For customers, fintech promised the best of both worlds: The innovation, ease of use and fun of the newest apps combined with the safety of government-backed accounts held at real banks. The collapse ...

Millions of Americans use neobank accounts to hold their deposits and make payments, making it urgent to find proper fixes. Synapse's failure revealed a system that outsourced responsibility for ...

Last year, the fintech startup world — star of the 2021 venture capital heydays — began to unravel as VC funding grew tight. As we step into mid-2024, large chunks of the sector today are a downright ...

Payment processor TabaPay said it has agreed to acquire the operating assets of Synapse Financial Technologies, a troubled banking-as-service fintech. According to TabaPay, the sale follows Synapse’s ...

Jelena McWilliams, bankruptcy trustee for Synapse Financial and former chair of the Federal Deposit Insurance Corp., said the bankruptcy of the fintech middleware firm in April has been "devastating" ...

Partnerships between organizations end all the time. Sometimes it’s amicable, and sometimes it’s complicated. In the instance of Synapse and Evolve, it was complicated. Synapse operates a platform ...