The global financial markets are now increasingly dependent on a single currency, the US dollar, and a single source of liquidity—the US central bank. That’s the conclusion drawn by the […]
The Wirecard collapse raises questions over the safety of funds kept by electronic money and payment services firms. Spot the difference On the face of it, there’s very little difference […]
The UK financial services regulator has reversed its Friday decision to suspend the activities of Wirecard Card Solutions Limited, an action which precipitated the freezing of up to 60 prepaid […]
In an open letter to the UK’s Financial Conduct Authority (FCA), the UK’s Emerging Payments Association has warned of lasting damage to the UK’s financial technology sector as a result […]
While millions of pre-paid card users have seen their funds frozen as a result of the Wirecard scandal, some using cryptocurrency-based debit cards have been able to retain access to […]
The effects of Wirecard’s collapse are now rippling around the world, depriving millions of workers in the global freelance economy from access to their money. Many of those without formal […]
When you place money on deposit you expect to get it back. Many people say that’s the original concept of banking: you pass your funds across a desk into safe […]
The Bank for International Settlements (BIS) has issued a rallying call for countries to prevent the emergence of powerful new monopolies in the form of digital platforms run by large […]
Big tech firms like Google, Facebook, Apple, Alibaba and Tencent want our payments data. Are we right to share it with them? “The entry of BigTechs into the provision of […]
The United States’ position at the centre of global financial system is at risk because of the country’s ageing money infrastructure, according to a former government insider. “We must future-proof […]