Synapse

Banking as a Service Faces ‘Slowdown’ as FIs Wait for Regulatory Clarity

Banking as a Service Faces ‘Slowdown’ as FIs Wait for Regulatory Clarity
Banking as a Service Faces ‘Slowdown’ as FIs Wait for Regulatory Clarity
June 21, 2024  |  Bank Regulation

For the banking as a service (BaaS) firms, the Synapse bankruptcy, the cease-and-desist order against Evolve, and the wait for regulatory clarity are all proving...

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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. Get the Full...

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Making Sense of For Benefit Accounts (FBOs) and FinTech’s Future
Making Sense of For Benefit Accounts (FBOs) and FinTech’s Future
June 17, 2024  |  Legal & Regulation

The recent Synapse bankruptcy represents one of the biggest implosions in the FinTech sector’s history. Get the Full Story Complete the form to unlock this...

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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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QED Investors’ Gerety Says BaaS Model May Be Stronger Without Synapse
QED Investors’ Gerety Says BaaS Model May Be Stronger Without Synapse
June 17, 2024  |  Banking

The Synapse bankruptcy saga continues to rock the BaaS world, marked by last week’s revelation of $85 million in missing funds. The plot thickened last...

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Is Former Synapse CEO Already Moving on With a Robotics Startup?
Is Former Synapse CEO Already Moving on With a Robotics Startup?
June 13, 2024  |  Business

To paraphrase a famous F. Scott Fitzgerald quote, there are no second acts in life. Get the Full Story Complete the form to unlock this...

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Synapse’s Specter of Commingled Funds Points to Issues in FinTech, BaaS Governance
Synapse’s Specter of Commingled Funds Points to Issues in FinTech, BaaS Governance
June 12, 2024  |  Legal & Regulation

If there’s a surety in FinTech, and particularly within banking as a service, it’s that there will be more regulations. Get the Full Story Complete...

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FDIC Warnings and ‘False’ Deposit Insurance Claims Spotlight Non-Bank Risks
FDIC Warnings and ‘False’ Deposit Insurance Claims Spotlight Non-Bank Risks
June 11, 2024  |  Consumer Finance

The headlines swirl around Synapse’s bankruptcy and customers’ tales of being frozen out of their accounts. Get the Full Story Complete the form to unlock...

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