Don't Lose Access to Your Cash: Comparing Banks, Neobanks, and Fintech Platforms for Cash Savings
Money For the Rest of Us
Challenges and Reconciliation Efforts in a FinTech App Bankruptcy
The chapter delves into the bankruptcy of Synapse Financial, a middleware company, and the complications in reconciling user funds. Trustee Jeline McWilliams is striving to trace the missing money amidst challenges like layoffs and unresponsiveness, with multiple partner banks implicated in the multimillion-dollar cash discrepancy.
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