Synapse

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

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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Synapse Hearing Highlights Frustration With Banking-as-a-Service Complexities
Synapse Hearing Highlights Frustration With Banking-as-a-Service Complexities
June 10, 2024  |  Legal

The drama surrounding the Synapse Financial bankruptcy continued Friday (June 7) with an afternoon court hearing in California’s Central District Bankruptcy Court, although the case...

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Synapse Bankruptcy Trustee Finds $85 Million ‘Shortfall’ Amid Tangled Web of Accounts
Synapse Bankruptcy Trustee Finds $85 Million ‘Shortfall’ Amid Tangled Web of Accounts
June 07, 2024  |  Legal

Former Federal Deposit Insurance Corp. Chair Jelena McWilliams will present her initial findings as trustee of Synapse’s Chapter 11 bankruptcy case Friday afternoon (June 7)....

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Dave CEO: Cash Flow-Based Underwriting Critical to Helping Paycheck-to-Paycheck Consumer
Dave CEO: Cash Flow-Based Underwriting Critical to Helping Paycheck-to-Paycheck Consumer
June 05, 2024  |  Digital-First Banking

It’s been quite a year so far for FinTechs in general and neobanks in particular. However, Jason Wilk, CEO of digital banking app Dave, doesn’t...

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FDIC Notes More ‘Problem’ Banks; Sparks Debate Over Deposit Insurance
FDIC Notes More ‘Problem’ Banks; Sparks Debate Over Deposit Insurance
June 03, 2024  |  Banking

The Federal Deposit Insurance Corp.’s (FDIC) first-quarter assessment on the banking industry takes note of several trends: Get the Full Story Complete the form to...

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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. Get the Full Story Complete the form to unlock this...

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This Week in B2B Innovation: Embedded Experiences, AI and Leverage
This Week in B2B Innovation: Embedded Experiences, AI and Leverage
May 30, 2024  |  B2B Payments

Digital is a one-way street. And that street is being populated by B2B firms who aren’t looking back after embracing digital innovation to both compete...

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Synapse’s Downfall Provides Hard Lessons for Its B2B Partners
Synapse’s Downfall Provides Hard Lessons for Its B2B Partners
May 30, 2024  |  Business

A chain is only as strong as its weakest link, as the saying goes. And as the fallout from Synapse’s chaotic bankruptcy continues, containing the...

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