July 15, 2024 7:00 AM ET|WSJ Pro For months now, thousands of consumers have been unable to access money they thought was safely deposited in banks....
Four Democratic U.S. Senators Have a Message for Bankrupt FinTech Synapses: Allow your customers to access their deposits. The Four Senators — Chairman of the Senate...
It may be hard to believe, but not long ago, a leading debate in US politics was over how best to regulate reckless financial activity. Until...
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...
Jelena McWilliams, former president of the Federal Deposit Insurance Corporation (FDIC), appointed as Chapter 11 trustee in Synapse bankruptcy. © 2021 Bloomberg Finance LP At least...
The bank accounts of tens of thousands of U.S. businesses and consumers were frozen following the abrupt shutdown failure of financial technology company Synapse, which acts...
The bank accounts of tens of thousands of US businesses and consumers have been frozen following the sudden closure and bankruptcy of financial technology company Synapse,...
getty Bankrupt court proceedings last Friday, lawyers for banking services provider Synapse Financial Technologies said the company’s remaining employees are working feverishly to restore thousands of...
