The bankruptcy of Synapse illustrates the severe consequences that can arise in the interconnected fintech ecosystem, where the downfall of one key player affects many.
Regulatory clarity is increasingly viewed as essential for the fintech industry, particularly following the collapse of Synapse, which harmed numerous startups and consumers.
Analysts are emphasizing the necessity for fintech companies to uphold stringent operational and compliance standards to prevent similar problems in the future.
The discussion featuring industry leaders sheds light on the lasting impacts of the Synapse collapse, which could shape the future operational landscape of banking-as-a-service.
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