Classaction $5.92M Combined Settlement for 2024 Data Breaches at FinWise Bank and Finastra Technology
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- •FinWise Bank and Finastra Technology settlements total $5.92 million.
- •Approximately 668,000 individuals affected by the FinWise Bank breach.
- •Both settlements offer cash payments and credit monitoring services.
FinWise Bank and Finastra Technology have agreed to settlements totaling $5.92 million to resolve lawsuits over data breaches that occurred in 2024. The FinWise Bank breach, which took place in May 2024, affected approximately 668,000 individuals whose private information was compromised. The Finastra Technology breach occurred between October 31 and November 8, 2024, impacting individuals who were notified of potential data exposure. Both settlements offer cash payments and credit monitoring services to affected individuals. FinWise Bank's settlement provides up to $5,000 for documented losses, while Finastra's settlement offers up to $2,500. Claims for both settlements must be submitted by October 29, 2026, and November 27, 2026, respectively. Final approval hearings for both settlements are scheduled for December 2026.
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