Tagged: synapse

September 9, 2024 @ 11:09 am By JD Alois  |  

The Federal Deposit Insurance Corp. (FDIC) is expected to propose new rules impacting For Benefit Of (FBO) accounts which will affect the neobanking sector. According to a report by Bloomberg, the FDIC will make the proposal as soon as this month. This follows the Synapse… Read More

July 5, 2024 @ 11:36 am By Omar Faridi  |  

A California bankruptcy Judge has reportedly issued a warning to MongoDB, a database company, against deleting sensitive customer data. Ongoing efforts to give back millions to clients currently locked out of their Fintech apps are now linked to a heated dispute between Fintech platform Synapse… Read More

May 21, 2024 @ 7:05 pm By JD Alois  |  

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

April 22, 2024 @ 4:54 pm By JD Alois  |  

TabaPay will acquire the assets of Synapse Financial Technologies following the decision of the firm to file for Chapter 11 bankruptcy. The courts must first approve the agreement. The specific terms were not revealed. TabaPay is a payments and transfers Fintech that reportedly provides services… Read More

January 15, 2022 @ 8:08 pm By Omar Faridi  |  

TrueAccord Corporation, a debt collection firm providing machine learning or ML-powered digital recovery solutions, recently announced a partnership with Synapse as “an expansion of its Collections-as-a-Service offering.” The partnership will bring the “best-in-class” collection and recovery capabilities of TrueAccord to Synapse’s fintech partners and customer… Read More

August 5, 2021 @ 10:19 pm By Omar Faridi  |  

Synapse, a banking-as-a-service or BaaS platform developed to increase access to “best-in-class” financial products, has introduced the Synapse Credit Hub, which is described as a full-stack API platform created to support “innovative” credit solutions for individuals and businesses, by leveraging the Mastercard network. As explained… Read More

June 14, 2020 @ 10:08 pm By Omar Faridi  |  

San Francisco-based Fintech firm SynapseFI has reportedly cut down the number of employees on its payroll. The company is also planning to expand its operations in Texas in order to diversify its business strategy and survive the COVID-19 crisis. Synapse offers several back-office financial products… Read More

June 6, 2019 @ 12:00 pm By JD Alois  |  

Banking financial service software provider Synapse has closed on a Series B Funding round led by Andreessen Horowitz (a16z). Synapse raised $33 million in the funding round with participation from existing investors Trinity and Core Innovation Capital. As part of the investment, Angela Strange (General… Read More