Banking-as-a-Service

Brazil’s Kanastra Raises $21 Million for Private Credit Funds Platform
Brazil’s Kanastra Raises $21 Million for Private Credit Funds Platform
June 05, 2024  |  Investments

Kanastra raised $21 million in a Series A funding round to continue to improve its tech-driven back office for private credit funds and securitizations in...

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UK Neobank Starling Will Not Reapply for EU Banking License
UK Neobank Starling Will Not Reapply for EU Banking License
June 05, 2024  |  Banking

United Kingdom neobank Starling reportedly does not plan to reapply for a European Union banking license. Instead, the company will try to expand internationally via...

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Savings App Yotta Says 85,000 Accounts Caught in Synapse Meltdown
Savings App Yotta Says 85,000 Accounts Caught in Synapse Meltdown
June 02, 2024  |  Banking

The impact of Synapse’s bankruptcy continues to spiral outward, extending now to FinTech startup Yotta. For the past three weeks, 85,000 of the company’s customers...

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Synapse’s Downfall Provides Hard Lessons for Its B2B Partners
Synapse’s Downfall Provides Hard Lessons for Its B2B Partners
May 30, 2024  |  Business

A chain is only as strong as its weakest link, as the saying goes. And as the fallout from Synapse’s chaotic bankruptcy continues, containing the...

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Five Things to Watch as Synapse Bankruptcy Impact Shakes Up FinTechs
Five Things to Watch as Synapse Bankruptcy Impact Shakes Up FinTechs
May 28, 2024  |  Banking

At this writing, on Tuesday (May 28), the ripple effects of Synapse’s bankruptcy keep rippling. But with each filing, with the reports that customers can’t...

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AppTech Payments Aims to Take on Venmo With InstaCash
AppTech Payments Aims to Take on Venmo With InstaCash
May 16, 2024  |  Payment Methods

Frictionless commerce firm AppTech Payments completed the pilot of its Banking-as-a-Service (BaaS) platform. Now, the company will use the BaaS solution for the commercial launch of InstaCash, a real-time pay-by-bank transaction...

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Synapse Saga Emphasizes Tangled Web Between FinTechs, Middlemen and Sponsor Banks
Synapse Saga Emphasizes Tangled Web Between FinTechs, Middlemen and Sponsor Banks
May 10, 2024  |  Acquisitions

In biology, a synapse is essentially a conduit, a place in the brain where neurons connect and communicate. In financial services, the recent news that...

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FIS Targets $200 Billion Addressable Market in Global Money Movement
FIS Targets $200 Billion Addressable Market in Global Money Movement
May 07, 2024  |  Banking

At its investor day Tuesday (May 7), FIS management outlined its continuing strategy to capture share in global money movement — a market worth hundreds of billions...

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Thredd CEO: Compliance Will Define Future of Payments
Thredd CEO: Compliance Will Define Future of Payments
April 25, 2024  |  Payments Innovation

Whenever you see a successful business, someone once made a courageous decision. That quote, by management consultant Peter F. Drucker, holds more true today than...

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