The chapter of banking-as-a-service (BaaS) fintech Synapse exhibits simply how treacherous issues are for the often-interdependent fintech world when one key participant hits hassle.
Synapse’s issues have harm and brought down a variety of different startups and affected tens of millions of shoppers all around the nation. Many consider regulatory readability is required shifting ahead. One analyst says the case of Synapse underscores the necessity for fintech corporations to keep up excessive operational and compliance requirements.
This panel with Unit Co-Founder & CEO Itai Damti, Synctera Co-Founder and CEO Peter Hazlehurst, and Treasury Prime Basic Counsel & CCO Sheetal Parikh discusses the potential impacts the Synapse collapse may have on the way forward for BaaS.
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