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A data breach has created a ruckus reverberating through fintech—and reinforcing just how interconnected the sector's ecosystem really is. These are the facts: On June 26, Evolve Bank & Trust ...
To add to its recent challenges, Evolve said this past Wednesday that some customer data was illegally spread on the dark web as a result of "a cybersecurity incident involving a known ...
A dispute between a fintech startup and its banking partners has ensnared potentially millions of Americans, leaving them without access to their money for nearly two weeks, according to recent ...
"Fintech", a clipped compound of "financial technology", refers to the application of innovative technologies to products and services in the financial industry.This broad term encompasses a wide array of technological advancements in financial services, including mobile banking, online lending platforms, digital payment systems, robo-advisors, and blockchain-based applications such as ...
Evolve Bank & Trust, formerly First State Bank, [4] is an American bank headquartered in West Memphis, Arkansas. It is best known since 2010 for partnering with fintech companies to offer banking services to their customers. [3] Evolve has been recognized multiple times as an Inc. 5000 company [5] and has also received several honors from Top ...
The CEO of Yotta Savings – a fintech company which relied on Synapse to manage customer deposits – released financial data in November 2024 showing that 13,725 former customers lost deposited money due to the Synapse bankruptcy. They were refunded $11.8 million, a fraction of their $64.9 million deposits.
In a post on social media platform X, Mercury said Evolve's security breach included some account numbers and deposit balances associated with the fintech company and that affected customers have ...
Shark Tank star Mark Cuban led a $3 million seed investment round in the company, saying he was crushed by overdraft fees in his twenties. The CEO of Dave, Jason Wilk, [10] was the former creator of AllScreen, a company which was also originally funded by Cuban, who put in a $300,000 investment.