857. News: What does Synapse’s collapse signify for the future of BaaS?
Fintech Insider Podcast by 11:FS
Impact of Synapse's Collapse on the FinTech Sector
The chapter delves into the fallout from Tabapay rescinding their purchase of bankrupt Synapse, a banking as a service platform, leaving millions of end users without access to funds. It explores the complexities of reconciling funds amidst bankruptcy proceedings and the crucial role of partnerships in the FinTech industry. The conversation highlights regulatory challenges faced by Banking as a Service companies and the need for adaptation in response to stricter regulations.
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