Evolve Bank & Trust said Wednesday (Nov. 27) that the “vast majority” of end user funds related to the Synapse Financial Technologies bankruptcy that were once held by Evolve were moved by Synapse to other banks about a year ago, before the bankruptcy. Get the...
The assets of bankrupt Banking-as-a-Service (BaaS) provider Synapse are going up for sale next month. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter,...
The continued fallout from the collapse of Synapse Financial Technologies has heightened the discussion — and regulatory examination — of how end-user and various types of accounts are handled as FinTechs and banks join forces. Get the Full Story Complete the form to unlock this...
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 free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By completing...
September 18, 2024
The continued fallout from the collapse of Synapse Financial Technologies has heightened the discussion — and regulatory examination — of how end-user and various types of accounts are handled as FinTechs and banks join forces. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content […]
June 21, 2024
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 Story Complete the form to...
June 17, 2024
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 on bank-FinTech partnerships. Get the...
January 12, 2024
Mixed performances across the FinTech IPO Index brought about a negative 1% return through the past week. Get the Full Story Complete the form to unlock this article and enjoy...
February 20, 2025
A grand jury is reportedly probing criminal conduct at bankrupt FinTech firm Synapse. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By completing this form, you agree to receive marketing communications […]
November 27, 2024
Evolve Bank & Trust said Wednesday (Nov. 27) that the “vast majority” of end user funds related to the Synapse Financial Technologies bankruptcy that were once held by Evolve were...
October 27, 2024
The assets of bankrupt Banking-as-a-Service (BaaS) provider Synapse are going up for sale next month. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
July 02, 2024
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 free access to all PYMNTS...
