The collapse of a little-known intermediary named Synapse Financial Technologies has put a spotlight on the risk that customers face when using popular banking start-ups.
Category: Synapse Technology
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Synapse Bankruptcy: When a Fintech Isn’t a Bank and Savings Accounts Are Frozen
For unsuspecting depositors of online financial start-ups, the unraveling of a little-known intermediary has separated them from their life savings.