Synapse is partnering with Lineage Bank to make it faster and easier for fintech companies to launch and scale a wide range of financial services and products. A part of Synapse’s multi-bank strategy, the partnership will enable fintech companies and other non-banks to build and deliver innovative financial apps and services.

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“Lineage is a nimble, fast-moving bank that recognizes the power of the BaaS space to serve more customers,” said Sankaet Pathak, CEO of Synapse.

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Lineage Bank, a traditional community bank based in Franklin, Tennessee will serve as a sponsor bank to Synapse and its affiliates, providing core banking services such as FDIC deposit insurance, payment processing, and card issuance. 

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“Lineage is committed to staying on the leading edge of banking technology to better serve our local customers and reach new ones,“ said Kevin Herrington, CEO of Lineage Bank.