An End In Sight For The Wirecard Scandal As Banco Santander Swoops In To Buy Remaining Technological Assets

In what could be a final chapter in the dissolution and resolution of German payments firm Wirecard’s scandalous year, Spain’s Banco Santander has reportedly closed a deal that will tie up loose ends on the insolvent business’ assets. Wirecard’s insolvency administrator Michael Jaffé shared that the Spanish bank had acquired the company’s technology platform as well as all of its “highly specialized technological assets.”...