2024 is quickly becoming the summer of consent orders for smaller banks. This is because, with the news Friday (June 28) based in Tennessee Discussion Bancorp...
One of the themes of PYMNTS’ monthly “What’s Next in Payments” series is that the Banking-as-a-Service (BaaS) model is under pressure right now. Synapses declared failureWhile...
The recent Synapse failure represents one of the largest implosions in the history of the FinTech sector. The ongoing chaos on the Banking-as-a-Service (BaaS) platform has...
If there is one guarantee in FinTech, and particularly in banking as a service, it is that there will be more regulations. There is likely to...
The impact of Synapses bankruptcy continues to spiral, now extending to FinTech startups Yotta. In the last three weeks, 85,000 of the company’s customers hold a...
At the time of writing, Tuesday (May 28), the ripple effects of Synapses‘s failure continues to ripple. But with every statement, with reports that customers can’t...
In biology, a synapse is essentially a conduit, a place in the brain where neurons connect and communicate. In financial services, recent news that TabaPay would...
