Jul 24, 2026 · 6 min
SAP surges on cloud growth while Volkswagen and Wise face setbacks
SAP Gains, VW Falls, Wise Drops
Understanding these market shifts reveals how regulatory compliance, Chinese competition, and cloud migration are actively reshaping Europe's biggest corporations.
- 1SAP SE eased AI spending fears with a major surge in cloud backlog growth as customers migrate to newer platforms.
- 2Volkswagen faces mounting pressure on its restructuring plans due to a deepening sales slump and fierce competition in China.
- 3Wise shares fell sharply following US regulatory rejection of its national trust bank application over compliance concerns.
Don't miss
Chloe Melley breaks down the compliance concerns that led US regulators to reject Wise's national trust bank application.
The brief
European markets are seeing sharp divergence as corporate giants navigate tectonic shifts in tech migration, global automotive competition, and international regulatory hurdles.
Software giant SAP SE surged on strong cloud backlog growth, reassuring investors that enterprise software spending remains resilient despite broader anxieties around artificial intelligence investments.
Meanwhile, Volkswagen faces a deepening sales slump and intense competition from local electric vehicle manufacturers in China, putting severe pressure on the German automaker's restructuring plans.
Fintech darling Wise suffered a major setback in the United States after federal regulators rejected its national trust bank application over anti-money laundering compliance concerns.
What was said on this episode
8 statements · 2 positive · 6 negative
SAP’s older-software support ending is accelerating customer migration to cloud services
“the migration of customers to the cloud instead has been accelerating as a result”
Listen at 1:14
SAP’s stronger cloud sales indicate a more resilient business
“this points to a much more resilient picture for SAP”
Listen at 1:42
SAP customers question the value and quality of its AI tools
“customers have questioned the value and the quality of those”
Listen at 1:56
Chinese carmakers are intensifying competition for Volkswagen in China and Europe
“there's a lot of competition that Volkswagen and other European manufacturers are facing from those local Chinese carmakers in China, but then also in Europe”
Listen at 2:20
US banking regulators rejected Wise’s national trust bank application
“that is because the US Banking regulator has rejected Wise's application to become a national trust bank”
Listen at 3:26
Regulatory rejection is a major setback for Wise’s US expansion strategy
“that's a big setback for Wise because the company strategy has been really hing on this expansion in the US Market”
Listen at 3:32
Wise paid a $4.2 million penalty in a US anti-money-laundering case
“Wise had to pay a $4.2 million penalty”
Listen at 4:02
Wise’s US expansion strategy may be delayed after regulatory rejection
“there might be some delay there and they might delay this, this strategy of really expanding in the US Market”
Listen at 4:19
Statements are attributed to the speaker as said on the episode and reflect their view at the time, not PodLume's. They are not advice.
Featuring
Anti-money laundering complianceListen to the full episode and explore every guest, topic, and moment on PodLume.