Mmastodon BusinessBanking first seen 8 h ago, last 20 min ago, peak #4

Mercury CEO says bank charter is top priority for fintechs

Original: Charter must be ‘top priority’ for fintechs pursuing it: Mercury exec The fintech has always wanted a charter, according

Mercury CEO Jon Auxier says the fintech is making a national bank charter its top priority, stating the company has long wanted one and that "now is the right moment to go after it" after years of groundwork. The comments signal that charter applications remain a strategic focus for fintechs seeking to operate as regulated banks rather than relying on partner banks.

Why now: The CEO publicly confirmed the company's push for a banking charter, a significant regulatory move in the fintech sector.

MercuryJon Auxier

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• Charter must be ‘top priority’ for fintechs pursuing it: Mercury exec The fintech has always wanted a charter, according to Mercury Bank CEO Jon Auxier. After years of hard work, “now is the right moment to go after it.” https://www. bankingdive.com/news/charterin… · AlexJimenez@mas.to · 1

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