The bank accounts of tens of thousands of US businesses and consumers have been locked out in the aftermath of the abrupt bankruptcy of financial technology company Synapse. The firm, which acted ...

(Bloomberg) -- The remainder of the roughly $200 million of consumer funds frozen during the bankruptcy of banking-as-a-service provider Synapse Financial Technologies Inc. should be returned to ...

The case centers around Synapse Financial Technologies, a bank-fintech middleware provider that went bankrupt in May, leaving thousands of consumers without access to money they had deposited with its ...

The recent failures of Synapse, Evolve, and Bench highlight the challenges of recent fintech innovations, which are often ...

The bankruptcy of banking-as-a-service startup Synapse Financial Technologies left thousands of fintech customers without ...

A U.S. consumer protection agency alleged Walmart Inc. and one of its financial partners with opening accounts for delivery ...

Upstart financial firms that provide services like early paycheck access or buy-now, pay-later plans have attracted rising ...

The fallout from the collapse of Synapse continues, with several partner banks facing a lawsuit alleging mishandling of customer funds, and one of those banks insisting that end user funds it once ...

Jelena McWilliams, former chair of the Federal Deposit Insurance Corp. In the latest Synapse bankruptcy hearing in a Central California district bankruptcy court last week, Judge Martin R. Barash went ...