When Sankaet Pathak co-founded Synapse in 2014, he had a vision of doing more than just building a platform that enables banks and fintech companies to easily develop financial services. He wanted to ...

U.S. financial disasters often emerge from overheated markets that become far too enamored with shiny new financial instruments. A June 6 report by the trustee in the bankruptcy of the financial ...

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.

After a tumultuous year, banking-as-a-service (BaaS) startup Synapse has filed for Chapter 11 bankruptcy and its assets will be acquired by TabaPay, according to the two companies. The deal is pending ...

The bankruptcy of banking-as-a-service (BaaS) fintech Synapse shows just how treacherous things are for the often-interdependent fintech world when one key player hits trouble. Synapse’s problems have ...

Unless the new administration squashes it, soon banks and fintechs will need to work with the FDIC's so-called Synapse rule, which would require them to ensure that the balances of custodial deposit ...