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NEW YORK — The bank accounts of tens of thousands of U.S. businesses and consumers have been frozen in the aftermath of the abrupt shutdown and bankruptcy of financial technology company ...
By KEN SWEET (AP Business Writer) NEW YORK (AP) — The bank accounts of tens of thousands of U.S. businesses and consumers have been frozen in the aftermath of the abrupt shutdown and bankrupt… ...
JPMorgan told financial-technology companies that it will start charging fees amounting to hundreds of millions of dollars ...
BaaS 2.0 must feature a more bank-centric approach, writes Trent Sorbe, of First International Bank & Trust. The aftermath of Synapse's collapse earlier this year has left fintech and banking pundits ...
A discussion of the evolving landscape for fintech companies seeking to establish new banks or acquire existing banks, ...
The collapse of middleman Synapse has revealed fintech's promise of safety as a mirage. More than 100,000 Americans with $265 million in deposits have been locked out of their accounts. The ...
A new study found that bank-fintech partnerships are falling short of financial institutions’ objectives. Here are some ways that bank-fintech partnerships can be fixed.
Much of the talk around fintech and bank partnerships highlights the Banking-as-a-Service model, however, there is enormous opportunity for banks and fintechs to work together to optimize a bank ...
FINTECH –BANK MODEL PARTNERSHIPSAbaselinereviewofbestpracticesandpitfalls….BANK—FINTECH PARTNERSHIPSThe early 2010s saw a shift in the relationship between ...
Examining the reasons these “Version 1.0” challenger banks failed helps explain why the current stars are booming. It also offers clues to what might be next for challenger banks, and fintech more ...
Synapse filed for Chapter 11 bankruptcy protection in April and has shut down its services to some of its fintech or bank partners, leading to accounts being frozen or showing funds not existing ...
In order to operate this way, fintech companies often need a middleman between the fintech company and the bank that can do the bookkeeping necessary to make sure customer accounts are credited ...
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