Internal Audit Manager

Wise taps directly into paynet to level up its Malaysian payment network. Wise, a global technology company building the best way to move and manage the world[[ʼ]]s money, now has direct access to Malaysia[[ʼ]]s national payments infrastructure, operated by Payments Network Malaysia (PayNet). This integration enables Wise's support for DuitNow. Malaysia becomes the 9th market globally, and the 5th in APAC, where Wise has gained direct access to a domestic payment system. This connection unlocks more seamless payments for Wise users, enabling them to use the Wise app to scan and pay DuitNow QR, Malaysia's national QR standard. It also introduces simpler ways to transfer Malaysian Ringgit (MYR). Strengthening the infrastructure for global money movements. Malaysia joins Wise's growing network of connections, following Singapore, Australia, the Philippines, the UK, Europe, Hungary, Brazil, and Japan. By plugging into local payment systems, Wise reduces dependencies on traditional intermediaries, lowering costs and boosting transaction speeds over time. Today, these global connections allow Wise to process 77% of all transfers within 20 seconds - double the proportion from five years ago. This infrastructure is also available to banks and financial institutions via Wise Platform. Partners using the Wise API will be able to utilise real-time recipient verification when setting up MYR transfers, ensuring the recipient's name matches the account before any funds are transferred. Making everyday spending easier via DuitNow QR. The connection also brings meaningful upgrades for Wise's customers. Whether visiting or living in Malaysia, users can now scan and pay via DuitNow QR codes directly from the Wise app for instant, everyday spending. The feature is rolling out progressively and will expand to support all DuitNow QR codes nationwide over the coming weeks. "Connecting directly to the local payment system and offering access to DuitNow QR is one example of how Wise is making moving money simpler. We want to take the friction out of the everyday transactions in Malaysia, bringing greater ease and convenience to consumers," said Yen Ting Chiam, Country Manager for Wise Malaysia. In addition to QR payments, Wise brings greater convenience and peace of mind to domestic transfers through DuitNow Transfer. Instead of dealing with complex bank account details, users can send money instantly using just a recipient's mobile number or National Registration Identity Card (NRIC). The recipient's name is automatically displayed for verification before the transfer is confirmed, eliminating guesswork and preventing misdirected funds. For more similar info, check out the links below:

Investor alert: Robbins LLP informs investors of the Wise Group plc class action lawsuit. SAN DIEGO-(BUSINESS WIRE)-Robbins LLP informs investors that a securities class action has been filed on behalf of all persons and entities that purchased or otherwise acquired Wise Group plc (NASDAQ: WSE) securities between May 11, 2026 and July 23, 2026 (the "Class Period"). The complaint alleges that Wise and certain of its senior executives violated the federal securities laws by making materially false and/or misleading statements regarding the Company's anti-money laundering compliance, anti-terrorist financing controls, and regulatory risks. Investors who suffered losses during the Class Period may have legal rights. If you want to see appointment as lead plaintiff, contact Robbins LLP. Why Was Wise Group Sued? Wise is a global financial technology company that provides international money transfer and cross-border payment services. On May 11, 2026, the Company transferred its primary stock listing from the London Stock Exchange to the Nasdaq Global Select Market under the ticker symbol "WSE." According to the complaint, defendants sought to portray Wise as well-positioned for growth in the United States while allegedly failing to disclose material regulatory issues affecting the Company's business. The lawsuit alleges that, at the time of its Nasdaq listing and related SEC filings, Wise materially understated the regulatory risks facing the Company arising from allegedly deficient anti-money laundering and counter-terrorist financing controls. Specifically, the complaint alleges that defendants failed to disclose that: * Wise allegedly faced significant regulatory risks arising from materially deficient anti-money laundering controls and anti-terrorist financing procedures; * the Company allegedly was under an active investigation by Belgian authorities concerning potential money laundering offenses; * Wise allegedly faced a materially greater risk that the Office of the Comptroller of the Currency ("OCC") would deny its application for a U.S. national trust bank charter due to longstanding compliance deficiencies; and * as a result, defendants' statements concerning the Company's business, regulatory compliance, and future prospects were materially false and misleading or lacked a reasonable basis. Why Did WISE Stock Collapse? According to the complaint, on June 1, 2026, Reuters reported that the Brussels Public Prosecutor's Office was investigating Wise Europe in connection with transactions reportedly involving more than €500 million in suspicious activity. The article stated that prosecutors were investigating potential money laundering offenses with alleged links to fraud, corruption, and drug trafficking. The complaint alleges that following this news, Wise's U.S.-listed shares declined from $12.77 to $10.72 over the course of three trading days. The lawsuit further alleges that on July 24, 2026, additional information reached the market when reports disclosed that the OCC had denied Wise's application for a national trust bank license. According to the complaint, the OCC cited significant supervisory and compliance concerns, including longstanding deficiencies in Wise U.S.'s anti-money laundering and counter-terrorist financing program. Following this disclosure, Wise's U.S.-listed shares fell an additional 6.2%, closing at $11.33 per share on July 24, 2026, according to the complaint. Who May Be Eligible? The lawsuit seeks to represent investors who purchased or otherwise acquired Wise Group plc (WSE) securities during the applicable Class Period. If you purchased Wise Group stock during this period and suffered investment losses, you may have rights under the federal securities laws. What Is a Lead Plaintiff? The lead plaintiff is the investor appointed by the court to represent the interests of the proposed class throughout the litigation. Investors do not have to serve as lead plaintiff to potentially share in any recovery if the lawsuit is successful. If you are interested in seeking appointment as lead plaintiff, contact Robbins LLP. Frequently Asked Questions What is the Wise Group class action about? Wise's registration-related disclosures and public statements allegedly understated then-existing regulatory risks and described certain compliance issues in hypothetical terms when, plaintiffs allege, the risks were more immediate and significant. Why did WSE stock crash? Wise stock fell after disclosures regarding the regulatory risks facing the Company arising from allegedly deficient anti-money laundering and counter-terrorist financing controls. Who can participate in the lawsuit? Investors who purchased Wise Group plc securities during the applicable Class Period may be eligible to participate in the proposed securities class action. Do I have to become lead plaintiff? No. Investors do not have to seek appointment as lead plaintiff to potentially share in any future recovery if the litigation is successful. If you want to become the lead plaintiff, you must file your papers with the court by September 28, 2026. Does it cost anything to participate? No. Robbins LLP represents investors on a contingency fee basis. Investors never pay attorneys' fees or litigation expenses. If there is a recovery, defendants pay fees and expenses. Contact Robbins LLP Investors seeking additional information about the Wise Group plc securities class action may submit an inquiry through Robbins LLP's website, email attorney Aaron Dumas, Jr., or give Business Wire, Inc. a call at (800) 350-6003. About Robbins LLP A recognized leader in shareholder rights litigation, Robbins LLP has helped restore more than $1 billion in value to shareholders, secured some of the largest recoveries in shareholder derivative litigation history, and achieved governance reforms at over 400 Fortune 1000 companies. "Behind everything we do is the belief that companies should be governed responsibly, fiduciaries should be held accountable, and shareholders deserve transparency and fairness," said Brian J. Robbins, Founding Partner of Robbins LLP. To be notified if a class action against Wise Group plc settles or to receive free alerts when corporate executives engage in wrongdoing, sign up for Stock Watch today. Attorney Advertising. Past results do not guarantee a similar outcome. Contacts. Aaron Dumas, Jr. Robbins LLP 5060 Shoreham Pl., Ste. 300 San Diego, CA 92122 [email protected] (800) 350-6003 www.robbinsllp.com More News From Robbins LLP SAN DIEGO-( BUSINESS WIRE )-Robbins LLP informs investors that a securities class action has been filed on behalf of all persons and entities that purchased or otherwise acquired Capricor Therapeutics, Inc. (NASDAQ: CAPR) securities between December 17, 2025 and July 26, 2026 (the "Class Period").The lawsuit alleges that Capricor Therapeutics misled investors regarding the path to FDA approval for its lead product candidate Deramiocel, a cell therapy to address cardiac and skeletal muscle compli... SAN DIEGO-( BUSINESS WIRE )-Robbins LLP informs investors that a securities class action has been filed on behalf of all persons and entities that purchased or otherwise acquired Bloom Energy Corporation (NYSE: BE) securities between February 27, 2025 and July 8, 2026 (the "Class Period").Bloom Energy designs, manufactures, sells, and installs solid oxide fuel cell systems for on-site power generation in the United States and internationally. Scandium is a rare earth metal used as a dopant to st... SAN DIEGO-( BUSINESS WIRE )-Robbins LLP informs investors that a securities class action has been filed on behalf of persons and entities that purchased or otherwise acquired Rackspace Technology, Inc. (NASDAQ: RXT) securities between May 7, 2026 and July 8, 2026, inclusive (the "Class Period"). Rackspace is a hybrid cloud and AI solutions company that owns and operates physical infrastructure to host cloud services and artificial intelligence.Investors who suffered significant losses during the...

OCC rejects Wise's US charter bid - GENIUS Act may offer second path. The OCC denied Wise's US bank charter application over AML/CFT concerns, but the UK payments firm is expected to resubmit under the new GENIUS Act framework. Wise, the London-headquartered cross-border payments giant, suffered a significant regulatory setback this week when the Office of the Comptroller of the Currency (OCC) denied its application for a United States bank charter, citing concerns over anti-money laundering and countering the financing of terrorism (AML/CFT) compliance risks. The decision leaves one of Europe's most prominent fintech firms locked out of the US banking system through the front door - at least for now - and raises uncomfortable questions about the consistency of federal regulatory standards at a pivotal moment for the American financial system. The OCC's reasoning centers on AML/CFT risk management, a regulatory lens applied with particular scrutiny to non-US firms seeking domestic banking privileges. Wise has built its reputation on transparent, low-cost international money transfers serving millions of consumers and businesses across more than 160 countries. Yet despite that track record, federal regulators concluded that the company's risk controls were insufficient to warrant the issuance of a national bank charter at this time. The company has not publicly disclosed the granular details of the OCC's concerns, but the denial itself signals that the bar for non-US applicants remains formidable - even when the business model is comparatively straightforward relative to newer entrants in digital assets. A glaring double standard? What makes the OCC's decision particularly striking - and, to many industry observers, deeply puzzling - is the context in which it was issued. Over the past year, the same regulatory body has approved similar national bank charters for a number of digital asset companies. These are firms operating in markets that regulators themselves have long characterized as high-risk vectors for money laundering, sanctions evasion, and illicit finance. To deny a payments firm with Wise's compliance infrastructure and operational history while simultaneously opening the charter pathway to cryptocurrency-oriented institutions invites serious scrutiny of the OCC's risk calculus and whether it is being applied evenly across applicants. This inconsistency is not merely an academic concern. It has direct commercial consequences. A US national bank charter would allow Wise to hold customer deposits directly, expand its product suite, and compete with domestic banks on more equal regulatory footing - advantages that could meaningfully reshape its competitive position in the world's largest financial market. Without it, Wise must continue to operate through a patchwork of state-level money transmitter licences, a structure that limits both its operational efficiency and its ability to offer the full spectrum of banking services its customers increasingly demand. GENIUS Act: A new door opens. Industry sources and analysts expect Wise to mount a second attempt at securing a US charter, this time by repositioning its application under the framework established by the Guiding and Establishing National Innovation for US Stablecoins, or GENIUS Act. The recently enacted legislation was designed primarily to create a federal licensing pathway for stablecoin issuers, but its broader provisions around payments institutions and digital money transmission may provide Wise with an alternative legal route into the US banking system that sidesteps - or at least reframes - the AML/CFT objections that sank its initial bid. Whether the GENIUS Act framework ultimately offers Wise a viable path remains an open question. The legislation is new, its implementing regulations are still being developed, and the OCC's interpretation of its scope will be decisive. Nevertheless, the strategic logic of resubmission is clear: if regulators are prepared to license crypto-native firms under the same broad charter category, a payments company with Wise's compliance track record and consumer protections would have a compelling case to make under any framework that purports to treat applicants consistently. What this means for transatlantic fintech. The Wise case arrives at a moment when the relationship between US regulators and international fintech firms is under intense scrutiny. Post-Brexit Britain has positioned itself as a global fintech hub, and Wise is one of its flagship exports - a company that processes hundreds of billions of dollars in cross-border transactions annually and is publicly listed on the London Stock Exchange. A sustained inability to access US banking infrastructure on equal terms with domestic competitors could dampen the company's long-term growth trajectory in North America and signal to other UK-based financial firms that the American market remains structurally hostile to foreign applicants, regardless of their compliance credentials. More broadly, the episode underscores a tension at the heart of US financial regulation right now: the simultaneous push to embrace financial innovation - particularly in digital assets - while maintaining strict gatekeeping on who qualifies as a trustworthy participant in the banking system. If the OCC's charter approvals over the past year demonstrate a genuine appetite for new entrants, the denial of Wise's application suggests that appetite is selective in ways that are not yet fully transparent to the market. A resubmission under the GENIUS Act framework would force regulators to clarify those distinctions - and in doing so, define the real boundaries of the new American financial order. Klaus hartmann. Banking infrastructure correspondent. Tracks the Bundesbank, the ECB and German Mittelstand financial systems. § Comments Open discussion no account needed