GLOBAL NEWS
3
5
American Express enters European Open Banking with Tink LITHUANIA
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.
12
USA
June 2021
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.
