Synapse Announces New Policy & Regulatory Advisory Board

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Synapse Resources

All
Blog Posts
Guides
Thought Leadership
Reports
Blog Posts
March 23, 2023

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.

Learn more
Blog Posts
March 23, 2023

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.

Learn more
Thought Leadership
March 22, 2023

Debit Card Programs: How to Increase Interchange Revenue

This Thought Leadership Guide will explore how fintechs can generate more revenue simply by switching from debit to credit.

Learn more
Thought Leadership
March 22, 2023

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.

Learn more
Thought Leadership
March 22, 2023

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.

Learn more
Blog Posts
March 14, 2023

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!

Learn more
Blog Posts
March 13, 2023

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.

Learn more
Blog Posts
February 14, 2023

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.

Learn more
Blog Posts
February 1, 2023

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.

Learn more
Thought Leadership
January 31, 2023

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.

Learn more
Guides
January 23, 2023

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.

Learn more
Blog Posts
January 18, 2023

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.

Learn more
Blog Posts
January 17, 2023

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.

Learn more
Reports
January 11, 2023

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.

Learn more
Blog Posts
January 4, 2023

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.

Learn more
Blog Posts
December 21, 2022

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.

Learn more
Blog Posts
December 20, 2022

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. 

Learn more
Blog Posts
December 15, 2022

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. 

Learn more
Blog Posts
December 6, 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.

Learn more
Blog Posts
December 5, 2022

September & October 2022 Release Notes

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

Learn more
Blog Posts
November 17, 2022

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.

Learn more
Blog Posts
November 15, 2022

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.

Learn more
Blog Posts
October 24, 2022

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.

Learn more
Blog Posts
October 24, 2022

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.

Learn more
Blog Posts
October 20, 2022

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.

Learn more
Blog Posts
October 20, 2022

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.

Learn more
Blog Posts
October 18, 2022

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

Learn more
Blog Posts
October 11, 2022

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.

Learn more
Blog Posts
October 7, 2022

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.

Learn more
Blog Posts
October 6, 2022

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.

Learn more
Blog Posts
October 5, 2022

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.

Learn more
Blog Posts
October 3, 2022

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.

Learn more
Blog Posts
September 30, 2022

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. 

Learn more
Blog Posts
September 29, 2022

July & August 2022 Release Notes

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

Learn more
Blog Posts
September 28, 2022

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.

Learn more
Blog Posts
September 6, 2022

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.

Learn more
Guides
August 25, 2022

Neobanks vs. Traditional Banks Guide

How neobanks are disrupting the banking industry through innovation.

Learn more
Blog Posts
August 23, 2022

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.

Learn more
Podcasts
August 19, 2022

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.

Learn more
Blog Posts
August 18, 2022

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. 

Learn more
Blog Posts
August 16, 2022

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.

Learn more
Guides
August 11, 2022

RDFI & ODFI Guide

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

Learn more
Blog Posts
August 5, 2022

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. 

Learn more
Blog Posts
August 4, 2022

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. 

Learn more
Guides
June 24, 2022

Banking APIs Guide

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

Learn more
Guides
June 9, 2022

Real-Time Payments

Learn more
Guides
May 26, 2022

Open Banking Guide

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

Learn more
Blog Posts
May 24, 2022

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.

Learn more
Blog Posts
May 9, 2022

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.

Learn more
Blog Posts
April 8, 2022

Guest Podcast: Why Flat Files Are Still Good

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

Learn more
Guides
March 31, 2022

Credit Builder Cards & Loans Guide

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

Learn more
Guides
March 31, 2022

Revolving Loans Guide

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

Learn more
Blog Posts
March 24, 2022

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.

Learn more
Guides
March 11, 2022

Deposit Accounts Guide

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

Learn more
Blog Posts
February 2, 2022

Synapse is Partnering with TrueAccord for Debt Management

Learn more
Guides
February 1, 2022

Interchange Revenue Guide

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

Learn more
Blog Posts
January 26, 2022

December Release Notes

We added several unique enhancements in the month of December.

Learn more
Guides
January 18, 2022

Virtual Cards Guide

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

Learn more
Guides
December 30, 2021

ACH Guide

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

Learn more
Guides
December 30, 2021

Banking as a Service Guide

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

Learn more
Guides
December 30, 2021

Buy Now Pay Later Guide

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

Learn more
Guides
December 30, 2021

Global Banking Guide

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

Learn more
Blog Posts
December 29, 2021

September, October, and November Release Notes

Learn more
Thought Leadership
November 18, 2021

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

Learn more
Blog Posts
October 28, 2021

David Meltzer Interviews Synapse CEO

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

Learn more
Blog Posts
October 22, 2021

Synapse Featured on NASDAQ TradeTalks

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

Learn more
Blog Posts
September 30, 2021

July & August Release Notes

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

Learn more
Blog Posts
August 17, 2021

Introducing Credit Hub

We recently announced our new platform, Credit Hub, and now I’m excited to share an overview and the product details with you in this blog post.

Learn more
Reports
August 3, 2021

FT Partners Features Synapse Credit Hub In Their Latest Report

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

Learn more
Blog Posts
July 24, 2021

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:

Learn more
Blog Posts
July 14, 2021

Comparing ACH, Push-to-Card, and Real-Time Payments

Learn more
Reports
June 22, 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.

Learn more
Blog Posts
May 18, 2021

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.

Learn more
Blog Posts
May 13, 2021

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

Learn more
Blog Posts
April 9, 2021

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

Learn more
Blog Posts
February 3, 2021

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.

Learn more
Blog Posts
February 1, 2021

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.

Learn more
Blog Posts
January 29, 2021

Using Virtual Cards In a Business

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

Learn more
Blog Posts
January 15, 2021

How COVID-19 Has Increased Mobile Banking

Mobile banking has become more significant with the pandemic.

Learn more
Blog Posts
January 14, 2021

How ACH Payments can help your business

ACH empowers consumers and businesses to create an effective banking channel.

Learn more
Blog Posts
January 8, 2021

How to Build a Neobank

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

Learn more
Blog Posts
December 29, 2020

How Remote Deposit Capture Works

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

Learn more
Blog Posts
December 22, 2020

Welcome, Mike Rasic, Chief Financial Officer

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

Learn more
Blog Posts
December 11, 2020

How Banking-as-a-Service is Reimagining Banking

BaaS is empowering companies with the ability to offer banking services without needing to be a bank.

Learn more
Blog Posts
December 9, 2020

Introducing Instant Provisioning: Pay Anywhere with Mobile Wallets

Learn more
Blog Posts
November 24, 2020

Card Processing: Approve or Deny Every Transaction in Real-time

In this blog we will explain how it works and highlight how companies are using it to benefit their customers.

Learn more
Blog Posts
October 23, 2020

Introducing eCash: Deposit Cash with the Ease of a Barcode

Learn more
Blog Posts
October 6, 2020

Native Processor: Happy Anniversary!

Learn more
Blog Posts
September 8, 2020

Carla McMorris, Director of Content at Synapse

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

Learn more
Blog Posts
June 19, 2020

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.

Learn more
Blog Posts
April 27, 2020

ID Score

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

Learn more
Blog Posts
April 21, 2020

Account Aggregation — How It’s Affecting Your Accounts Today and How It’s Changing

Learn more
Blog Posts
April 17, 2020

Data Enrichment 2.0

Learn more
Blog Posts
January 20, 2020

All-In-One Banking Chatbot

So we’re excited to announce Chatbot — a powerful platform that is able to take over support for platforms/developers/customers.

Learn more
Blog Posts
July 15, 2019

99.99%

Customer Support on weekends and we are committing to 99.99% reliability on all non-beta products starting August.

Learn more
Blog Posts
June 20, 2019

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.

Learn more
Blog Posts
March 26, 2019

Product Roadmap for 2019

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

Learn more
Blog Posts
October 22, 2018

Remote Deposit Capture (RDC)

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

Learn more
Blog Posts
September 24, 2018

Lending

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

Learn more
Blog Posts
September 4, 2018

We are finally announcing our Series A

Learn more
Blog Posts
March 23, 2023

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.

Learn more
Blog Posts
March 23, 2023

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.

Learn more
Blog Posts
March 14, 2023

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!

Learn more
Blog Posts
March 13, 2023

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.

Learn more
Blog Posts
February 14, 2023

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.

Learn more
Blog Posts
February 1, 2023

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.

Learn more
Blog Posts
January 18, 2023

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.

Learn more
Blog Posts
January 17, 2023

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.

Learn more
Blog Posts
January 4, 2023

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.

Learn more
Blog Posts
December 21, 2022

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.

Learn more
Blog Posts
December 20, 2022

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. 

Learn more
Blog Posts
December 15, 2022

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. 

Learn more
Blog Posts
December 6, 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.

Learn more
Blog Posts
December 5, 2022

September & October 2022 Release Notes

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

Learn more
Blog Posts
November 17, 2022

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.

Learn more
Blog Posts
November 15, 2022

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.

Learn more
Blog Posts
October 24, 2022

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.

Learn more
Blog Posts
October 24, 2022

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.

Learn more
Blog Posts
October 20, 2022

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.

Learn more
Blog Posts
October 20, 2022

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.

Learn more
Blog Posts
October 18, 2022

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

Learn more
Blog Posts
October 11, 2022

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.

Learn more
Blog Posts
October 7, 2022

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.

Learn more
Blog Posts
October 6, 2022

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.

Learn more
Blog Posts
October 5, 2022

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.

Learn more
Blog Posts
October 3, 2022

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.

Learn more
Blog Posts
September 30, 2022

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. 

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Blog Posts
September 29, 2022

July & August 2022 Release Notes

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

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Blog Posts
September 28, 2022

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.

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Blog Posts
September 6, 2022

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.

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Blog Posts
August 23, 2022

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.

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Podcasts
August 19, 2022

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.

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Blog Posts
August 18, 2022

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. 

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Blog Posts
August 16, 2022

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.

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Blog Posts
August 5, 2022

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. 

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Blog Posts
August 4, 2022

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. 

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Blog Posts
May 24, 2022

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.

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Blog Posts
May 9, 2022

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.

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Blog Posts
April 8, 2022

Guest Podcast: Why Flat Files Are Still Good

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

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Blog Posts
March 24, 2022

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.

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Blog Posts
February 2, 2022

Synapse is Partnering with TrueAccord for Debt Management

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Blog Posts
January 26, 2022

December Release Notes

We added several unique enhancements in the month of December.

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Blog Posts
December 29, 2021

September, October, and November Release Notes

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Blog Posts
October 28, 2021

David Meltzer Interviews Synapse CEO

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

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Blog Posts
October 22, 2021

Synapse Featured on NASDAQ TradeTalks

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

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Blog Posts
September 30, 2021

July & August Release Notes

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

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Blog Posts
July 24, 2021

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:

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Blog Posts
May 18, 2021

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.

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Blog Posts
May 13, 2021

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

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Blog Posts
April 9, 2021

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

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Blog Posts
February 3, 2021

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.

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Blog Posts
February 1, 2021

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.

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Blog Posts
January 29, 2021

Using Virtual Cards In a Business

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

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Blog Posts
January 15, 2021

How COVID-19 Has Increased Mobile Banking

Mobile banking has become more significant with the pandemic.

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Blog Posts
January 8, 2021

How to Build a Neobank

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

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Blog Posts
December 29, 2020

How Remote Deposit Capture Works

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

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Blog Posts
December 22, 2020

Welcome, Mike Rasic, Chief Financial Officer

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

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Blog Posts
December 9, 2020

Introducing Instant Provisioning: Pay Anywhere with Mobile Wallets

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Blog Posts
October 23, 2020

Introducing eCash: Deposit Cash with the Ease of a Barcode

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Blog Posts
October 6, 2020

Native Processor: Happy Anniversary!

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Blog Posts
September 8, 2020

Carla McMorris, Director of Content at Synapse

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

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Blog Posts
June 19, 2020

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.

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Blog Posts
April 27, 2020

ID Score

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

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Blog Posts
April 17, 2020

Data Enrichment 2.0

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Blog Posts
June 20, 2019

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.

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Blog Posts
March 26, 2019

Product Roadmap for 2019

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

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Blog Posts
October 22, 2018

Remote Deposit Capture (RDC)

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

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Blog Posts
September 24, 2018

Lending

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

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Blog Posts
September 4, 2018

We are finally announcing our Series A

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Blog Posts
August 27, 2018

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.

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Blog Posts
June 26, 2018

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.

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Blog Posts
May 14, 2018

Machine Learning and Transparency

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

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Blog Posts
May 2, 2018

UI For Card Processing

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Blog Posts
April 16, 2018

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.

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Blog Posts
February 28, 2018

Design Lab

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Blog Posts
January 19, 2018

Product Roadmap for 2018

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

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Blog Posts
January 9, 2018

Interchange Processing

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

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Blog Posts
October 28, 2017

Interest-bearing and clearing accounts

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

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Blog Posts
October 25, 2017

Subnets: Virtual Account Numbers

We are launching our virtual account issuance product

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Blog Posts
October 23, 2017

In Defense of Checks

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

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Blog Posts
October 9, 2017

Solving Bill Pay

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

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Blog Posts
October 4, 2017

Updates to Account Aggregation

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Blog Posts
October 2, 2017

ACH Updates

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Blog Posts
September 29, 2017

UIaaS: Bank Logins

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

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Blog Posts
September 21, 2017

KYC post Equifax hack

We are making some updates to our KYC stack

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Blog Posts
August 14, 2017

Insto: Instant Account Opening

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

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Blog Posts
August 8, 2017

SynapsePay is now SynapseFI

Today we are changing our name from SynapsePay to SynapseFI.

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Blog Posts
February 28, 2017

Video Auth

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

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February 8, 2017

New CORE

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

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Blog Posts
January 30, 2017

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.

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Blog Posts
January 26, 2017

ID Verification Improvements

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

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Blog Posts
December 23, 2016

Security Blog: OWASP

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

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Blog Posts
December 14, 2016

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.

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Blog Posts
December 12, 2016

Client Libraries

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

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Blog Posts
December 7, 2016

Dashboard

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

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Blog Posts
May 19, 2016

KYC 2.0

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

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Blog Posts
March 8, 2016

Security as a Service

This new service helps keep your platform secure & compliant.

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Blog Posts
December 8, 2015

~Real-time ID Verification

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

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Blog Posts
November 9, 2015

Subscription Webhooks

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

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October 16, 2015

REST V3, native libraries & more

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

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Guides
January 23, 2023

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.

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Guides
August 25, 2022

Neobanks vs. Traditional Banks Guide

How neobanks are disrupting the banking industry through innovation.

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Guides
August 11, 2022

RDFI & ODFI Guide

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

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Guides
June 24, 2022

Banking APIs Guide

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

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Guides
June 9, 2022

Real-Time Payments

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Guides
May 26, 2022

Open Banking Guide

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

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Guides
March 31, 2022

Credit Builder Cards & Loans Guide

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

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Guides
March 31, 2022

Revolving Loans Guide

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

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Guides
March 11, 2022

Deposit Accounts Guide

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

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Guides
February 1, 2022

Interchange Revenue Guide

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

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Guides
January 18, 2022

Virtual Cards Guide

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

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Guides
December 30, 2021

ACH Guide

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

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Guides
December 30, 2021

Banking as a Service Guide

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

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Guides
December 30, 2021

Buy Now Pay Later Guide

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

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Guides
December 30, 2021

Global Banking Guide

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

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Thought Leadership
March 22, 2023

Debit Card Programs: How to Increase Interchange Revenue

This Thought Leadership Guide will explore how fintechs can generate more revenue simply by switching from debit to credit.

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Thought Leadership
March 22, 2023

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.

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Thought Leadership
March 22, 2023

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.

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Thought Leadership
January 31, 2023

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.

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Thought Leadership
November 18, 2021

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

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Reports
January 11, 2023

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.

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Reports
August 3, 2021

FT Partners Features Synapse Credit Hub In Their Latest Report

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

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Reports
June 22, 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.

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