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The Latest Breaking News from WISE

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

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

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‘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

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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

All hail the new CFexpress Type B speed and capacity kings

Wise breaks every CFexpress record with its latest Type B cards

Digital Camera World

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.

iMore

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’

The Guardian - AU

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.

Evening Standard

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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

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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.

Evening Standard

FTSE 100 Live: Share rally fades; gilt yields surge yet again; JD Sports and Boots offer high street boost

Blue-chip shares are trading higher today as London sentiment benefits from a strong Wall Street handover.

Evening Standard

Top two Wise execs leave firm in good shape as profit triples before both step aside

Kristo Käärmann and Matt Briers announced plans to step aside temporarily and quit, respectively, just days apart last month

The Guardian - AU

Australian jobseekers told to use ChatGPT to apply for jobs and shown irrelevant videos

Exclusive: A taxpayer-funded online employability course that included videos on body language contained ‘not curriculum-endorsed materials’

Evening Standard

Wise CFO to quit after CEO says he will step away

London fintech Wise could soon be without both its long-serving bosses, after the CFO today said he plans to leave the firm just days after the CEO revealed he would be taking a multiple-month leave of absence.

Evening Standard

As Wise CEO Kristo Kaarman takes three months off, are we now in the era of the sabbatical?

City Voices: The more senior male leaders take their family into account when making career decisions, the better

Evening Standard

Billionaire Wise CEO Kristo Kaarman takes three-month holiday to spend time with baby boy

The billionaire boss of payments firm Wise is to take a three-month sabbatical to spend more time with his family, he announced today.

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