The recent failures of Synapse, Evolve, and Bench highlight the challenges of recent fintech innovations, which are often ...

Jelena McWilliams, former chair of the Federal Deposit Insurance Corp. In the latest Synapse bankruptcy hearing in a Central California district bankruptcy court last week, Judge Martin R. Barash went ...

(Bloomberg) -- The remainder of the roughly $200 million of consumer funds frozen during the bankruptcy of banking-as-a-service provider Synapse Financial Technologies Inc. should be returned to ...

For months now, thousands of consumers have been unable to access money they thought was safely deposited at banks. They are ...

The collapse and bankruptcy of fintech middleman Synapse in May has left more than 100,000 Americans locked out of a collective $90 million of their own money, prompting a class action lawsuit.

When Asselyn tried to withdraw the money, he couldn't take anything out. The funds had been frozen due to the bankruptcy of Synapse, a middleman that connected Yotta and its partner bank, ...