The severe, long-term destructive impression of the chapter of banking-as-a-service (BaaS) fintech Synapse can be important “on all of fintech, particularly consumer-facing providers,” one observer has mentioned. Within the wake of that firm’s collapse, different startups within the area are working arduous to show that not all BaaS are created equal.
As companions to fintechs, Unit CEO and co-founder Itai Damti, Synctera CEO and co-founder Peter Hazlehurst, and Treasury Prime common counsel and chief compliance officer Sheetal Parikh are working additional time to make sure their firms are working in a compliant method.
The trio will be a part of us onstage at TechCrunch Disrupt 2024 to debate the challenges going through the business and the way their choices are being constructed to guard the shoppers served by their fintech purchasers. They can even speak concerning the particular methods their firms are working to stop one other debacle just like the one we’re witnessing with Synapse from occurring once more.
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