Lithuanian fintech under investigation for Wirecard fraud

Prosecutors suspect that UAB Finolita Unio may be linked to the notorious Wirecard scandal . When the $ 2.3bn of funds went missing in June 2020 , the finserv platform declared insolvency . The accusations posit that UAB Finolita Unio stole $ 121.3m prior to its ultimate demise .

American Express enters European Open Banking with Tink

Multinational financial services corporation American Express has formally entered the European Open Banking market in partnership with Tink . The former will incorporate the latter ’ s Open Banking tech into its application and risk analysis processes . The development will impact AmEx ’ s customers in France , Germany , the Netherlands , Norway , Spain , Sweden , and others .

12 June 2021