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Mercury CEO says bank charter is fintech's top priority

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

Mercury Bank CEO Jon Auxier said pursuing a bank charter must be the 'top priority' for fintechs seeking one, stating the company has always wanted a charter and that after years of preparation, 'now is the right moment to go after it.' The comments signal growing momentum among fintech firms seeking regulatory standing.

Why now: Mercury's public push for a bank charter highlights rising fintech interest in direct banking regulation.

Mercury BankJon Auxier

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Evidence

• 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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