The serious, long-term negative impact of the bankruptcy of banking-as-a-service (BaaS) fintech Synapse will likely be vital “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 exhausting to show that not all BaaS are created equal.
As companions to fintechs, Unit CEO and co-founder Itai Damti, Synctera chief threat and compliance officer Mitchell Lee, and Treasury Prime normal counsel and chief compliance officer Sheetal Parikh are working time beyond regulation to make sure their firms are working in a compliant method.
The trio will be 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 shoppers. They can even discuss in regards to the particular methods their firms are working to stop one other debacle just like the one we’re witnessing with Synapse from taking place once more.
TechCrunch Disrupt, which will likely be held on the Moscone Heart in San Francisco from October 28 to October 30, is the middle of the startup universe. Be part of greater than 10,000 startup leaders and VC business gamers for 3 days of content material surrounding the most popular matters in startup land, from AI to SaaS to area.
