In today’s digital landscape, financial technology must balance innovation with robust security measures. Thomas Priore, CEO of Priority, has made security a cornerstone of his company’s approach to fintech.

“We’re exceedingly rigorous around our security and our audit process. The way I would describe it is ‘money center bank quality,'” says Priore. This commitment to security has helped Priority establish strong relationships with traditional banks, including Wells Fargo, one of its largest processing partners.

Priority’s approach to security is multifaceted. As a licensed money transmitter in all 50 U.S. states, the company ensures that every transaction is reported to regulatory authorities. “Getting and maintaining those licenses requires significant resources of money and time,” Priore explains, highlighting the company’s commitment to compliance.

The company’s technology infrastructure also reflects this security-first mindset. “When building your product, you need to have made tech decisions early on to have a native stack that’s in the cloud, that’s very agile, that is efficient to make improvements on,” says Priore. “We’ve built with intention to do that, to provide stability and scale.”

This approach has allowed Priority to “punch above its weight” in the fintech industry, competing with larger players while maintaining the highest standards of security and compliance. The company’s focus on security extends to its customer relationships as well, with Priore emphasizing that handling customers’ money is a responsibility that should be taken seriously.

With 4 comprehensive product suites designed to address different aspects of business financial operations, Priority offers solutions that are both innovative and secure. By combining cutting-edge technology with robust security measures, Thomas Priore has positioned Priority as a trusted partner for businesses of all sizes, helping them navigate the complex world of financial technology with confidence.