits over crashes on its trading platform amid violent stock market swings, is now being accused...
Fintechs seek US government funds to help make business loans
Financial-technology firms including PayPal Holdings Inc. are lining up to help speed lending to small businesses during the coronavirus crisis -- and...
Robinhood outages show perils of move fast and break things
“Move fast and break things” is synonymous with Silicon Valley’s freewheeling tech culture. But one finance startup is learning the...
