Banking-as-a-service platform Synapse laid off 40% of its workforce, or 86 employees, on Monday, October 2. Synapse’s platform helps other startups offer deposit, payment and credit products by acting ...

Fintech apps help gamify personal finance — but the collapse of Synapse left thousands without their money and no protection (AFP via Getty Images) Thousands of everyday investors who used banking ...

There is an $85 million shortfall between what partner banks of fintech middleman Synapse are holding and what depositors are owed, according to the court-appointed trustee in the Synapse bankruptcy.

Key insight: Former Synapse Brokerage executives have been charged with misconduct. What's at stake: Banking-as-a-service relationships between banks and fintechs have come under scrutiny, in part ...

There may be relief for the thousands of Americans whose savings have been locked in frozen fintech accounts for the past two months. Banks involved in the mess caused by the collapse of fintech ...

Federal bank regulators are not coming to rescue the thousands of fintech customers who have lost access to their money during the unfolding bankruptcy of banking-as-a-service provider Synapse ...