evolve

Synapse BaaS Platform Slated for Bankruptcy Sale
Synapse BaaS Platform Slated for Bankruptcy Sale
October 27, 2024  |  Connected Economy

 The assets of bankrupt Banking-as-a-Service (BaaS) provider Synapse are going up for sale next month. B Riley Advisory Services, the group handling the sale, announced...

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Yotta Alleges Theft of Customer Funds in Evolve Lawsuit
Yotta Alleges Theft of Customer Funds in Evolve Lawsuit
September 18, 2024  |  Legal

The continued fallout from the collapse of Synapse Financial Technologies has heightened the discussion — and regulatory examination — of how end-user and various types...

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Dem Senators to Synapse: Let Customers Access Deposits
Dem Senators to Synapse: Let Customers Access Deposits
July 02, 2024  |  Politics

Four Democratic U.S. Senators have a message for bankrupt FinTech Synapse: Let your customers get access to their deposits. The four senators — Senate Banking...

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Evolve Confirms Ransomware Hack as Challenges Grow at FinTech Partner Bank
Evolve Confirms Ransomware Hack as Challenges Grow at FinTech Partner Bank
June 27, 2024  |  Cybersecurity

It’s been a bad month for Evolve Bank & Trust, and it’s only getting worse. Following a “cease and desist” order issued to the bank...

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Thredd CEO Counts on Regulators to Address Vulnerabilities of Banking as a Service
Thredd CEO Counts on Regulators to Address Vulnerabilities of Banking as a Service
June 21, 2024  |  Banking

The relationships between FinTechs, banks and neobanks has been placed under a harsh spotlight with the recent revelations around the Synapse bankruptcy. The reaction from...

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Evolve Was Served a Cease-and-Desist Order — Now What?
Evolve Was Served a Cease-and-Desist Order — Now What?
June 17, 2024  |  Bank Regulation

The Federal Reserve Board issued a “cease and desist” order against Evolve Bancorp and its subsidiary, Evolve Bank & Trust, that may have a chilling effect...

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Partnerships Hold Sway as FinTech IPO Index Slips 1% 
Partnerships Hold Sway as FinTech IPO Index Slips 1% 
January 12, 2024  |  Fintech Investments

Mixed performances across the FinTech IPO Index brought about a negative 1% return through the past week. The specter of interest rates staying lofty for...

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Evolve Taps Affirm to Provide Pay-Over-Time Options to Travelers
Evolve Taps Affirm to Provide Pay-Over-Time Options to Travelers
January 10, 2024  |  Buy Now Pay Later

Evolve, a vacation rental hospitality company, has partnered with payment network Affirm to provide pay-over-time options to travelers. Affirm will be the exclusive pay-over-time partner of Evolve,...

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Today in the Connected Economy: Meta Seeks Piece of Indian eCommerce Market
Today in the Connected Economy: Meta Seeks Piece of Indian eCommerce Market
August 29, 2022  |  Connected Economy

Today in the connected economy, Meta launches a partnership with Indian eCommerce firm JioMart to let shoppers buy groceries using WhatsApp. Plus, Jio parent Reliance...

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