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 ...

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

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 ...

When a fintech company fails, customers often discover an alarming truth: their money isn't as protected as they thought. In ...

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

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 ...

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

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 ...