The intense, long-term unfavorable impression of the chapter of banking-as-a-service (BaaS) fintech Synapse shall be important “on all of fintech, particularly consumer-facing companies,” one observer has mentioned. Within the wake of that firm’s collapse, different startups within the house are working laborious to show that not all BaaS are created equal.
As companions to fintechs, Unit CEO and co-founder Itai Damti, Synctera CEO and co-founder Peter Hazlehurst, and Treasury Prime basic counsel and chief compliance officer Sheetal Parikh are working extra time to make sure their firms are working in a compliant method.
The trio will be part of us onstage at TechCrunch Disrupt 2024 to debate the challenges going through the trade and the way their choices are being constructed to guard the purchasers served by their fintech purchasers. They can even discuss in regards to the particular methods their firms are working to stop one other debacle just like the one we’re witnessing with Synapse from taking place once more.
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