Synapse

Evolve to Begin Returning Funds to Synapse Brokerage End Users in November

Evolve to Begin Returning Funds to Synapse Brokerage End Users in November
Evolve to Begin Returning Funds to Synapse Brokerage End Users in November
October 23, 2024  |  Digital Banking

Evolve Bank & Trust said Wednesday (Oct. 23) that it expects to begin returning funds it holds to Synapse Brokerage end users impacted by the...

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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....

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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...

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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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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...

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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...

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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...

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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...

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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...

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