Mmastodon BusinessBanking first seen 18 h ago, last 25 min ago, peak #4

Mercury 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 has always wanted a bank charter and that "now is the right moment to go after it," calling a charter a top priority for fintechs pursuing one. The statement comes after years of work by the company toward obtaining a banking charter.

Why now: Fintech firms seeking banking charters is a live industry topic as regulatory conditions may be shifting.

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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