Tag: Wirecard

Neobank Pockit was one of the FinTech startups that had to halt its services after the Financial Conduct Authority (FCA) froze all of Wirecard's regulated activities, but now it is back in business.

Last week the UK's top financial markets watchdog ordered Wirecard to freeze all of its regulated activities in the country. Now it has lifted the ban.

On Late Monday afternoon Curve announced that some of its services were back after having shut them down because of their affiliation with Wirecard.

Challenger bank Pockit has been forced to freeze all customers' accounts because of the Wirecard scandal and tells users to go to local welfare assistance schemes if they can't pay for their essentials.

Holvi, the digital banking platform for freelancers, has become the latest FinTech firm to be swept up in the Wirecard scandal.

Several companies using Wirecard's payment processing solutions have found themselves having to suspend their services, but Revolut is not one of them.

Payment startup Curve has warned its customers that their services will be disrupted because of the Wirecard scandal having prompted the Financial Conduct Authority (FCA) to freeze all of the payment giant's assets.

The collapse of German payment giant Wirecard has taken another turn as the UK's Financial Conduct Authority (FCA) has ordered the FinTech's British branch to cease all regulated activities.

FinTech Wirecard has filed for insolvency after a week of turmoil that saw it unable to account for a $2.1bn hole in its balance sheet and its former CEO being arrested on fraud allegations.

Having resigned on Friday as Wirecard's CEO, Markus Braun has now been arrested on charges of inflating the company's balance sheet.