645. Insights: Dan McCrum on bringing down payment giant Wirecard's house of cards

Our expert host, David M. Brear, is joined by Dan McCrum, an investigative reporter at the Financial Times and author of 'Money Men: A Hot Startup, A Billion Dollar Fraud, A Fight for the Truth'. The financial services industry was rocked by headlines about Wirecard. It filed for insolvency in June 2020 claiming €1.9 billion dollars was “missing” from its balance sheet and slowly the whole sorry story came to light, with everything from embezzlement, racketeering, pornography and the eventual firing and arrest of its CEO Markus Braun. On today’s show we are speaking to the man who brought this all to light – and has documented the story in his new book. This episode is sponsored by FullCircl You’re under pressure on multiple fronts – demanding customers, competitors making a grab for market share, regulatory scrutiny, and high cost-to-serve. So, what to do? Whether you’re a bank or financial services company, future-ready transformation can only be achieved by implementing a holistic Customer Lifecycle Intelligence (CLI) strategy. This new whitepaper explores how CLI will help you find the right customers, onboard them faster, and keep them for life. Check out the whitepaper here! Fintech Insider by 11:FS is a podcast dedicated to all things fintech, banking, technology and financial services. It’s hosted by a rotation of 11:FS experts including David M. Brear, Simon Taylor, Jason Bates and Gwera Kiwana, as well as a range of brilliant guests. We cover the latest global news, bring you interviews from industry experts or take a deep dive into subject matters such as APIs, AI or digital banking. If you enjoyed this episode, don't forget to subscribe and please leave a review Follow us on Twitter: @fintechinsiders where you can ask the hosts questions, or email [email protected]! Special Guest: Dan McCrum. Learn more about your ad choices. Visit megaphone.fm/adchoices