Compliance That Makes Sense

107 - What Wirecard and Many Other FinTechs Have In Common


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When I interacted with Wirecard a few years ago, I had mixed feelings about them. In some ways, Wirecard is very similar to most other FinTechs, but their fraudulent activity is in a league of its own!

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Today's episode:

  • [00:38] The mixed feelings that I had towards Wirecard when I worked with them.
  • [03:43] An explanation of what Wirecard does.
  • [04:50] Some of the characteristics that Wirecard has in common with most other Fintechs.
  • [05:41] Wirecard's unusual path to becoming a public company.
  • [07:11] How honest mistakes can benefit a business.
  • [07:48] What Wirecard did with the billion dollars they made between 2010 and 2015.
  • [08:27] The blind political support that Wirecard received in Germany.
  • [10:52] An overview of Wirecard's fraudulent activities.
  • [13:08] My top piece of advice for dealing with mistakes.

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Compliance That Makes SenseBy Yana Afanasieva

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