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Wirecard’s Former CEO Markus Braun Arrested

PYMNTS

billion) were missing from two bank accounts in the Philippines, Braun had been at the top of the FinTech company since 2002, the Times reported. Until his resignation Friday (June 19), when an audit revealed 1.9 billion euros ($2.1 Since the drama unfolded, Wirecard share values have plummeted. On June 17, the stock closed at $104.50.

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How Visa, FIS, TCH, SWIFT, Nacha and Circle See The Future of Faster, Real Time Payments Rails

PYMNTS

All of these new instant payments systems around the world are being built on the ISO 2002 standard,” said Waterhouse. The conversation turned to whether FinTechs are purely competitors to traditional FIs — or, actually collaborators. Waterhouse noted that FinTechs act as collaborators. “In

Payments 313
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FinTechs use growing amongst consumers and criminal organizations

BankInovation

The digital economy continues to grow, up significantly from 2002, when total holiday sales hit just $416.4 Eventually it all passes through financial service institutions. Whether payments are processed through Apple Pay or Venmo, PayPal or a debit card, there is always involvement with an account at a financial services institution.

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China UnionPay Launches Debit, Credit Cards In Europe

PYMNTS

tech startup, to enable banks and FinTechs to offer individuals and companies branded cards. UnionPay was founded under a charter issued by the People’s Bank of China in 2002. The Financial Times , citing China UnionPay, the world’s largest card issuer, reported it inked a partnership with Tribe Payments , a U.K.

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Former Worldbank CEO On ClearBank’s New Core Banking Infrastructure And Driving FinTech Innovation

PYMNTS

that he sold to RBS in 2002. that resulted in the reduction in the number of clearing banks to four, the incredible rise in FinTech innovation in the U.K. and the dearth of anyone innovating in core banking systems — or even talking about establishing a new clearing and settlement bank that might expedite FinTech innovation.

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GulfTech is a challenge due to diversity

Chris Skinner

Equally, having been to the region regularly since 2002, I’ve seen how it is developing and changing. I took part in a webinar the other day, focused upon the developments in digital banking in the Middle East. Having visited Abu Dhabi, Bahrain, Dubai and Qatar recently, I can claim to know a little.

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Yahoo! Is! For! Sale!: Why Banks Should Care

Celent Banking

responded to Google’s innovation quite awkwardly, first partnering with Google, then walking away from the partnership in 2004 as it sought to exploit the technology of acquired businesses such as Inktomi (2002) and AltaVista (2003). After a dalliance with Microsoft’s Bing in 2010, Yahoo!

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