Synapse

Cross River CEO: FDIC Proposed Rule Would Protect Bank-FinTech Model
Cross River CEO: FDIC Proposed Rule Would Protect Bank-FinTech Model
October 22, 2024  |  Bank Regulation

Cross River Founder and CEO Gilles Gade has spoken out in favor of the Federal Deposit Insurance Corp.’s (FDIC) proposed requirements for custodial deposit accounts....

READ MORE >
Evolve to Return Funds to Synapse Brokerage End Users
Evolve to Return Funds to Synapse Brokerage End Users
October 20, 2024  |  Banking

Evolve Bank & Trust said Saturday (Oct. 19) that it is preparing to return funds held at Evolve to Synapse Brokerage end users impacted by...

READ MORE >
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...

READ MORE >
Synapse Bankruptcy Update: Court Filing Reveals Slow Progress on Releasing End User Funds
Synapse Bankruptcy Update: Court Filing Reveals Slow Progress on Releasing End User Funds
September 16, 2024  |  Legal

The latest court filing from the trustee overseeing the Chapter 11 bankruptcy of Synapse Financial Technologies illustrates the progress — months in the making, incremental...

READ MORE >
Prize-Linked Neobank PrizePool Shutters App Ahead of Acquisition
Prize-Linked Neobank PrizePool Shutters App Ahead of Acquisition
August 25, 2024  |  Digital-First Banking

 Neobank PrizePool is reportedly shutting down its consumer app amid an acquisition. Get the Full Story Complete the form to unlock this article and enjoy...

READ MORE >
Synapse-Connected Banks Reportedly Closer to Releasing Customer Funds
Synapse-Connected Banks Reportedly Closer to Releasing Customer Funds
July 11, 2024  |  Banking

Banks connected to the collapse of Synapse are reportedly close to recovering customers’ frozen funds. Get the Full Story Complete the form to unlock this article and...

READ MORE >
FDIC Warnings on Nonbanks Point to Gaps in Deposit Insurance
FDIC Warnings on Nonbanks Point to Gaps in Deposit Insurance
July 10, 2024  |  Digital Banking

They say there are no guarantees in life. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

READ MORE >
Synapse Trustee Fights to Retain Crucial Data
Synapse Trustee Fights to Retain Crucial Data
July 03, 2024  |  Legal

The Synapse bankruptcy case had another court hearing on Wednesday (July 3), this one with consumers testifying to their financial losses and another status report...

READ MORE >
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: Get the Full Story Complete the form to unlock this article and enjoy unlimited...

READ MORE >