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 ...

As banks navigate a landscape scarred by the Synapse bankruptcy, they need to build or buy the technical ability to reconcile accounts daily and vet any new fintech partners more thoroughly.

Learn what can happen to customer funds during fintech bankruptcies and how to protect yourself before it's too late.

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 collapse and bankruptcy of fintech middleman Synapse in May has left more than 100,000 Americans locked out of a collective $90 million of their own money, prompting a class action lawsuit.

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 ...

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 ...