NQ BANK - Unicorns of Silly ValleyHmmm... 4100 just couldn't hold... 4104to be exact.
Try as they might these Junk Banks are laden with Toxic trash.
Chocked full of Nutters.
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Regulators gave them a pass - heavily easing reporting of these
Junk Banks, since data only needed to be provided in a prescribed
format exactly ONE Time.
Inaccurate data submissions, Security interface protection, and IT
instability... common excuses.
Operational Risk, yeah kinda high given the current environment.
SoFi is another example of Data Agg, gone wildly wrong.
Caught in many inappropriate and non-compliant use of their technologies,
took its toll.
Simply, the beginning of the horror show.
