Synapse

Synapse Trustee McWilliams Details New Challenges in Latest Status Report

Synapse Trustee McWilliams Details New Challenges in Latest Status Report
Synapse Trustee McWilliams Details New Challenges in Latest Status Report
June 24, 2024  |  Legal & Regulation

It’s one step up and two steps back in the case of Synapse Financial’s bankruptcy, with the court-appointed trustee reporting progress Friday (June 21) in...

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Banking as a Service Faces ‘Slowdown’ as FIs Wait for Regulatory Clarity
Banking as a Service Faces ‘Slowdown’ as FIs Wait for Regulatory Clarity
June 21, 2024  |  Bank Regulation

For the banking as a service (BaaS) firms, the Synapse bankruptcy, the cease-and-desist order against Evolve, and the wait for regulatory clarity are all proving...

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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. Get the Full...

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

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Evolve Was Served a Cease-and-Desist Order — Now What?
Evolve Was Served a Cease-and-Desist Order — Now What?
June 17, 2024  |  Bank Regulation

The Federal Reserve Board issued a “cease and desist” order against Evolve Bancorp and its subsidiary, Evolve Bank & Trust, that may have a chilling effect...

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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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Is Former Synapse CEO Already Moving on With a Robotics Startup?
Is Former Synapse CEO Already Moving on With a Robotics Startup?
June 13, 2024  |  Business

To paraphrase a famous F. Scott Fitzgerald quote, there are no second acts in life. Get the Full Story Complete the form to unlock this...

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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. Get the Full Story Complete...

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