I appreciate all of your feedback so far. It is incredibly helpful. Everyone in this room is so much smarter than I am so thank you for helping point me in the right direction. And of course if anyone wants to contribute, I would love nothing more than that.
I totally get the benchmark is arbitrary for most usecases. I have gone back and forth on how to benchmark this, what's repeatable, what's fair, etc... What you see is largely me building something that lets me test performance, and rendering 10k rows with no virtualization is deliberately the dumbest possible case, it's a stress test, not a recommendation.
Largely the difference, as I am aware of those two options. They build on the traditional DOM. I took this approach, and as I was attempting to speed processes up I was consistently running into issues where I was beholden to C++ and Blink. The more I tried to beat Svelte, it seemed that I was hitting limitations with traditional web architectures, javascript and the DOM itself. They are fantastic options. I support writing Rust everywhere. But I was kind of over the many issues with JS (security, performance limitations, etc...). I had a vague curiosity about the ability to abandon the traditional DOM, thoughts on WASM and long story short I went for it. So what you are seeing is not a traditional DOM, inspect the demo page and compare it to the Svelte demo. I built my own DOM, but when you compile Nectar it automatically gets picked up as a traditional DOM by screen readers and SEO (this still needs some love). Initial loads, I am still really struggling with, but sorts and filters are quite performant.
Regarding FBOs, that is exactly what is happening with Synapse/Evolve. Customer funds and corporate funds were all comingled and reconciled across an inaccurate ledger held within an FBO. Whether the inaccuracies belong to the bank, or to Synapse is where the debate lies. What is also incredibly suspect in this case is that Mercury was able to transfer (IIRC) 49 million USD of money from Synapse's established FBO with Evolve to Evolve directly (under the ownership of Mercury). The ability for Mercury to have moved these funds is a massive red flag.
Regarding regulators and obligation -- in any of these relationships the bank is ultimately responsible/liable for any AML/TFL, money, etc... irregularities. A BaaS provider can effectively do everything wrong to the point its underlying bank is shut down, and switch to a different partner bank.
This gets into the nuances of fintech, BaaS and neo-banking. A consumer cannot reasonably be expected to understand these. The industry and regulators have effectively stated as such. Your money is, indeed, technically FDIC insured to 250k. It is not insured against the collapse of an intermediary party such as Mercury. FDIC insurance ONLY covers the collapse of a chartered US bank.
Mercury itself is not FDIC insured. If Mercury collapses, your money is not insured. If Evolve collapses, your money is insured. That's the official stance.
The majority of the banking industry is built on Cobol. Open Banking is the only real path forward. The issue of the US vs EU open-banking is the number of community banks.
The, unfortunate, most reliable banks from a technology/data perspective are ones that are large enough to be loathsome to deal with. Think JP Morgan, BoA.
Even banks of that size, Comerica, have had massive ledgering issues recently, so they are not immune.
Some reputable players in the BaaS industry are Unit, JP Morgan, Jack Henry, Moov(Massive plug for them), VGS (works with Visa and MC btw). If your neo-bank works with them, I would trust my money there. I do trust my money with one of those partners.
Is now afraid to get on my motorcycle today. If you linked an external account, then most likely. However, it is my understanding that Mercury had a very relaxed KYC and I would suppose their user are not impacted by external accounts. The more likely victim of external accounts are B2B participants of partners of Evolve. This would most likely be true for Shopify. FWIW, routing numbers are public.
Other data included in the hack is Evolve's emails in the form of outlook data files. Affirm is another definite impacted individual. VA loan data is probably also included in this hack.
The data breach did not cause the collapse of Synapse. Synapse has been a slow rolling collapse for the past 2ish years due to horrible management. Ultimately Synapse imploded when Mercury left Synapse as a BaaS provider to partner directly with Evolve BT. The Synapse collapse definitely put Evolve into the spotlight as someone with a ton of turmoil, lack of sufficient oversight and insufficient technological governance.
Evolve is an otherwise obscure bank chartered in Arkansas but headquartered in Tennessee (a little sketchy) that has over-leveraged itself. This is why it was hit with a Cease and Desist from the FDIC. The C&D also probably contributed to them becoming a target for LockBit.
Evolve is also the underlying bank for Stripe Treasury, although to my knowledge, their have been no new partnerships with them. I have heard the number 2 thrown around. Of note, Shopify is the main person for whom this was built and uses this.
Consequently if you have submitted KYC/KYB information for Shopify, Mercury, Yotta, Dave, any other past Synapse partners, or some Modern Treasury partners your data was breached. This seems to be the primary information shared along with account and routing numbers. This becomes problematic especially as part of the check involves external account and routing numbers along with SSN of any UBOs.
Fintechs do not partner with small banks because of debit card fees but because of Dodd Frank regulations (primarily).
Pitons are something I think are already controversial enough. Necessary in some rock types to enable climbing...but that's a debate for another day. I would say I lean to, only if necessary. Via Ferratas make me cringe and am wholeheartedly opposed.
This, I got hit by a car on my lunch break two weeks ago. I've been riding for 30 years + now and this is the first time that's happened, but all it takes is once. MTB is fun, but injuries are more frequent. Motorcycles and racetracks are really fun, but they have their own risks. 2 wheels is magical though.