The collapse of banking-as-a-service (BaaS) fintech company Synapse will have serious, long-term negative effects “on fintech in general, and consumer-facing services in particular,” one observer said. In its wake, other startups in the space are working hard to prove that not all BaaS is created equal.
As fintech partners, Itai Damti, CEO and co-founder at Unit, Mitchell Lee, chief risk and compliance officer at Synctera, and Sheetal Parikh, general counsel and chief compliance officer at Treasury Prime, are working overtime to ensure their companies are operating in a compliant manner.
The three will take to the stage at TechCrunch Disrupt 2024 to discuss the challenges facing the industry and how their products and services are built to protect fintech customers, as well as what specific operations their companies are taking to ensure that a debacle like the one we witnessed with Synapse doesn't happen again.
TechCrunch Disrupt is the epicenter of the startup world, taking place at the Moscone Center in San Francisco from October 28 to October 30. Enjoy three days of content on the hottest topics in the startup world, including AI, SaaS, space, and more, and network with over 10,000 startup leaders and VC industry insiders.
Purchase your tickets here.