2024 has been a challenging year for banking-as-a-service. The collapse of Synapse served as a prime example of what can happen when banks do not adequately assess the risk they take on from outside fintech partners.
Read ArticleTuesday began like any other late summer workday. I dropped my daughter off at school and arrived a little late to my office at Bank of America Securities in midtown NYC about 8:30.
Read ArticleSome of the world's largest lending institutions are being called on to halt new financing for livestock production.
Read ArticleA new trade finance threat is emerging — with logistics providers and exporters increasingly joining forces to manipulate shipping documents and swindle banks.
Read ArticleAs banking continues its digital transformation, partnerships between traditional banks and BaaS providers will likely become even more prevalent.
Read ArticleThe BaaS model is under pressure right now. Synapse declared bankruptcy, while Evolve Bank and Trust was issued a cease-and-desist order. The industry might be going through a period of upheaval — but there's long-lived staying power.
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