FUMO: Future of Money Podcast

Wirecard: A Hot Startup, A Billion Dollar Fraud | (With Dan McCrum from Financial Times) | Fintech

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What went wrong with Wirecard? The #payment processing giant was Germany’s #tech darling during the period where #Europe was desperate for a tech champion. Dan McCrum, however, thought the company’s #profits were too good to be true, and through countless documents given by whistleblowers had exposed the company for forging backdated #contracts and faking sales #transactions.

Bringing the biggest #Fintech company of #Germany down however was not easy. Dan’s reputation was smeared by the media, finance #watchdogs, and the #regulators of attempting market price #manipulation, revealing how willing the financial elites are to ignore corruption by their ‘ally’. In this episode, you will hear how Dan’s #persistence and #journalism #integrity helped him win a 6-year long battle against Wirecard, and the twists and turns that occurred in the financial investigation of the decade . The extraordinary story will unveil:

🔹Stimulus behind the investigation

🔹Escalation of the case and the ‘German gangsters’

🔹How did Wirecard bypass the financial regulators

🔹Are there more ‘Wirecards’ lingering?

You can watch the sessions below on Youtube, or listen it on Apple and Spotify Podcasts.

Episode Guest

Podcast hosts

Ronit Ghose

Global Head, Future of Finance at Citi

Ronit Ghose is the Global Head, Future of Finance, Citi’s think tank for the future of money and technology. Ronit’s current areas of focus include Digital Assets, the Metaverse, Web3, the applications of AI to Finance and other frontier topics. Previously, Ronit was Global Head of Banks and Fintech Research for Citi.

Ronit is an Advisor to various Governments, Universities, VC investors and tech firms in the UK, UAE and Africa. Prior to joining Citi, he worked at the British Bankers’ Association and was a research assistant in the UK Parliament for a former Prime Minister. He has an undergraduate degree from the University of Oxford & a postgraduate diploma from the University of London.

Gaurav Dhar

Group CEO of Marshal Fintech Partners

Gaurav is a seasoned leader in the FinTech industry and currently serves as the Group CEO of Marshal Fintech Partners in Dubai. He is also a board member of Deem Bank, The Mena Fintech Association and TiE Dubai.

With over 19 years of experience at Marshal, he has established himself as a pioneering force in the development of FinTech ecosystems and solutions. 

By devoting his personal time to working with innovators, he has built an extensive network of relationships with VCs, incubators, accelerators, start-ups, and angel syndicates, both locally and globally.

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