Lessons from Wirecard

The video discusses the Wirecard scandal, highlighting its rise as a fintech giant and subsequent downfall due to fraudulent activities. Jim, a key figure in the company, shares insights on the failures in oversight, auditing, and compliance that allowed the fraud to persist. The discussion also covers the importance of whistleblowing, governance, and regulatory frameworks in preventing such scandals. Lessons for fintech startups and the role of compliance officers are emphasized.

What new insight or understanding did you gain from this video?