107 - What Wirecard and Many Other FinTechs Have In Common

<p><span style="font-weight: 400;">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! </span></p> <p><span style="font-weight: 400;">If you found value in this episode, I would really appreciate if you could leave a review! My mission is to help and support as many FinTech startups as possible, and when you leave a positive review, more people can find this podcast and help their companies!</span> <span style= "font-weight: 400;">If you are on Apple, just </span><a href= "https://podcasts.apple.com/ch/podcast/compliance-that-makes-sense/id1535160531"><strong>click here to review</strong></a><span style="font-weight: 400;">, select “Ratings and Reviews” and “Write a Review” and tell me what your favorite part of the podcast is. </span></p> <p> </p> <p><strong>Today's episode:</strong></p> <ul> <li><span style="font-weight: 400;">[00:38] The mixed feelings that I had towards Wirecard when I worked with them.</span></li> <li><span style="font-weight: 400;">[03:43] An explanation of what Wirecard does.</span></li> <li><span style="font-weight: 400;">[04:50] Some of the characteristics that Wirecard has in common with most other Fintechs. </span></li> <li><span style="font-weight: 400;">[05:41] Wirecard’s unusual path to becoming a public company. </span></li> <li><span style="font-weight: 400;">[07:11] How honest mistakes can benefit a business.</span></li> <li><span style="font-weight: 400;">[07:48] What Wirecard did with the billion dollars they made between 2010 and 2015.</span></li> <li><span style="font-weight: 400;">[08:27] The blind political support that Wirecard received in Germany.</span></li> <li><span style="font-weight: 400;">[10:52] An overview of Wirecard’s fraudulent activities. </span></li> <li><span style="font-weight: 400;">[13:08] My top piece of advice for dealing with mistakes. </span></li> </ul> <p> </p> <p><strong>Show links:</strong><span style