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 ...

Synapse, a Banking as a Service (BaaS) provider labeled in 2023 as one of the World’s Best Fintech Companies by CNBC, is in the throes of bankruptcy. In just a few short months, things have changed ...

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 ...

This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community. The collapse of Synapse earlier this year left thousands of ...

CI reported earlier this week that Mainvest, a FINRA-regulated funding portal, is winding down operations. In an email, a spokesperson for the company provided additional insight into the unfortunate ...

One user said they had “over $60,000” tied up in an account that was unreachable. Another, a single mom, had just bought a home and couldn’t access the funds to make the first mortgage payment. A ...

Explore the Synapse crypto network's cross-chain bridge, use cases, and future potential, including its token migration ...