The Crash and Failure of BaaS Fintech Synapses revealed how dangerous things can be for the often interdependent fintech world when a key player runs into...
When Natasha Craft first received a Iotta bank account in 2021, she liked using it so much that she asked her friends to sign up. The...
It’s been a bad month for Evolve Bank and Trustand it’s only getting worse. Following a “cease and desist” order. released to the bank on June...
In many ways, it was the summer of cyber attacks AND data breaches. And with the news Russia-linked Lockbit ransomware gang claims to have stolen 33...
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...
THE Federal Reserve Board issued a “cease and desist” order against Evolve Bancorp and its subsidiary, Evolve Bank & Trust, which could have a chilling effect...
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...
THE collapse of Synapse represents a serious blow to fintech. The horrifying stories coming out about frozen money for mortgage down payments, college funds, teen savings...
