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The Latest Breaking News from WISE

Stock exchange dealt another blow as £12bn fintech ditches main London listing

Money transfer service Wise will move primary listing to US and dual list shares to try to lure more investors

The Guardian - UK

Wise latest to unveil plans to switch main listing from London to New York

Under the plans, the firm would be dual listed with a secondary listing in London.

Evening Standard

Fintech giant wise to switch its main share listing to the US in major blow for the City

Wise was the largest tech listing in the UK when it was valued at almost £9 billion after its 2021 stock market debut

Evening Standard

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How Baden Bower's PR Strategy Can Help Wise Rebound from Its $2.5M CFPB Fine

Baden Bower specializes in securing media placements that allow companies to take control of their message. For Wise, this could mean delivering its side of the story instead of letting negative press dictate public opinion.

International Business Times

8 European Fintech Entrepreneurs Who Transformed Startups into Global Giants

As the minds behind leading payment platforms, fintech services, and crypto exchanges, they are bringing the future within reach.

International Business Times

Muslim charities face discrimination as Palestinians are desperate for aid

Muslim charities are getting kicked off payment platforms by mainstream financial firms for no discernible reason.

Al Jazeera

Wise boss fined £350,000 for not telling FCA he had failed to pay tax

Kristo Käärmann failed to notify City regulator of fine from HMRC related to share sale

The Guardian - UK

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Wise boss Kristo Käärmann fined £350,000 by City watchdog over tax blunder

Fintech boss failed to tell the FCA about his earlier fine from HMRC for failing to disclose a CGT liability

Evening Standard

Wise boss fined £350,000 over failure to report ‘significant tax issue’

The Financial Conduct Authority said Kristo Kaarmann failed to initially notify the regulator about a previous tax issue and fine.

Evening Standard

‘Golden gap year’: how to make a midlife break work

Sabbaticals are now a top workplace trend, but before you take the plunge, here it what you need to consider

The Guardian - UK

Fintech is likely to face increased scrutiny after Evolve hack

On June 26, Evolve Bank & Trust said it had experienced a cyberattack and data breach, resulting in customers' data being exposed.

Fortune

More US finance firms say they were affected by Evolve data breach

Yieldstreet and Affirm join Wise, Branch, and many others in being affected.

TechRadar

Wise shares tumble as forecasts disappoint analysts

London’s largest listed fintech today saw its biggest-ever single-day share drop after a surge in profits was eclipsed by an earnings forecast that fell short of analyst expectations.

Evening Standard

FTSE 100 Live 13 June: Crest Nicholson and Wise shares slide after results, index lower

Crest Nicholson and the fintech Wise are in the City spotlight following results-day punishment for their shares.

Evening Standard

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Digital Camera World

All hail the new CFexpress Type B speed and capacity kings

Wise breaks every CFexpress record with its latest Type B cards

iMore

Apple Cash will work in stores that don't accept Apple Pay when iOS 17.4 launches, finally bringing it in line with Monzo, Wise, and other rivals

iOS 17.4 beta adds a ‘virtual card number’ feature to Apple Cash, so you can pay at stores that don’t accept Apple Pay.

The Guardian - AU

Jobseekers say Australia’s employment system forcing them into jobs with ‘terrible hours, conditions and pay’

Workers claim they have been forced to clean up human faeces, had payments cut off after a death in the family and have had to cancel work to attend provider appointments

The Guardian - AU

Brad Pitt in a chicken suit and rating friends: jobseekers believed ‘condescending’ courses required to get payments

Resilience course provider claims it uses the ‘same model of change as smoking cessation’ but welfare advocates say courses are ‘social eugenics’

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Evening Standard

Are customers losing interest in Wise?

City Comment: Rising interest rates have changed things for some of London's most successful fintechs

Evening Standard

FTSE 100 Live: Flat US inflation powers shares as London blue-chips close up 0.2%, BT cuts pension deficit

UK inflation fell to just 4.6%, its lowest level since 2021, in a key political victory for Rishi Sunak as well as a win in the Bank of England's battle to get prices back under control.

The Independent UK

E2E Profit 100 partner Universal Partners: how client-centric innovation has driven our growth

In an unpredictable global financial landscape, where currency volatility poses ongoing challenges, Universal Partners has had a singular focus to ensure its clients are equipped to achieve their financial objectives.

The Guardian - AU

Australian job agency under fire over ‘employability’ course that advises on washing and bathing

Wise Employment questionnaire also asks jobseekers about employment barriers, potentially including being overweight or lazy

Evening Standard

WorldFirst founder abruptly quits after governance overhaul

The London fintech had shifted operations to Asia at the instruction of Jack Ma-owned parent company Ant Group

Evening Standard

London fintech Wise accused of ‘inappropriate’ controls over Russia financial sanctions

A £250 rule-break, while small, was considered a “moderately severe” breach, according to the sanctions watchdog

Newsroom.co.nz

Commerce Commission should probe 'stubbornly' high remittance costs

Global currency tech company Wise is calling on the Commerce Commission to investigate what banks charge for overseas remittances when it conducts its market study into the retail banking sector.

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