Baas

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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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. The ongoing mess at the banking-as-a-service (BaaS) platform has affected...

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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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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. It’s likely that there will...

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Savings App Yotta Says 85,000 Accounts Caught in Synapse Meltdown
Savings App Yotta Says 85,000 Accounts Caught in Synapse Meltdown
June 02, 2024  |  Banking

The impact of Synapse’s bankruptcy continues to spiral outward, extending now to FinTech startup Yotta. For the past three weeks, 85,000 of the company’s customers...

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Synapse Saga Emphasizes Tangled Web Between FinTechs, Middlemen and Sponsor Banks
Synapse Saga Emphasizes Tangled Web Between FinTechs, Middlemen and Sponsor Banks
May 10, 2024  |  Partnerships

In biology, a synapse is essentially a conduit, a place in the brain where neurons connect and communicate. In financial services, the recent news that...

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Thredd CEO: Compliance Will Define Future of Payments
Thredd CEO: Compliance Will Define Future of Payments
April 25, 2024  |  Payments Innovation

Whenever you see a successful business, someone once made a courageous decision. That quote, by management consultant Peter F. Drucker, holds more true today than...

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TabaPay to Acquire Assets of Bankrupt FinTech Synapse
TabaPay to Acquire Assets of Bankrupt FinTech Synapse
April 21, 2024  |  Partnerships

Instant money movement platform TabaPay is acquiring Synapse’s assets following the latter company’s bankruptcy. The deal, announced Friday (April 19), will allow TabaPay to offer new financial services for FinTechs and...

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Green Dot Names Marqeta Vet Renata Caine as BaaS Lead
Green Dot Names Marqeta Vet Renata Caine as BaaS Lead
April 15, 2024  |  Personnel

Green Dot has named payments industry veteran Renata Caine as its new Banking-as-a-Service (BaaS) general manager. Caine previously worked at Marqeta and at the commercial payments division of WEX, the...

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