Banking-as-a-Service

New Evolve Statement: ‘Vast Majority’ of Synapse Funds Are at Other Banks
New Evolve Statement: ‘Vast Majority’ of Synapse Funds Are at Other Banks
November 27, 2024  |  Legal

Evolve Bank & Trust said Wednesday (Nov. 27) that the “vast majority” of end user funds related to the Synapse Financial Technologies bankruptcy that were...

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Adyen to Support Global Expansion of Spendesk’s Spend Management Platform
Adyen to Support Global Expansion of Spendesk’s Spend Management Platform
November 21, 2024  |  Partnerships

Spendesk aims to strengthen its offer in core markets and support the global growth of its spend management platform for medium-sized businesses with the help...

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63% of Consumers Under 35 Open to Financial Services From Non-Banks
63% of Consumers Under 35 Open to Financial Services From Non-Banks
November 01, 2024  |  Digital Banking

Today’s financial landscape is changing as embedded finance integrates banking services into everyday consumer experiences. This development is driven by brands stepping into roles traditionally...

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Synapse BaaS Platform Slated for Bankruptcy Sale
Synapse BaaS Platform Slated for Bankruptcy Sale
October 27, 2024  |  Connected Economy

 The assets of bankrupt Banking-as-a-Service (BaaS) provider Synapse are going up for sale next month. B Riley Advisory Services, the group handling the sale, announced...

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How Open Banking is Enabling Better Embedded Finance Customer Experiences
How Open Banking is Enabling Better Embedded Finance Customer Experiences
October 24, 2024  |  Financial Inclusion

As one of the hottest trends in payments, embedded finance has emerged as a compelling credit proposition for consumers and businesses. The execution demands an...

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BaaS Faces Regulatory Reckoning: OCC and FDIC Actions Underscore Growing Scrutiny
BaaS Faces Regulatory Reckoning: OCC and FDIC Actions Underscore Growing Scrutiny
October 23, 2024  |  Digital Banking

Banking-as-a-service (BaaS), as a business model, promises to reshape financial services. And a drumbeat of regulatory actions and continued scrutiny from a veritable alphabet soup...

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Green Dot Launches Brand Focused on Embedded Finance Capabilities
Green Dot Launches Brand Focused on Embedded Finance Capabilities
October 22, 2024  |  Digital Banking

Green Dot has launched an embedded finance brand and platform of services called Arc by Green Dot. This new platform offers businesses a range of...

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Deutsche Bank Checks Three Trends for Cracking B2B’s Innovation Code
Deutsche Bank Checks Three Trends for Cracking B2B’s Innovation Code
October 04, 2024  |  B2B Payments

Innovation in business-to-business (B2B) payments used to be measured in decades, not years. But now, it can be measured in months — even weeks — as...

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Five Star Bank Parent Plans to Exit Banking-as-a-Service Business
Five Star Bank Parent Plans to Exit Banking-as-a-Service Business
September 17, 2024  |  Banking

Financial Institutions says it’s getting out of the banking-as-a-service (BaaS) business. The bank holding company, owner of Five Star Bank and Courier Capital, announced Monday...

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