Synapse

Dave CEO: Cash Flow-Based Underwriting Critical to Helping Paycheck-to-Paycheck Consumer
Dave CEO: Cash Flow-Based Underwriting Critical to Helping Paycheck-to-Paycheck Consumer
June 05, 2024  |  Digital-First Banking

It’s been quite a year so far for FinTechs in general and neobanks in particular. However, Jason Wilk, CEO of digital banking app Dave, doesn’t...

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FDIC Notes More ‘Problem’ Banks; Sparks Debate Over Deposit Insurance
FDIC Notes More ‘Problem’ Banks; Sparks Debate Over Deposit Insurance
June 03, 2024  |  Banking

The Federal Deposit Insurance Corp.’s (FDIC) first-quarter assessment on the banking industry takes note of several trends: Declining loan demand, delinquencies that were higher than...

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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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This Week in B2B Innovation: Embedded Experiences, AI and Leverage
This Week in B2B Innovation: Embedded Experiences, AI and Leverage
May 30, 2024  |  B2B Payments

Digital is a one-way street. And that street is being populated by B2B firms who aren’t looking back after embracing digital innovation to both compete...

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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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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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TabaPay Ends Planned Acquisition of Synapse
TabaPay Ends Planned Acquisition of Synapse
May 09, 2024  |  Acquisitions

TabaPay has reportedly ended its planned acquisition of bankrupt FinTech company Synapse. A TabaPay spokesperson told TechCrunch on Thursday (May 9) that the company had “pulled out”...

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TabaPay to Acquire Assets of Bankrupt FinTech Synapse
TabaPay to Acquire Assets of Bankrupt FinTech Synapse
April 21, 2024  |  Acquisitions

Instant money movement platform TabaPay is acquiring Synapse’s assets following the latter company’s bankruptcy. The deal, announced Friday (April 19), will allow TabaPay to offer new financial services for FinTechs and...

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