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747 JPMorgan Raised Concerns About Fintech Viva Wallet With Bank of Greece

The Information
Michael Roddan @ The Information · 02/15/2024 13:11 EDT

JPMorgan Raised Concerns About Fintech Viva Wallet With Bank of Greece

JPMorgan approached Greece’s central bank last year with concerns about “serious governance failings” at Viva Wallet, a Greek fintech company it partly owns, as well as “misconduct” of the firm’s chief executive and co-founder Haris Karonis, according to allegations filed in a U.K. court.

In a lawsuit filed Wednesday, JPMorgan sued a firm controlled by Karonis and his Viva Wallet co-founder, who between them control 51.5% of Viva Wallet. It alleged that Karonis sought to deny JPMorgan’s shareholder rights.

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