Insights
Why FinTechs Need More Than One Sponsor Bank
In today’s fast-paced financial technology landscape, having dependable sponsor bank partnerships is essential for FinTech companies. These banks provide the necessary regulatory framework, infrastructure, and services that enable FinTechs to operate and innovate. However, recent industry events, such as the Synapse fallout, have highlighted a crucial vulnerability: reliance on a
Enhancing Anti-Money Laundering Efforts with a Fraxtional Approach
In today’s quickly evolving financial landscape, banks face increasing pressure to enhance their Anti-Money Laundering (AML) and Bank Secrecy Act (BSA) compliance programs. An innovative approach is the adoption of a fractional approach, bringing specialized expertise on a part-time or project basis. Here’s what you can do to make a
Synapse on the Brink – What this Means for Partner Companies
It is troubling to see the financial issues that Synapse currently faces as a once-promising contributor in the middleware space. As Synapse continues to deal with its financial downfall, it is crucial for its partnering companies, including both banks and FinTechs, to evaluate its exposure and take proactive actions to