Synapse's collapse has frozen nearly $160M from fintech users - here's how it happened | TechCrunchSynapse's bankruptcy highlights the vulnerability of interdependent fintech partnerships, impacting many firms and their clients, leaving substantial deposits inaccessible.
Facing the new normal: How BaaS players can meet rising industry standards and still maintain strong relationships - Tearsheet2024 continues to present challenges for the BaaS sector, following significant bank failures and the rise of compliance scrutiny.
What BaaS companies learned the hard way in 2024 - and what's coming next - TearsheetBaaS faced significant challenges in 2024, prompting fintechs and partner banks to reassess their relationships and compliance practices.
Synctera is the latest banking-as-a-service startup to lay off staff | TechCrunchSynctera, a BaaS startup, underwent a restructuring resulting in a 15% reduction in staff.Investors in Synctera include National Bank of Canada, Lightspeed Venture Partners, and others.
Synapse's collapse has frozen nearly $160M from fintech users - here's how it happened | TechCrunchSynapse's bankruptcy highlights the vulnerability of interdependent fintech partnerships, impacting many firms and their clients, leaving substantial deposits inaccessible.
Facing the new normal: How BaaS players can meet rising industry standards and still maintain strong relationships - Tearsheet2024 continues to present challenges for the BaaS sector, following significant bank failures and the rise of compliance scrutiny.
What BaaS companies learned the hard way in 2024 - and what's coming next - TearsheetBaaS faced significant challenges in 2024, prompting fintechs and partner banks to reassess their relationships and compliance practices.
Synctera is the latest banking-as-a-service startup to lay off staff | TechCrunchSynctera, a BaaS startup, underwent a restructuring resulting in a 15% reduction in staff.Investors in Synctera include National Bank of Canada, Lightspeed Venture Partners, and others.
How to run a BaaS relationship, a guide for fintechs and banks - TearsheetThe BaaS industry is undergoing significant reorganization due to regulatory pressures and failures, leading to the need for clearer banking-fintech partnerships.
Robinhood's new Gold Card, BaaS challenges and the tiny startup that caught Stripe's eye | TechCrunchRobinhood launched a new Gold Card with 3% cash back and 5% APY on savings.BaaS startups like Synctera faced challenges with layoffs; FDIC consent orders issued to banks for fintech compliance.