UK Regulator Tightens Rules on Payment Processors
The UK’s Financial Conduct Authority (FCA) has introduced rules stipulating that payments firms must keep company funds separate from customer ...
Tag: Synapse
Discover articles about Synapse and its innovative Banking-as-a-Service platform. Learn how Synapse enables businesses to integrate secure payment processing, lending, and banking capabilities, streamlining financial operations and enhancing user experiences.
Whether Market-Led or Directive-Driven, Open Banking Marches On
The European Union is working on the third iteration of its regulatory framework governing open banking. Meanwhile, across the Atlantic, ...
The Ramifications of the EU’s DORA Regulations Go Far Beyond Cybersecurity
The Digital Operational Resilience Act (DORA) went into effect last week in the European Union, and many of the region’s ...
FDIC to Regulate Fintech and Bank Partnerships After Synapse Failure
The Federal Deposit Insurance Corporation has proposed a rule that would require financial institutions to hold their fintech partners accountable ...
Synapse Failure Could Force Reset of Banking-as-a-Service Model
When it comes to fintech, technology often overshadows the financial underpinnings. While there have been significant innovations in recent years, ...
The Federal Reserve Aims to Regulate “Shadow Banks”
The Federal Reserve proposed rules to gain clarity on how traditional banks are exposed to non-bank financial institutions. Institutions like ...
U.S. Senators Say Synapse Failure Exposed BaaS Weakness
A group of U.S. senators released a letter demanding that failed fintech company Synapse give its customers access to funds ...
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