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EU To Examine German Regulators’ Oversight Of Wirecard

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The European Securities and Markets Authority (ESMA), the European Union’s (EU) financial watchdog, plans to examine how German regulators handled oversight of Wirecard AG , the collapsed payments company that is facing a series of criminal allegations. It reported nearly $4 billion of debt to creditors, after it revealed that $2.1

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 FinTech Collaborations and Frameworks Gain Steam in Asia

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As the site reported, the plan states that stronger FinTech risk controls should be in place, and adds that FinTech can help improve the quality of financial services through the country. The collaboration seeks to promote a “friction-free” digital identity and authentication services tied to fraud prevention.

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