Posts in Banking
The Wirecard Saga

By now we are certain you’ve seen the many headlines about the Wirecard scandal. Over the years Wirecard had been the rising star of Germany. It had replaced Commerzbank on the Frankfurt stock exchange and, at its peak, Wirecard was valued at over EUR 24 billion. So where did it all go wrong?

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APIs are taking the world by storm

APIs are the driving force behind digital transformation. With the emergence of PSD2, open banking APIs exposed a range of data to third-party FS solution providers including payment initiators, account aggregators, and other fintechs. Leon Muis, CBO of Yolt Technology Services (YTS), elaborates on the impact of APIs on open banking.

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Fighting dirty money

Recent money laundering scandals have pointed to the need for a more comprehensive and effective EU approach to preventing and combating money laundering and terrorist financing. In March 2020, the European Banking Federation’s (EBF) CEO Wim Mijs presented its new blueprint ‘Lifting the Curse of Dirty Money’, which features 20 policy recommendations for an effective EU Anti-Money Laundering (AML) policy.

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