Nearly $109 million in deposits held for fintech Yotta’s customers vanished in Synapse collapse, bank says
Ledgers of the failed fintech middleman Synapse show that nearly all the deposits held for customers of the banking app…
Switzerland makes second interest rate cut as major economies diverge on monetary policy easing
The Swiss National Bank on Thursday trimmed its key interest rate by 25 basis points to 1.25%, continuing cuts at…
Klarna rival Zilch raises $125 million with aim to triple sales and accelerate path to IPO
LONDON — British fintech firm Zilch said Wednesday it’s raised $125 million in debt financing from German banking giant Deutsche…
Sen. Warren warns Powell against weakening banking regulations: ‘Do your job’
Sen. Elizabeth Warren, D-Mass., is accusing Federal Reserve Chair Jerome Powell of doing the financial industry’s bidding by considering changes…
Fintech has hit a bottom after plunge in valuations and squeeze on funding, execs and VCs say
AMSTERDAM — The financial technology industry is embracing a new normal — with some industry executives and investors believing the…
Robotics startup cofounded by Synapse CEO is raising funds with exaggerated claims about GM ties
A humanoid robotics startup cofounded by the CEO of bankrupt fintech firm Synapse has canvassed Silicon Valley investors for funds…
Affirm buy now, pay later loans will be embedded into Apple Pay later this year
Apple device users will soon be able to tap into buy now, pay later loans from Affirm for purchases, the…
Home equity is near a record high. Tapping it may be tricky due to high interest rates
Home equity is near all-time highs. But tapping it may be tough due to high interest rates, according to financial…
Synapse bankruptcy trustee says $85 million of customer savings is missing in fintech meltdown
There is an $85 million shortfall between what partner banks of fintech middleman Synapse are holding and what depositors are…
