I am 1,000,000% sure that many fintech companies are taking security very, very seriously (I am Stripe customer myself). But I don't think that has anything to do with statement "we are heavily regulated, and audited" - that is too funny.
In the wake of every scandal in finance is a wave of regulations. Finance is one of the most heavily regulated industries the is. That smart people keep finding new areas that haven't yet been regulated doesn't mean that the existing areas agent heavily regulated and audited.
If you give me $5, and then I pass it on to Bob for you, how many licenses and how much paper work do you think I should need to do that if I did that as a business? If you give me some money and I am a business, how much paperwork should that incur?
They could work for the Plaid or Stripe which are pretty known for taking proactive security very serious.
https://security.plaid.com/
https://docs.stripe.com/security
I am 1,000,000% sure that many fintech companies are taking security very, very seriously (I am Stripe customer myself). But I don't think that has anything to do with statement "we are heavily regulated, and audited" - that is too funny.
In the wake of every scandal in finance is a wave of regulations. Finance is one of the most heavily regulated industries the is. That smart people keep finding new areas that haven't yet been regulated doesn't mean that the existing areas agent heavily regulated and audited.
If you give me $5, and then I pass it on to Bob for you, how many licenses and how much paper work do you think I should need to do that if I did that as a business? If you give me some money and I am a business, how much paperwork should that incur?
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