Breaking News
Synapse Announces New Partnership with American Bank, Enabling Comprehensive Range of Digital Financial Solutions for Fintech Companies and Customers
Synapse Financial Technologies Inc., a banking-as-a-service (BaaS) platform that increases access to best-in-class financial products, today announced a partnership with American Bank, a community bank based in Le Mars, Iowa, to enable fintech companies to build and deliver innovative digital financial services to their customers.
“We are excited to announce that American Bank has joined our growing list of key banking partners powering our modular banking strategy,” said Sankaet Pathak, CEO and co-founder of Synapse. “American Bank’s support will enable us to deliver on our commitment to provide fintech companies and enterprises with best-in-class solutions at unmatched speed and at the best terms. American Bank shares our entrepreneurial spirit and unwavering dedication to customer service, and we look forward to collaborating with them on new ways to deliver value to our collective customers.”
With Synapse’s affiliate, Synapse Brokerage LLC as a regulated member of FINRA and SIPC, it is possible for the company to deliver modular banking – an infrastructure that sources specialized services across multiple bank partners to deliver these services collectively as a complete offering to all its fintech and enterprise customers. American Bank will serve as a sponsor bank to Synapse and its affiliates, providing core banking services such as FDIC deposit insurance, payment processing, and card issuance.
“American Bank is pleased to embark on this journey to bolster our array of financial products with new digital solutions that will supplement the high-quality products we have delivered to our customers for over 25 years,” said Micah Lang, President and Trust Officer of American Bank. “As Banking-as-a-Service continues to become more commonplace, American Bank is committed to strengthening our digital banking capabilities to better position us for the long term and support our community now and well into the future. Synapse is best positioned as a partner to this goal.”
- EXCLUSIVE: “Taking the Pain Out of Compliance” – Camillo Werdich, Sinpex in ‘The Fintech Magazine’ Read more
- Global Tech Leaders Unite to Propel Emerging Future-Critical Sectors at GITEX GLOBAL 2025 Read more
- U.S. Bank Leverages Gen AI for Banking Services Read more
- Two Thirds of Millennial Travellers Say Flexible Payments Are Their Deciding Factor When Choosing Airlines Read more
- Big Issue Partners With fumopay To Roll Out New Way for Vendors To Take Cashless Payments via Open Banking Read more
Pension-Finding Platform Raindrop Has Reunited Savers With Over £800 Million in Lost Pension Pots Since Launch
Pension-finding platform, Raindrop has recovered over £800 million in lost pension pot savings for UK savers since launch.
One-Size-Fits-All Finance is Over: Moneyhub Enables Financial Institutions to Get Personal
Moneyhub, a financial data, categorisation and personalisation platform, today announced its strategic repositioning to concentrate exclusively on delivering enterprise-grade solutions for financial institutions (FIs). The move, unveiled alongside a vibrant new brand identity under the banner “Build for Real Life”, signals Moneyhub’s commitment to helping FIs truly understand and serve their customers.
BGC Group Announces Acquisition of Macro Hive to Expand Agency Business
BGC Group, Inc. (Nasdaq: BGC), a leading global brokerage and financial technology company, today announced the acquisition of Macro Hive Limited (“Macro Hive”), a leading provider of global macro market analytics and strategy.
Moody’s Affirms Africa Finance Corporation’s (AFC) A3 Rating, An Achievement Sustained for Over a Decade, with Outlook Stable
Africa Finance Corporation (AFC) (www.AfricaFC.org), the continent’s leading infrastructure solutions provider, has once again had its long-term issuer credit rating of A3 affirmed by Moody’s Ratings, a rating first assigned in 2014 and consistently maintained for over a decade. Moody’s affirmed this rating with a stable outlook and affirmed AFC’s short-term issuer rating at P-2, underscoring the Corporation’s status as one of the highest-rated investment-grade institutions in Africa.
ECB Taps G+D Partnership for Digital Euro Resilience
Advancing the preparation of a digital euro, the European Central Bank (ECB) has announced the conclusion of the framework agreements for each of the five digital euro negotiated procurement procedures (also see the notice view in the Official Journal of the EU). A cooperation between Giesecke+Devrient (G+D) partnering with Nexi and Capgemini has now been selected as the first ranked tenderer in the framework agreement to provide an end-to-end solution to make digital euro payments offline available to users and merchants across Europe. The ability to pay offline, with no third-party involvement, is a key feature of the digital euro, which would ensure privacy and resilience as only cash does today.
G2 Risk Solutions Finalizes EverC Transaction
G2 Risk Solutions (G2RS) today announced the completion of its transaction with EverC, expanding G2RS’ global reach and adding proven AI-powered risk solutions to its product suite.
Digital Banking Partnership with Moorwand
Tap Global Group plc (AIM: TAP), an innovative digital finance hub that brings money payments and crypto settlement services together in a single user-friendly app, is pleased to announce a landmark strategic partnership with Moorwand, a UK FCA regulated Electronic Money Institution (EMI). Through this partnership, Tap will integrate Moorwand's comprehensive Banking-as-a-Service (BaaS) platform to provide customers with dedicated GBP accounts, complete with Sort Codes and Account Numbers, and EUR accounts with individual IBANs.
EXCLUSIVE: “Taking the Pain Out of Compliance” – Camillo Werdich, Sinpex in ‘The Fintech Magazine’
Share this post: Share on LinkedIn Share on X (Twitter) Share on Facebook Share on […]
Global Tech Leaders Unite to Propel Emerging Future-Critical Sectors at GITEX GLOBAL 2025
With capabilities of AI advancing every year, its potential to address challenges once thought unsolvable is rapidly expanding, from the possibility of curing genetic diseases to transforming urban mobility or enabling green data centres. With the global AI market set to reach $4.8 trillion by 2033 (UNCTAD), the race to deploy AI for critical sectors has never been more urgent. Against this backdrop, GITEX GLOBAL 2025 convenes as the world’s largest tech and AI event, with this year’s edition highlighting significant developments in biotech, physical AI, quantum computing, semiconductors, and data centres.
U.S. Bank Leverages Gen AI for Banking Services
Share this post: Share on LinkedIn Share on X (Twitter) Share on Facebook Share on […]
Two Thirds of Millennial Travellers Say Flexible Payments Are Their Deciding Factor When Choosing Airlines
New research commissioned by Affirm, the payment network that empowers consumers and merchants with flexible and transparent payment options, reveals that payment flexibility is now one of the most important factors influencing travellers when booking flights and holidays.
Big Issue Partners With fumopay To Roll Out New Way for Vendors To Take Cashless Payments via Open Banking
Big Issue has partnered with open banking payment provider fumopay to offer its vendors an innovative new way to take cashless payments.
Spend Crypto at 700,000 Merchants in SA Using Luno Pay
Together with Scan to Pay’s 650,000 merchants and Luno Pay’s existing network of over 30,000 merchants, this expansion unlocks access to major household retailers, including Checkers, Makro, Vodacom, and Shoprite, bringing crypto payments into the mainstream and marking a major step for cryptocurrency adoption.
More Rewards, More Flexibility: PayPal Introduces 5% Cash Back on Buy Now Pay Later Purchases this Holiday Season
PayPal has announced that U.S. customers will earn 5% cash back on PayPal Buy Now Pay Later (BNPL) purchases between now and the end of the year1. As 60%2 of shoppers feel more financial stress heading into this holiday season, PayPal, one of the leading BNPL providers worldwide, is helping to make it easier to manage spending this holiday season.