Tagged: evolve

How AI Could Have Saved Evolve Bancorp and What It Means for the Future of Banking

save

The US Federal Reserve Board’s June cease-and-desist order against Evolve Bancorp and its subsidiary, Evolve Bank & Trust, came in response to a series of alarming deficiencies in its risk management, anti-money laundering (AML), and compliance practices. The order wasn’t just a regulatory formality—it was… Read More

Synapse Failure Impacts Other Fintechs, Crowdfunding Platforms

Synapse, a Banking as a Service (BaaS) provider labeled in 2023 as one of the World’s Best Fintech Companies by CNBC, is in the throes of bankruptcy. In just a few short months, things have changed dramatically at Synapse it seems. It has been reported… Read More

BNPL Fintech Affirm Teams Up with Evolve, a Vacation Rental Hospitality Firm

Affirm (NASDAQ: AFRM), the payment network that empowers consumers and helps merchants drive growth, announced an exclusive partnership with Evolve, a vacation rental hospitality company with more than 30,000 properties in 750 markets. Now, eligible travelers can book vacation rentals and pay over time “with… Read More

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