The bank continues to look for the money but can provide only a partial answer to end users because the data that’s available to it is limited, Evolve said in a Thursday Open Letter to Synapse End ...

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 ...

The collapse and bankruptcy of BaaS fintech Synapse has revealed how treacherous things are for the often-interdependent fintech world when one key player hits trouble. Synapse operated a service that ...

The eventual resolution of the key question in the wake of the Synapse bankruptcy — namely, where the money went — will take time. The suit alleges “gross mismanagement” of the deposits that had been ...

Synapse Financial Technologies allegedly violated consumer protection laws by failing to keep proper track of consumers' funds, and failing to ensure the records they kept matched those of partner ...

MEMPHIS, Tenn.--(BUSINESS WIRE)--Evolve Bank & Trust (“Evolve”) today announced the distribution and payment processes to return funds held by Evolve to Synapse Brokerage end users impacted by the ...

Evolve Bank & Trust announced Monday that it will soon start releasing funds to consumers whose accounts have been frozen in a monthslong dispute between Evolve and a banking-as-a-service middleware ...