Welcome to the November issue of Synapse Signal, a quick-read newsletter designed to catch you up on the latest news about Synapse and Banking-as-a-Service.
Introducing Modular Banking
As the Fintech industry has evolved, the need for comprehensive services has grown. This evolution has led to the rise of Banking-as-a-Service (BaaS), where Fintechs can embed their use cases relatively quickly via APIs. We believe that we are at an inflection point in Fintech and BaaS, and that Modular Banking represents the next chapter.
Modular Banking is 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. We are excited about what Modular Banking can bring to the industry. Our goal is to extend this benefit to all of our customers over time.
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