There is an $85 million shortfall between what partner banks of fintech middleman Synapse are holding and what depositors are owed, according to the court-appointed trustee in the Synapse bankruptcy.

Tougher contracts and more transparency are two of the improvements that have come about since the banking-as-a-service ...

U.S. financial disasters often emerge from overheated markets that become far too enamored with shiny new financial instruments. A June 6 report by the trustee in the bankruptcy of the financial ...

Key insight: Former Synapse Brokerage executives have been charged with misconduct. What's at stake: Banking-as-a-service relationships between banks and fintechs have come under scrutiny, in part ...

Another financial watchdog is investigating misconduct allegations against executives at Synapse Financial Technologies Inc., the failed financial-technology firm whose collapse left customers locked ...