Sankaet Pathak, former CEO and founder of Synapse and current CEO of Foundation, delves into the rise and challenges of banking-as-a-service. He reveals the revelations behind Synapse's issues, including reconciliation problems and missing payments. Pathak discusses the complex relationship with bank partners and the regulatory oversights encountered in the fintech space. The conversation also highlights the potential role of blockchain technology and the importance of transparency to regain customer trust in a shifting financial landscape.

Sankaet Pathak, co-founder and former CEO of the fintech company Synapse, sheds light on the bankruptcy situation and its impact on depositors. He discusses the cease and desist from Evolve regarding his sharing of financial reports. Pathak provides insights into the discrepancies between Evolve's records and Synapse's reconciliations. He highlights efforts to recover lost funds and emphasizes the need for collective action among affected users. This conversation dives deep into accountability challenges and the complexities of financial management during crises.