Do you use a fintech partnered with a bank? You should understand the bigger risks involved.

mo4644
Jan 31
1 min read

Do you use a fintech partnered with a bank? You should understand the bigger risks involved. Promises of FDIC insurance aren't valid if the fintech hasn't been compliant with certain regulations.

Terrible story:

https://www.cnbc.com/2024/11/22/synapse-bankruptcy-thousands-of-americans-see-their-savings-vanish.html

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