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FCA reverses Wirecard UK freeze

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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 […]

Trade body warns of lasting fintech damage

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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 […]

Wirecard fallout hits millions of workers

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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 […]

Where’s my money? Wirecard and tether

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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 […]

BIS warns of new monopolies in payments

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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 […]

Rise of the platforms

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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 […]

Covid wipes out cash

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The rate of spread of coronavirus through the human population may be slowing, but the pandemic seems well on the way to claiming another permanent victim: physical cash. That seems […]

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