The chapter of banking-as-a-service (BaaS) fintech Synapse exhibits simply how treacherous issues are for the often-interdependent fintech world when one key participant hits hassle.
Synapse’s issues have harm and brought down numerous different startups and affected thousands and thousands of customers everywhere in the nation. Many consider regulatory readability is required shifting ahead. One analyst says the case of Synapse underscores the necessity for fintech firms to take care of excessive operational and compliance requirements.
This panel with Unit Co-Founder & CEO Itai Damti, Synctera Co-Founder and CEO Peter Hazlehurst, and Treasury Prime General Counsel & CCO Sheetal Parikh discusses the potential impacts the Synapse collapse can have on the way forward for BaaS.
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