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20min chapter
S7 E9: Fintech Recap: Synapse vs. the World, Visa Flex Credential, Buy Now Pay Later Reclassified as a Credit Card
Fintech Takes
Financial Turmoil and Regulatory Challenges in the Fintech Sector
The chapter provides a detailed account of the financial troubles between Synapse, Evolve, and Tabapay, including a failed acquisition deal and bankruptcy filing. It explores the legal dispute over mishandled funds, appointment of a Chapter 11 trustee, and regulatory issues affecting banking as a service organizations. The discussion extends to potential industry restructuring, M&A speculation, and the need for improved risk management practices in light of the evolving financial landscape.
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