Synapse Resources

We made the Inc. 5000 list for the second year!

It’s with a great sense of accomplishment that we announce that Synapse has made the Inc. 5000 list for the second consecutive year. Synapse ranked No. 881 among America’s fastest-growing private companies and No. 52 among financial services companies.

Synapse recognized as one of the World's Best Fintech Companies

With great pride, we announce that has been recognized as one of the World's Best Fintech Companies in 2023 by CNBC and Statista.

Why Modular Banking Is The Future Of Fintech

In the wake of recent bank failures and the follow-on probing to understand root causes, banks, regulators, and the entire fintech ecosystem are seeking better ways to diversify risk across the global financial system. Modular banking by Synapse now makes this all possible like never before.

Fintech Blueprint Interviews Sankaet Pathak

Sankaet Pathak, Synapse CEO and co-founder, was interviewed by The Fintech Blueprint covering a wide range of topics that began with his founding story, to APIs, concluding with the regulatory landscape.

Understanding and Overcoming the Challenges of Cross-Border KYC Compliance

Fintech companies are expanding globally, offering various financial services to customers worldwide. This presents opportunities and challenges in verifying customers' identities across various countries and regions to ensure users are who they say they are and that we comply with Know Your Customer (KYC) regulations.

May Release Notes 2023

We’ve added several new enhancements to this release.

Sankaet Pathak Shares His Journey and Key Trends in Fintech

Synapse CEO and co-founder, Sankaet Pathak shared his personal journey, the motivation behind Synapse's inception and key trends to watch in fintech and finance in a new interview with Fintech Review.

Sankaet Pathak was interviewed about the increasing role regulators are playing with banks and fintechs.

Synapse co-founder and CEO Sankaet Pathak was interviewed by S&P Global Market Intelligence recently. The article highlighted that regulators are directing banks to exert more oversight and control over the fintech partners that they conduct business with.

Bridging the Disconnect Between Fintechs and Banks

The go-live disconnect between fintechs and banks usually comes from the difference in their incentive structures. This difference mostly stems from who has the greatest weight of influence in business decision-making.

Synapse Expands Policy & Regulatory Advisory Board

Synapse has announced the appointment of four new members to its Policy & Regulatory Advisory Board. The addition of these new members further strengthens the company's vision of building an industry-leading platform informed by policy, regulatory, and compliance expertise.

Take The Fintech Stress Test To Determine Your Business Resilience

A robust embedded finance platform enabling risk diversification across multiple sponsor banks is the key to thriving in today’s dynamic business environment — don't wait for a crisis to strike, safeguard your fintech's future proactively. Take the Fintech Stress Test today.

April Release Notes 2023

We've added many new enhancements to this release.

Synapse Welcomes AMG National Trust as a New Bank Partner

We are excited to share our new partnership with AMG National Trust, which is an extension of our modular banking strategy enhancing Synapse’s capacity to rapidly deliver innovative digital financial services to fintechs and their customers.

Banking Dive Features Synapse and AMG National Trust

Banking Dive featured Sankaet Pathak, CEO and co-founder of Synapse, in an article that highlighted Synapse and the latest addition to its modular banking partnerships. Synapse announced its partnership with AMG National Trust, a Denver-based wealth manager and national bank. The article also featured the Synapse FastTrack Program and updated milestone achievements for its Global Cash product.

Global Fintech Series features Sankaet Pathak

Global Fintech Series featured Sankaet Pathak, co-founder and CEO of Synapse, in an article detailing the evolution of banking as a service (BaaS), the complexities of scaling the Fintech-BaaS-Sponsor Bank ecosystem today, and the need for a new ecosystem model, Modular Banking.

Topline Revenue Opportunities for Fintechs

This Fintech Revenue Modeling Tool will help you explore how multiple revenue opportunities could impact your business’ top line.

Synapse Awarded The 2023 Fintech Breakthrough Award for Best BaaS Solution

Synapse is proud to be recognized as the Best Banking as a Service Solution and awarded a 2023 FinTech Breakthrough Award.

Synapse Announced the Formation of a New Policy & Regulatory Advisory Board

Daniel Gorfine will be Chair, leading efforts to build out the Board, recruiting external affairs, policy, regulatory, financial services, and fintech experts, who will advise Synapse and help inform strategies to achieve Company objectives.

Addressing Fintech Disruptions from the Silicon Valley Bank Closure

Facing service disruptions due to the Silicon Valley Bank closure? Synapse FastTrack Program helps fintechs quickly restore payment processing services. Get back up and running in days!

The Fintech Times Interview with Sankaet Pathak

Sankaet Pathak, co-founder and CEO of Synapse recently spoke to The Fintech Times on financial inclusion, detailing the challenges faced by gig workers, a large and growing segment of the American workforce and a segment largely underserved by traditional banks.

How does the Federal Reserve Board’s debit card transactions rule impact fintechs?

This blog post will provide an overview of the ruling, its potential impact, and the options fintechs can pursue outside of debit cards.

Retail Banker International Covers Synapse’s 2022 Break-out Year

Retail Banker International’s recent article covered Synapse’s break-out year of 2022, highlighting its accomplishments and targets for 2023. They went on to detail the history of the company, the launch of Global Cash and the company’s areas of focus going forward. Finally, they concluded with a summary of our partnership with Nomad.

2022 A Breakout Year for Synapse

We’re happy to share that this past year we achieved many significant milestones across a wide range of categories including the number of platform users, annualized transactions, and new platform launches, among others.

Taking Credit Global

In this episode, Sankaet Pathak, co-founder and CEO of Synapse is joined by Misha Esipov, co-founder and CEO of Nova Credit. Together, they explore the vision of democratizing access to cost-effective credit beyond borders. They break down the challenges and explore solutions to taking credit global.

A Revolution in Banking Will Be Fueled by Four Trends

An article by our co-founder and CEO, Sankaet Pathak, was recently featured in Fast Company noting the upcoming banking revolution and the trends that are poised to propel it.

Sankaet Pathak featured on Jess Larsen Podcast

Sankaet Pathak, our co-founder and CEO, was interviewed recently by Jess Larsen on his podcast “Innovation and Leadership” about being in the top 100 fastest-growing independent financial services companies in the country.

Synapse CEO, Sankaet Pathak, On Stage at Fintech Nexus LatAm

Sankaet Pathak, our co-founder and CEO, participated in a panel Embedded Finance: Bring Personalized Banking to the Masses, a discussion at Fintech Nexus LatAm. Here are the highlights from Sankaet’s comments. 

Synapse Recognized as an ICON Outlook Top 20 KYC Solution Provider

This year ICON Outlook recognized Synapse as a top 20 KYC solution provider for 2022. 

Synapse Renews Partnership with Evolve Bank & Trust

Evolve Bank and Trust, Member FDIC and Synapse Financial Technologies Inc. have recently renewed their partnership agreement.

September & October 2022 Release Notes

We’ve added many new features and enhancements to this release. All are listed below. 

The Fintech Times Em Conversa interviewed Sankaet Pathak about Latin America and US-based bank accounts

The Fintech Times Em Conversa interviewed Sankaet Pathak, co-founder, and CEO of Synapse about the market boom in Latin America and the reasons why organizations like Synapse are making US accounts more accessible to those located outside of the US.

Under the Hood: Fintech Culture and Failing Forward Fast, plus Regulatory Sandboxes

Under the Hood season 2 continues. In this series hosted by Synapse founder and CEO, Sankaet Pathak, Under the Hood takes a deep dive into various challenges and opportunities in FinTech. Topics range from technical design and architecture to regulatory and policy challenges.

Synapse Partners with Glance Capital

Synapse announced a partnership with Glance Capital, a fintech that provides simple and straightforward lending for gig workers, to power a suite of credit and deposit products for Glance Capital’s customers.

Finextra Quotes Synapse In Latest Report

Finextra named Synapse as a source in their recent publication The Future of Digital Banking in North America 2023, A Money2020 USA Special Edition.They went on to interview Sankaet Pathak, CEO and co-founder of Synapse about remittances and more after the shift toward digital platforms as a result of the pandemic.

The Future of BaaS Infrastructure is Modular Banking

We’re at an inflection point in the evolution of BaaS and Modular Banking is the next chapter.

Synapse Announces Partnership with American Bank Extending Modular Banking Strategy

The partnership will enable fintech companies to build and deliver innovative digital financial services to their customers. This partnership represents an extension of our modular banking strategy that includes Lineage Bank.

The Third Episode of Under the Hood Addresses Blue Ridge Bank and the OCC

Episode 3 takes a thorough look at the recent agreement between Blue Ridge Bank and the Office of the Comptroller of the Currency (OCC). Sankaet is joined by Kevin Herrington, the president and CEO of Lineage Bank, and Neil Peretz, the Chief Legal Officer of Sawa Credit

Synapse was recognized as the Future of Digital Awards, Platinum Winner for Banking-as-a-Service Innovation

The Future Digital Awards honor technology companies at the forefront of Innovation, Fintech, Payments, Telco, and Digital Services.

The Global Financial Services Infrastructure Should Live in the U.S.

Sankaet Pathak, CEO of Synapse, wrote a by-line published in Global Banking & Finance Review citing a significant shift to digital and online for financial services, yet calling out that the Internet was not designed to meet the current demand for reliable digital banking services effectively.

Reuters covers Synapse’s Success in Brazil and Plan for Other Markets

Reuters interviewed Sankaet Pathak, CEO at Synapse and published a story about Synapse’s success in Brazil, detailing our plans to expand to other Latin American countries, such as Mexico and Argentina, and to Asia, specifically India.

Synapse Won the Top 10 Banking Tech Solution Providers Award

We are honored to be recognized by MyTech Mag, which awarded Synapse the Top 10 Banking Tech Solution Providers Award, and they wrote an article that detailed the features and benefits of the Synapse platform and in particular, Global Cash and highlighted our customer, Nomad.

Announcing the new Synapse Dashboard

We are excited to share the launch of our v3 dashboard. With a focus on reliability and scale, this release was developed to lay a solid foundation for your platform with powerful new languages, tools, and frameworks.

Growing Synapse Amid a Market Slowdown

Recently Business Insider interviewed our CEO, Sankaet Pathak, about growing Synapse amid a VC funding slowdown and a market slump. 

July & August 2022 Release Notes

We’ve added many new features and enhancements to this release.

The Second Episode of Under the Hood Takes a Global Perspective

The new podcast series Under the Hood season 2 continues. In this newly released season, we explore topics that range from design and architecture to regulatory and policy challenges.

April, May, and June Release Notes 2022

We have implemented many new features and enhancements in this three-month time period, and they are listed here.

Introducing the First Episode of Under The Hood Season 2

In this newly released season, we will explore topics that range from design and architecture to regulatory and policy challenges.

Guest Podcast | Banking-as-a-Service & Regulation: A Conversation with Sankaet Pathak of Synapse & Shaul David of Railsr

Sankaet Pathak, CEO of Synapse, joined Jason Mikula this week on Fintech Business Weekly a podcast that features leaders in fintech, and banking. They were joined by Shaul David, Head of Banking at Railsr and they covered a wide range of topics relating to banking as a service and regulation.

We Made The List!

It’s with an overwhelming sense of pride that we announce that Synapse has made the Inc. 5000 list. With 3-year revenue growth of 487%, Synapse ranked No. 1339 among America’s fastest-growing private companies and No. 92 among financial services companies. 

Synapse Welcomes New Bank Partner, Lineage Bank, Expanding Our Multi-Bank Partnership Strategy

We’re delighted to share the news about this partnership which will increase access to best-in-class financial products for fintechs and their customers.

Unlocking the Keys to Success in Modern Finance

Authority Magazine interviewed our CEO, Sankaet Pathak, recently about the five most important things one should know in order to succeed in the modern finance industry. 

PYMNTS.com Taps the Expertise of Synapse's Authentication Experience

PYMNTS.com wrote a feature article on Synapse and its user authentication experience and our behavioral analytics with quotes from our CEO, Sankaet Pathak. 

Introducing Synapse Global Cash

We’re excited to share more news about our recently announced Global Cash product, including a new video and additional product details.

January, February, and March 2022 Release Notes

We added multiple features and enhancements in the months of January, February and March. See the full list here.

Guest Podcast: Why Flat Files Are Still Good

Explore the innovations behind the scenes in the fast paced podcast with our CEO, Sankaet Pathak.

Synapse’s CEO Sankaet Pathak Chosen to The Financial Technology Report’s Top 50 Award

FT Report has selected Synapse Financial Technology’s CEO Sankaet Pathak to their Top 50 Financial Technology CEOs of 2022.

Synapse is Partnering with TrueAccord for Debt Management

December Release Notes

We added several unique enhancements in the month of December.

September, October, and November Release Notes

David Meltzer Interviews Synapse CEO

Synapse’s CEO, Sankaet Pathak was interviewed by David Meltzer and Mike Diamond on the program Office Hours.

Synapse Featured on NASDAQ TradeTalks

Join our CEO, Sankaet Pathak as he speaks with @Jill Malandrino of @Nasdaq #TradeTalks.

July & August Release Notes

We added several substantial features to the platform in July and August.

May & June Release Notes

May and June were productive months for us at Synapse. We added quite a few new features. Here is the list:

April Release Notes

April was a productive month for us at Synapse. We added quite a few new features and made some big infrastructure improvements.

What is the Total Cost of Launching and Maintaining a Fintech? Part 1

Releasing the Handcuffs on Core Deposits: What the FDIC’s New Rule on Brokered Deposits Means for Fintech

Launching With Lending First, The Neolender Is A New Breed of NeoBank

Neolenders offer lending as their first product with other banking products and services integrated into the experience.

Positioning Synapse for Success as We Embark on a Year of Rapid Growth

As the first CFO, I am thrilled to be at the heart of this transformation.

Using Virtual Cards In a Business

A virtual credit or debit card can be used to pay for goods, services and subscriptions online.

How COVID-19 Has Increased Mobile Banking

Mobile banking has become more significant with the pandemic.

How to Build a Neobank

If you're looking to build and launch your own neobank, there are several paths you can take.

How Remote Deposit Capture Works

RDC is a method of processing payments without sending paper checks to the bank.

Welcome, Mike Rasic, Chief Financial Officer

Today we are excited to announce that Mike Rasic has joined Synapse as Chief Financial Officer (CFO).

Introducing Instant Provisioning: Pay Anywhere with Mobile Wallets

Introducing eCash: Deposit Cash with the Ease of a Barcode

Native Processor: Happy Anniversary!

Carla McMorris, Director of Content at Synapse

Today we are excited to announce that Carla McMorris is joining Synapse as our Director of Content.

ID Verification with Deep Learning

At Synapse, we employ modern artificial intelligence techniques based on computer vision and deep learning to automate physical documentation verification.

ID Score

This blog showcases a novel approach to identity verification and a semi-automated retraining pipeline

Data Enrichment 2.0

ID Score: Building the Best KYC Layer

This year, our goal is to become the best KYC provider for developers building on top of Synapse, while not charging a dime for it.

Product Roadmap for 2019

We made our product roadmap public last year. To continue that tradition, we decided to do the same this year.

Remote Deposit Capture (RDC)

Today we are launching support for Remote Deposit Capture on our deposit accounts.

Lending

We are finally announcing our much-anticipated loan origination and servicing product.

We are finally announcing our Series A

Using Science to Improve Financial Well-Being

Over the past few months, our behavioral science team has been researching methods for improving financial well-being. Now, we are internally testing a savings app that is informed by cognitive and behavioral science.

Machine Learning and Transparency

This post provides a brief overview of some recent libraries and theories we feel are particularly promising for AI Ethics.

UI For Card Processing

Improving Financial Access with AI

We are doing some interesting work in image reconstruction. This will help us broaden the scope of people who can have access to quality banking, regardless of camera quality of their cellphones.

Design Lab

Product Roadmap for 2018

Last year was really productive for us, and we plan to continue our product expansion this year

Interchange Processing

Today we are announcing support for interchange processing, for both debit and credit transactions via credit or debit cards.

Interest-bearing and clearing accounts

We are adding interest bearing and clearing accounts in our deposit account products

Subnets: Virtual Account Numbers

We are launching our virtual account issuance product

In Defense of Checks

In this post we summarize our reasoning for choosing checks for our bill pay solution

Solving Bill Pay

Today we are announcing version 1 of our bill pay product.

Updates to Account Aggregation

ACH Updates

UIaaS: Bank Logins

We are releasing a new product, Bank Logins UI; a simple user interface built on top of our Bank Login API.

KYC post Equifax hack

We are making some updates to our KYC stack

Identity, Fraud & AML Guide

This Guide will define identity verification, fraud, anti-money laundering (AML), and how behavioral analytics can help mitigate fraud and money laundering.

Neobanks vs. Traditional Banks Guide

How neobanks are disrupting the banking industry through innovation.

RDFI & ODFI Guide

How Originating and Receiving financial institutions play a critical role in ACH transactions.

Banking APIs Guide

How banking APIs enable open banking by expanding access to financial products and service

Real-Time Payments

Real-time payments can be used for B2B and B2C transactions, payroll, and request for pay.

Open Banking Guide

Open banking gives consumers the power to share their financial data securely with other financial institutions.

Credit Builder Cards & Loans Guide

Find out how credit builder products work and how they can help consumers create or build better credit.

Revolving Loans Guide

Learn what revolving loans are, how they work, and why they’re popular with consumers.

Deposit Accounts Guide

Understand how deposit accounts work, how neobanks and challenger banks make money and how FDIC is covered.

Interchange Revenue Guide

Learn how interchange fees work and why they are so important to fintech revenues.

Virtual Cards Guide

Learn why virtual cards have become so popular, what they are and how they're used in modern transactions.

Banking as a Service Guide

Find out what Banking-as-a-Service means and learn about all of the related terms that influence fintechs.

Global Banking Guide

Find answers about the size and growth of Global Banking, and learn about adjacent sectors.

Buy Now Pay Later Guide

Learn what Buy Now Pay Later is, why it's so popular and what the future holds.

ACH Guide

Find answers to the history of ACH, how it works, and details about the types of transactions and how they work.

Exploring Embedded Finance Solutions

This thought leadership aims to educate business and product leaders about the different elements required to launch a successful embedded finance product.

Topline Revenue Opportunities for Fintechs

This Fintech Revenue Modeling Tool will help you explore how multiple revenue opportunities could impact your business’ top line.

Debit Card Programs: How to Increase Interchange Revenue

Are you a fintech decision maker looking to boost your revenue? Our Thought Leadership Guide explores how switching from Debit to Credit BINs can generate more revenue and maximize benefits for fintechs and end-users. Learn about interchange fees, advantages of Credit Hub, and double interchange revenues. Download now and drive your revenue up to 2X.

Virtual Card Programs: How to Leverage Your Data

This Thought Leadership Guide will explore card authorization flows and the use cases fintech innovators are using to power them.

Unlocking Loyalty: How Credit Builder Card Programs Can Build Strong Customer Relationships

This Thought Leadership Guide will explore how fintechs are innovating new card programs that will help millions of Americans realize the American dream.

A Modern Trust Framework for Identity Verification with a Look to the Future

This Thought Guide explores the strategies fintechs are deploying to get ahead and stay ahead of identity theft, fraud, and money laundering schemes and still deliver great experiences for their users.

Synapse White Paper Compares Financial Services Platform Models for NeoBanks & Card Programs

Tearsheet Profiles Synapse in 2022 BaaS Guide

Tearsheet profiled Synapse in its Banking-as-a-Service Buyer’s Guide 2022, highlighting our mission, product suite, feature set and competitive differentiators.

FT Partners Features Synapse Credit Hub In Their Latest Report

FT Partners interviewed Synapse for their Buy Now Pay Later Industry Report, July 2021.

Synapse Featured in FT Partners Open Banking Report

Recently Synapse was interviewed by FT Partners for their industry-leading Open Banking, Rearchitecting the Financial Landscape Report, March 2021.