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0.00660066006600675 0.00660066006600675 0.00660066006600675 0.0115511551155116 -0.00660066006600646 -0.00990099009900984 -0.00990099009900984 -0.00990099009900984
Stock impact report

Fintech is likely to face increased scrutiny after Evolve hack [Fortune]

NN, Inc. (NNBR) 
Last nn, inc. earnings: 3/12 07:25 pm Check Earnings Report
US:NASDAQ Investor Relations: investors.nninc.com
Company Research Source: Fortune
Stripe , Branch, Dave, and EarnIn among its customers. And now at least some of these high-profile fintechs have been affected by the data breach. Wise, which worked with Evolve between 2020 and 2023, has said that it's possible some of its customers have been affected. Mercury also said on social media that it has been affected by the breach, and has accordingly informed customers. It doesn't help matters that Evolve has been tied up in the messy bankruptcy proceedings of Synapse , a BaaS company that was backed by the likes of Andreessen Horowitz and 500 Global. The two companies were twisted together in a partnership—and the dissolution has been ugly, with both sides alleging mismanagement in court. And though Synapse isn't expressly linked to Evolve's data breach, it's another piece in the puzzle of just how deep problems at Evolve seem to run. Here's another piece: In June, the Federal Reserve demanded Evolve improve its risk management systems around fintech partnerships. Show less Read more
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