Synapse Financial Technologies

10 results about this entity

Period: 05 Sep 2018 - 28 Nov 2024

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Synapse fallout: partner banks face lawsuit

The fallout from the collapse of Synapse continues, with several partner banks facing a lawsuit alleging mishandling of customer funds, and one of those banks insisting that end user funds it once held were moved by the BaaS platform before it went bankrupt.

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FDIC plans to strengthen custodial deposit rules following Synapse collapse

In the wake of the collapse of fintech Synapse, a US regulator has outlined plans to strengthen recordkeeping requirements for bank deposits received from third party companies on behalf of their customers.

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Synapse fallout leaves 85,000 Yotta customers locked out of accounts

Savings app Yotta says 85,000 customers have been locked out of their accounts for three weeks because of the collapse of BaaS platform Synapse.

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Synapse fallout leaves Copper customers unable to access funds

The collapse of BaaS platform Synapse has forced teen finance app Copper to suddenly discontinue its bank deposit accounts and debit cards, leaving some customers unable to access their funds.

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TabaPay ditches plan to buy assets of bankrupt BaaS firm Synapse

Money moving fintech TabaPay has pulled out of a deal to buy the assets of bankrupt Banking-as-a-Service platform Synapse.

/payments

TabaPay to acquire assets of bankrupt BaaS provider Synapse

Money moving platform TabaPay is to acquire the rival assets of bankrupt Banking-as-a-Service platform Synapse.

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Synapse lays off 40% of workforce after major client defects

US-based Banking-as-a-Service startup Synapse has laid of 40% of its workforce after losing a major client.

The Future of Digital Banking in North America 2023

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Synapse raises $33 million to build the 'AWS of banking'

Synapse, a San Francisco-based startup aiming to become the 'AWS of banking', has raised $33 million in a Series B funding round led by Andreesson Horowitz fund a16z.

SynapseFI raises $17m for fintech back office platform

SynapseFI, a San Francisco-based startup that provides things like payment and lending products to fintech firms via APIs, has raised just over $17 million in a Series A funding round led by Trinity Ventures and Core Innovation Capital.