Synapse

One Year After Synapse, How Much Have We Really Learned?

One Year After Synapse, How Much Have We Really Learned?
One Year After Synapse, How Much Have We Really Learned?
May 12, 2025  |  Legal & Regulation

Welcome to another edition of Washington Weekly, the series in which PYMNTS CEO Karen Webster and QED Investors partner Amias Gerety start their conversation with...

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Report: Democratic Senators Demand Synapse Records From Federal Reserve
Report: Democratic Senators Demand Synapse Records From Federal Reserve
April 22, 2025  |  Bank Regulation

Four Democratic senators are reportedly demanding the Federal Reserve release records related to last year’s collapse of the FinTech company Synapse. The senators, who include...

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Frozen Funds Still Unresolved as Synapse Bankruptcy Nears Conclusion
Frozen Funds Still Unresolved as Synapse Bankruptcy Nears Conclusion
April 14, 2025  |  Legal & Regulation

The protracted Synapse Financial Technologies bankruptcy is nearing its final stages with a whimper rather than a bang. Late last week (April 10) Trustee Jelena...

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Money Mobility Makes Embedded Banking Payments New Rising Star
Money Mobility Makes Embedded Banking Payments New Rising Star
March 19, 2025  |  Banking

The shakeup and shakeout of banking-as-a-service (BaaS), in the wake of the Synapse bankruptcy last year, has opened up new potential for embedded finance. Money...

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Evolve to Disburse More Funds Tied to Synapse Bankruptcy
Evolve to Disburse More Funds Tied to Synapse Bankruptcy
March 04, 2025  |  Bank Regulation

Evolve Bank & Trust said Tuesday (March 4) that it is set to return some funds to end users impacted by the Synapse bankruptcy but...

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Synapse Collapse Reportedly Target of Criminal Grand Jury Probe
Synapse Collapse Reportedly Target of Criminal Grand Jury Probe
February 20, 2025  |  Legal & Regulation

A grand jury is reportedly probing criminal conduct at bankrupt FinTech firm Synapse. The grand jury has questioned an executive who sounded alarms before the...

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Fed Issues Action Against Lineage Financial Separate from Synapse Case
Fed Issues Action Against Lineage Financial Separate from Synapse Case
December 19, 2024  |  Bank Regulation

The Federal Reserve Board has announced an enforcement action against Franklin, Tennessee-based Lineage Financial Network, the bank holding company of Lineage Bank. The Fed said in a Thursday...

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Report: FDIC Ramps Up FinTech Scrutiny
Report: FDIC Ramps Up FinTech Scrutiny
December 05, 2024  |  Bank Regulation

The Federal Deposit Insurance Corporation (FDIC) reportedly has begun more closely tracking FinTechs that partner with banks, aiming to spot potential problems before they affect...

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