Temenos shares plunge after damning report alleges accounting irregularities and failed products 😨📉; Bakkt gets a lifeline after cash crunch 🤕

FinTech is Eating the World, 15 February

Hey Everyone,

Good morning! Today’s issue is the best one yet as we are going to look at Temenos plunging after a damning report from Hindenburg Research (looking at all the allegations, understanding what they mean and what’s next for Temenos + one bonus read), and Bakkt that gets a lifeline after cash crunch (a holistic view of all the struggles of once a crypto darling & what’s next + some bonus reads on why consumer FinTech is hart). Let’s jump straight into the interesting stuff 🌶

Temenos shares plunge after damning report alleges accounting irregularities and failed products 😨📉

The news 🗞️ Swiss banking software provider Temenos saw its shares plunge nearly 30% after a damning report by short-seller Hindenburg Research alleged accounting manipulation and failed product implementations.

Let’s take a look at all the allegations, see what they mean, and what’s next for Temenos (their outlook isn't great…).