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VGS congratulates four of our customers, Aspiration, Brex, Gemini, and TrueBill, that made the Forbes' Fintech 50 2021 list of most innovative fintech companies.

Making this prestigious list is no easy feat and puts organizations in the company of notable 'graduates' (aka those who have gone public) like Coinbase and Affirm. We’re not at all surprised to see these four listed, with their focus on innovation extending all the way to security and compliance.

Quo Finance is a mobile subscription app that helps you easily set and achieve your lifestyle and financial goals. CEO Tucker Haas recently sat down with us to discuss the critical role data security plays in their product and why they decided outsourcing would keep customer data safest.

Note: The following has been edited for length and clarity. You can see the full discussion here.

Today, we are excited to announce our participation in Visa Fintech Partner Connect, a program designed to help Visa’s issuing clients quickly connect with a vetted and curated set of technology providers.

Now more than ever, cardholders expect best-in-class experiences from their issuers. Concurrently, issuers have evolved in recent years from exclusively traditional banks with brick and mortar branches to everything from food delivery platforms to crypto exchanges. Couple heightened cardholder expectations and the expanded issuer category with digital acceleration driven by the Covid-19 pandemic, and you have meaningful tailwinds resulting in more personalized and nimble card products.

You can’t have customers in the e-commerce world without collecting personal data. Even processing a credit card for an online purchase using a guest account requires you to collect some personal information and hold it for a certain period of time. When you collect personal information, you’re required to comply with data protection regulations that apply to that information, such as CPRA, LGDP, and GDPR. And ignorance of the law is not an excuse for not complying with the law.

Given the array of threats and vulnerabilities that persist in modern information technology, data security and privacy have become competitive differentiators in today’s marketplace. They provide foundational building blocks for successful and ethical business practices, and they increase customer trust and loyalty over time.

Let’s talk about Personally Identifiable Information (PII). According to the National Institute of Standards and Technology (NIST), “If you collect it, you must protect it.” PII data breaches are defined as inappropriate disclosures, whether lost, stolen, or compromised, and whether the breach was intentional or accidental.

First, let’s start with something you may not realize: Achieving real and conscionable security through SOC 2 compliance has likely never been easier. Thousands of businesses are already turning security into a competitive differentiator. Getting SOC 2-certified is a meaningful way for businesses to establish trust and reassure their clients and partners that their sensitive information is secure. For this reason, and several others we'll dive into, organizations obtain SOC 2 reports earlier in their lifecycle than in previous years.

As divided as the U.S. may be in recent years, there’s at least one issue the vast majority of us seem to agree on: the price of healthcare is out of control.

As healthcare costs continue to inflate faster than other goods or services, healthcare premiums also grow. Whether through an employer or direct, people are often stuck with higher-deductible health plans just to be covered. Out-of-pocket costs for copays or the deductible can result in debt, unpaid bills, or perhaps worst of all, the person choosing not to get care.

Last year was volatile. Many industries struggled, while some found their legs. One space, in particular, found the spark to propel their own business and serve as a support system to the global economy. Meet Buy Now, Pay Later, known as BNPL in the payments industry – an afterpay financing option empowering consumers and merchants alike.

Working from home has been an adjustment for everyone this year. With many new factors to keep in mind, employees have taken on additional responsibilities to create a space that is safe and productive.

Very Good Security wants to help! At VGS, one of our company values is “Empowered to find a way,” meaning the People team has come up with a variety of ways to support our employees so that they can focus on their best work regardless of their location.

In 2010, Laszlo Hanyecz paid 10,000 bitcoins for two pizzas. Today, with one bitcoin selling for over $60k, those same coins are worth over half a billion dollars. Hopefully the delivery guy or gal hung on to those coins!