There is an $85 million shortfall between what partner banks of fintech middleman Synapse are holding and what depositors are owed, according to the court-appointed trustee in the Synapse bankruptcy.
“If a fintech partner went bankrupt or had other issues, we are in control of those deposits,” said Teri Hodgett, chief risk officer at Sunrise Banks, at left. Reid Whiting, chief banking officer of ...
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Razer Synapse 4 finally turns into the app we always wanted it to be, as its lengthy beta period comes to an end
After a period in beta, the latest version of Razer Synapse is now ready for prime time and available now. Razer Synapse 4 is a significant improvement on previous versions, with a UI overhaul, ...
How can we ensure Synapse is the last instance when a middleware banking-as-a-service (BaaS) partnership implodes? Millions of Americans use neobank accounts to hold their deposits and make payments, ...
Last week, lawyers for the banking-as-a-service startup told a judge that the company, which had been serving 100 fintechs with 10 million customers, was working around the clock to wind down and ...
Nine-year-old Synapse Financial Technologies has long been a leader in banking-as-a-service, a niche of software providers offering startups a streamlined way to make use of financial infrastructure ...
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