Why The Supreme Court’s Attack On Federal Agencies Is A Boon For Crypto

Billionaire Steve Cohen’s Point72 Ventures Lays Off Fintech Team In Pivot Towards AI: Five investors, and likely multiple partners, are leaving Cohen’s fund as it shifts focus from fintech, the category where it had made more than half its 100-plus investments.

Khosla Sees AI Arms Race Between U.S. And China, With Values In The Balance: Winner will gain economic influence over many facets of society, VC tells Forbes Iconoclast event.

Is Your Money Really Safe In An ‘FDIC-Insured’ Fintech Account?: As demonstrated by the Synapse bankruptcy, FDIC insurance won't necessarily protect customers if a fintech implodes. Here's what you need to know.

The World’s Largest Banks 2024: JPMorgan Chase Defends Top Spot Overall: While the banking industry is still feeling reverberations from a string of bank failures last spring, 315 banks appear on Forbes’ Global 2000 list, up from 302 last year.

Synapse Management Ousted As Fintech Customers Remain Frozen Out Of Their Accounts: Bankruptcy judge replaces Synapse management with a former FDIC chairman as trustee, as Evolve Bank estimates 200,000 consumers have lost access to their money.

Employee Warns Court That Bankrupt Synapse Isn’t Taking Steps To Orderly Wind Down: Last week, lawyers for the banking-as-a-service startup told a judge that the company, which had been serving 100 fintechs with 10 million customers, was working around the clock to wind down and solve account access problems.

Federal Regulators Won’t Rescue Thousands Of ‘Depositors’ Caught In Synapse Bankruptcy: Federal bank regulators are not coming to rescue the thousands of fintech customers who have lost access to their money.

Judge Says Up To 20 Million Fintech "Depositors" Are At Risk From Synapse Bankruptcy: Tens of thousands of customers have already lost access to more than $114 million of their own funds, as banking-as-a-service business comes under scrutiny.

This Pandemic Boom Town Is Also A Surprisingly Wonderful Place To Retire: Remote workers and retirees alike have flocked to scenic Spokane, driving up home prices. But the city is working through its growing pains.

Old Guard Fintech Giant FIS Puts Startups On Notice With New Atelio Platform For Regional Banks

TabaPay Agrees To Acquire Struggling Synapse’s Assets: TabaPay said the purchase follows a bankruptcy filing by Synapse, a banking-as-a-service fintech backed by Andreessen Horowitz and other VCs.

Troubled Fintech Aspiration Sues Vendor, Alleging Former Exec Was Influenced By Lavish Perks: The one-time highflying neobank for the environmentally-conscious is now suing over an unpaid $4 million bill from fraud prevention fintech Socure.

The Hidden Win For Merchants–And Their Loyal Customers–In The Visa-Mastercard Settlement: Loosened card network rules could pave the way for a new age of discounts and rewards— one where merchants, not banks, hand out more of the incentives.

Revenge Of The Bootstrapped Startup

New CFPB Rule Will Slash Credit Card Late Fees Saving Consumers $10 Billion: The rule will lower average credit card late fees from $32 to $8 dollars for card issuers with more than one million open accounts.

Zelle Volume Heads Towards $1 Trillion, As Banks’ Cash App Spreads To Small Business Payments: The bank-owned network did nearly three times the dollar volume of Venmo in 2023, but fraud concerns are growing.

Why Capital One’s $35 Billion Discover Takeover Will Be A Profit Game Changer: Capital One’s acquisition of also-ran credit card merchant Discover will take advantage of a lucrative exemption in federal law that could prove to be billionaire CEO Richard Fairbank’s crowning achievement.

How A Michigan Woman Used Credit Cards Trick To Allegedly Steal $800,000 In Rented Designer Goods: Her haul included Mira Mikati and Caroline Constas dresses and eight pairs of Gucci sunglasses.

The Future Of Real Estate: Fintech 50 2024: With high interest rates hitting home sales, mortgage refinancing and commercial real estate values, there are fewer Fintech 50 honorees in the category than in years past.

The Future Of Payments: Fintech 50 2024: From startups enabling in-game and international payments to payment processing giant Stripe, nine payments companies made our ninth annual Fintech 50 list this year.

Newcomers To The Fintech 50 2024: The 13 fintech startups making their debut on our ninth annual Fintech 50 list are proving that despite a challenging funding environment, innovation is alive and well.

With Synapse’s Future In Doubt, Mercury Attempts To Jump Ahead Of Other Potential Creditors: With banking-as-a-service startup Synapse struggling, former client Mercury has gone to court to protect its interests in the event of Synapse’s collapse.

From Crypto To T-Bills: Inside Meow’s Hard Pivot: With just 15 employees, these 29-year-old founders are creating a financial supermarket for startups and small businesses.

Businesses Love Rewards Credit Cards. This Startup Is Making Them Easy To Launch.: Imprint has raised a $75 million Series B led by Ribbit Capital to help companies launch co-branded cards with custom rewards. It already works with customers like H-EB.