Welcome to the March issue of Synapse Signal, a quick-read newsletter designed to catch you up on the latest news about Synapse and Banking-as-a-Service.
Synapse Launches FastTrack Program to Re-enable Payment Services in Days
Synapse recognizes that some fintechs have experienced a disruption of service due to bank closures, such as Silicon Valley Bank (SVB) and Signature Bank. We want to be responsive to your needs, so we’ve launched the Synapse FastTrack Program, designed for fintechs to quickly re-enable payment processing services in days.
This program enables fintechs that have simple payment processing use cases and don’t require opening deposit or credit accounts for end users, meaning funds flow to and from your account and the user’s external bank accounts.
Please note, at this time, cryptocurrency and stablecoin use cases are not eligible for the Synapse FastTrack Program.