Synapse Resources

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 cryptocurrencies and remittances after the shift toward digital platforms as a result of the pandemic.

Synapse Partners with Utoppia

Synapse is partnering with Utoppia, a U.S.-based fintech, which is leveraging the Synapse platform to offer a borderless account, based in the U.S., designed for non-U.S. residents with global financial needs.

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, banking, and crypto. 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.

FT Partners Profiles Synapse in The Blockchain Economy Report

We are excited to share that Synapse was profiled by FT Partners for The Blockchain Economy report recently.

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

Multi-Bank Savings Accounts

Starting next week, all the savings accounts will also get $16M in FDIC coverage per user. We call this feature Multi-Bank.

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.

Bitcoin Wallet — Our First Crypto Wallet

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

Insto: Instant Account Opening

Today I am very excited to announce Insto; our instant account opening tool.

SynapsePay is now SynapseFI

Today we are changing our name from SynapsePay to SynapseFI.

Video Auth

Video Auth is a simple and automated way to verify customer identity via a 5 second video recording.

New CORE

Today we are deploying an upgraded CORE infrastructure on our sandbox.

Security Blog: PHP

In this post we go over some of the best practices that should be followed while building out an application in PHP.

ID Verification Improvements

Today we are announcing new updates to our computer vision stack!

Security Blog: OWASP

In this post we go over some of the best practices that should be followed while building out an application.

Building with Synapse: Slackbot

In this post we go over how easy it is to build an automated savings bot in Slack using our APIs.

Client Libraries

We have updated our Python, Ruby, and Node libraries! Restructured classes, improved error handling & some new convenience methods.

Dashboard

We are releasing our new & improved Dashboard; a simple user interface built for your Synapse related activity.

KYC 2.0

Announcing our new KYC (Know-Your-Customer) tools

Security as a Service

This new service helps keep your platform secure & compliant.

~Real-time ID Verification

Starting today, photo IDs will be verified in 10 seconds or less

Subscription Webhooks

A new webhook subscription service (that's more robust & fault tolerant)

REST V3, native libraries & more

We're open sourcing a couple tools. More to come!

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

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.

Stablecoins Guide

Find answers to what stablecoins are, how they work, and why they're so popular.

Interchange Revenue Guide

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

Crypto Wallets Guide

Get answers to your crypto wallet questions including how they work, what types are available, and their value for fintechs.

Virtual Cards Guide

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

ACH Guide

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

Banking as a Service Guide

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

Buy Now Pay Later Guide

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

Global Banking Guide

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

Decentralized Finance Guide

Learn about DeFi's history, how it works and where it fits in the crypto ecosystem.

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

FT Partners Profiles Synapse in The Blockchain Economy Report

We are excited to share that Synapse was profiled by FT Partners for The Blockchain Economy report recently.

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.