Evolve Bank and Trust - FINCRYPTO.TECH

Evolve Confirms Ransomware Attack as Challenges Grow

Evolve Confirms Ransomware Attack as Challenges Grow

It’s been a bad month for Evolve Bank and Trustand the situation only gets worse. Following a “cease and desist” order. released to the bank on...

FinTech Evolve Bancorp hit by severe ransomware attack

Fintech7 months ago

FinTech Evolve Bancorp hit by severe ransomware attack

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...

Will the evolution reduce partnerships between banks and FinTechs?

Fintech7 months ago

Will the evolution reduce partnerships between banks and FinTechs?

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...

Yotta claims that 85,000 accounts are affected by the synapse collapse

Fintech8 months ago

Yotta claims that 85,000 accounts are affected by the synapse collapse

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...

Five things to watch as Synapse failure rocks FinTechs

Fintech8 months ago

Five things to watch as Synapse failure rocks FinTechs

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...

Federal banking regulators won't bail out Fintech customers caught up in Synapse's bankruptcy

Fintech8 months ago

Federal banking regulators won’t bail out Fintech customers caught up in Synapse’s bankruptcy

getty Federal banking regulators will not intervene to save the thousands of fintech customers who have lost access to their money due to the banking service...

Judge says up to 20 million fintech 'depositors' at risk of Synapse failing

Fintech8 months ago

Judge says up to 20 million fintech ‘depositors’ at risk of Synapse failing

getty The implosion of the banking-as-a-service pioneer Synapse financial technologies is casting a harsh and unflattering light on a key link that has enabled the growth...

Intricate network with FinTechs, intermediaries, banks

Fintech9 months ago

Intricate network with FinTechs, intermediaries, banks

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...