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It has been a busy time for us at Explainer Things. Awards season is over, but the fintech regulatory drama is in midseason form. The star of this episode is of course the Supreme...
Synapse, a Banking as a Service (BaaS) provider labeled in 2023 as one of the World's Best Fintech Companies by CNBC, is in the throes of bankruptcy. In just
Tuesday's edition of Forbes Daily covers Hims' new weight loss drug, Scarlett Johansson and OpenAI, Temu and Shein's impact on trade routes, Memorial Day prices and more.
Last week, lawyers for the banking-as-a-service startup told a judge that the company, which had been serving 100 fintechs with 10 million customers, was working around the clock to wind down and solve account access problems.
Federal bank regulators are not coming to rescue the thousands of fintech customers who have lost access to their money.