> fintechs need utmost trust from customers in order to run their business
Wirecard has been repeatedly and very credibly accused of fraud and of cooking their books for the past decade. Clearly customers don't care otherwise they wouldn't have had any.
Wells Fargo fraudulently created millions of fake checking and savings accounts. Did it break the "utmost trust" you assert is required? No.
RBS was found insolvent after the 2008 financial crisis. Surely insolvency violates this "utmost trust" benchmark? Haha. No.
Barclays was found guilty of fixing interbank interest rates (Libor). Massive scandal that was all over the newspapers. And yet, same question, same answer.
Wirecard has been repeatedly and very credibly accused of fraud and of cooking their books for the past decade. Clearly customers don't care otherwise they wouldn't have had any.
Wells Fargo fraudulently created millions of fake checking and savings accounts. Did it break the "utmost trust" you assert is required? No.
RBS was found insolvent after the 2008 financial crisis. Surely insolvency violates this "utmost trust" benchmark? Haha. No.
Barclays was found guilty of fixing interbank interest rates (Libor). Massive scandal that was all over the newspapers. And yet, same question, same answer.