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fintech security
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- 1Mercury CEO says bank charter is fintech's top priority▼Charter must be ‘top priority’ for fintechs pursuing it: Mercury exec The fintech has always wanted a charter, according
Mercury CEO Jon Auxier says obtaining a bank charter has long been a goal for the fintech and is now its top priority, telling industry publication Banking Dive that "now is the right moment to go after it" after years of groundwork. His comments signal growing ambition among fintechs to secure federal banking status, a move that would let them operate with fewer reliance on partner banks and greater regulatory standing.
- 2DriveWealth Data Breach Exposes Personal Data of 62,074●DriveWealth Data Breach Affects 62,074: PII Exposed
DriveWealth, a US-based investment infrastructure firm, has disclosed a data breach affecting 62,074 people whose personally identifiable information was exposed. The company provides trading technology to brokerages and fintech apps, raising concerns about how the incident may ripple through its partners. Details on what data was taken and how remain limited as the company investigates.