Lessons from corporate scandals: strengthening corporate governance in the fintech era

Dinushi Wijesinghe; Devmali Perera; Samangi Bandaranayake; Gayathri Gunatilake

doi:10.1007/978-3-032-03943-9_7

Lessons from corporate scandals: strengthening corporate governance in the fintech era

Dinushi Wijesinghe^*
, Devmali Perera
, Samangi Bandaranayake
, Gayathri Gunatilake

^*Corresponding author for this work

Dundee Business School

Research output: Chapter in Book/Report/Conference proceeding › Chapter

Abstract

This chapter examines the lessons learned from major corporate scandals in the fintech sector, focusing on Centra Tech, BitConnect, QuadrigaCX, Wirecard, and FTX. It explores the evolution of fintech, the role of blockchain technology, and the challenges of implementing effective corporate governance in a rapidly changing industry. The analysis highlights the need for stronger governance frameworks, improved transparency in financial reporting, and stringent regulatory oversight. The chapter concludes with recommendations for enhancing corporate governance in fintech, emphasizing the importance of independent boards, real-time communication with stakeholders, and the integration of ESG principles into long-term strategic plans. By addressing these critical issues, the chapter aims to foster a more resilient and trustworthy fintech ecosystem.

Original language	English
Title of host publication	The future of accounting and finance
Subtitle of host publication	embracing technology, digitalisation, sustainability, education, and employability
Editors	Vu Quang Trinh, Thinh Ngoc Pham
Place of Publication	Cham
Publisher	Springer
Chapter	7
Pages	145-175
Number of pages	30
ISBN (Electronic)	9783032039439
ISBN (Print)	9783032039422
DOIs	https://doi.org/10.1007/978-3-032-03943-9_7
Publication status	Published - 3 Jan 2026

Publication series

Name	Sustainable Finance
Publisher	Springer
ISSN (Print)	2522-8285
ISSN (Electronic)	2522-8293

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

SDG 8 Decent Work and Economic Growth
SDG 17 Partnerships for the Goals

Keywords

Corporate governance
Corporate scandals
Fintech

Access to Document

10.1007/978-3-032-03943-9_7

Embargoed Document

Wijesinghe_LessonsFromCorporateScandals_Accepted_2026
Accepted author manuscript, 629 KB
Embargo ends: 02/01/2027 00:00 GMT

Cite this

Wijesinghe, D., Perera, D., Bandaranayake, S., & Gunatilake, G. (2026). Lessons from corporate scandals: strengthening corporate governance in the fintech era. In V. Q. Trinh, & T. N. Pham (Eds.), The future of accounting and finance: embracing technology, digitalisation, sustainability, education, and employability (pp. 145-175). (Sustainable Finance). Springer. https://doi.org/10.1007/978-3-032-03943-9_7

Wijesinghe, Dinushi ; Perera, Devmali ; Bandaranayake, Samangi et al. / Lessons from corporate scandals : strengthening corporate governance in the fintech era. The future of accounting and finance: embracing technology, digitalisation, sustainability, education, and employability. editor / Vu Quang Trinh ; Thinh Ngoc Pham. Cham : Springer, 2026. pp. 145-175 (Sustainable Finance).

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Wijesinghe, D, Perera, D, Bandaranayake, S & Gunatilake, G 2026, Lessons from corporate scandals: strengthening corporate governance in the fintech era. in VQ Trinh & TN Pham (eds), The future of accounting and finance: embracing technology, digitalisation, sustainability, education, and employability. Sustainable Finance, Springer, Cham, pp. 145-175. https://doi.org/10.1007/978-3-032-03943-9_7

Lessons from corporate scandals: strengthening corporate governance in the fintech era. / Wijesinghe, Dinushi; Perera, Devmali; Bandaranayake, Samangi et al.
The future of accounting and finance: embracing technology, digitalisation, sustainability, education, and employability. ed. / Vu Quang Trinh; Thinh Ngoc Pham. Cham: Springer, 2026. p. 145-175 (Sustainable Finance).

Research output: Chapter in Book/Report/Conference proceeding › Chapter

TY - CHAP

T1 - Lessons from corporate scandals

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AU - Wijesinghe, Dinushi

AU - Perera, Devmali

AU - Bandaranayake, Samangi

AU - Gunatilake, Gayathri

PY - 2026/1/3

Y1 - 2026/1/3

N2 - This chapter examines the lessons learned from major corporate scandals in the fintech sector, focusing on Centra Tech, BitConnect, QuadrigaCX, Wirecard, and FTX. It explores the evolution of fintech, the role of blockchain technology, and the challenges of implementing effective corporate governance in a rapidly changing industry. The analysis highlights the need for stronger governance frameworks, improved transparency in financial reporting, and stringent regulatory oversight. The chapter concludes with recommendations for enhancing corporate governance in fintech, emphasizing the importance of independent boards, real-time communication with stakeholders, and the integration of ESG principles into long-term strategic plans. By addressing these critical issues, the chapter aims to foster a more resilient and trustworthy fintech ecosystem.

AB - This chapter examines the lessons learned from major corporate scandals in the fintech sector, focusing on Centra Tech, BitConnect, QuadrigaCX, Wirecard, and FTX. It explores the evolution of fintech, the role of blockchain technology, and the challenges of implementing effective corporate governance in a rapidly changing industry. The analysis highlights the need for stronger governance frameworks, improved transparency in financial reporting, and stringent regulatory oversight. The chapter concludes with recommendations for enhancing corporate governance in fintech, emphasizing the importance of independent boards, real-time communication with stakeholders, and the integration of ESG principles into long-term strategic plans. By addressing these critical issues, the chapter aims to foster a more resilient and trustworthy fintech ecosystem.

U2 - 10.1007/978-3-032-03943-9_7

DO - 10.1007/978-3-032-03943-9_7

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T3 - Sustainable Finance

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EP - 175

BT - The future of accounting and finance

A2 - Trinh, Vu Quang

A2 - Pham, Thinh Ngoc

PB - Springer

CY - Cham

ER -

Wijesinghe D, Perera D, Bandaranayake S, Gunatilake G. Lessons from corporate scandals: strengthening corporate governance in the fintech era. In Trinh VQ, Pham TN, editors, The future of accounting and finance: embracing technology, digitalisation, sustainability, education, and employability. Cham: Springer. 2026. p. 145-175. (Sustainable Finance). Epub 2026 Jan 2. doi: 10.1007/978-3-032-03943-9_7

Lessons from corporate scandals: strengthening corporate governance in the fintech era

Abstract

Publication series

UN SDGs

Keywords

Access to Document

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