Synapse Blog

Synapse’s CEO, Sankaet Pathak was interviewed by David Meltzer and Mike Diamond on the program Office Hours recently.

Join our CEO, Sankaet Pathak as he speaks with @Jill Malandrino of @Nasdaq #TradeTalks.

We added several substantial features to the platform in July and August.

Yotta wants to help Americans find financial security by making saving fun.

We recently announced our new platform, Credit Hub, and now I’m excited to share an overview and the product details with you in this blog post.

FT Partners interviewed Synapse for their Buy Now Pay Later Industry Report, July 2021. 

May and June were productive months for us at Synapse. We added quite a few new features.

Gig Wage partners with Synapse to help every company around the world pay every gig worker in a modern way.

Donut partners with Synapse to connect digital banking with crypto to provide the bridge from traditional banking to DeFi.

Recently Synapse was interviewed by FT Partners for their industry-leading Open Banking, Rearchitecting the Financial Landscape Report, March 2021. 

Bridge21 empowers customers to send funds from any US bank account to any Mexican bank account using blockchain as its infrastructure for remittances.

LVL is a financial services provider that delivers cryptocurrencies and banking services. They want to make buying and spending crypto as easy as online shopping. 

April was a productive month for us at Synapse. We added quite a few new features and made some big infrastructure improvements.

Welcome back to our final episode of series one of Under The Hood from 11:FS and Synapse.

Welcome back to episode 9 of the new series Under The Hood from 11:FS and Synapse.

Welcome back to episode 8 of the new series Under The Hood from 11:FS and Synapse.

When Brazilians travel abroad they are basically unbanked. Nomad wants to be their bank while they’re away.

Welcome back to episode 7 of the new series Under The Hood from 11:FS and Synapse.

Welcome back to episode 6 of the new series Under The Hood from 11:FS and Synapse.

Welcome back to the fifth podcast of the new series Under The Hood from 11:FS and Synapse.

Welcome back to the fourth episode of the new series Under The Hood from 11:FS and Synapse.

Synapse helps Quo deliver One-time Loans instantly to members who need a loan for an unplanned expense.

Welcome back to the third podcast of the new series Under The Hood from 11:FS and Synapse.

We’re happy to share the second podcast of the new series Under The Hood from 11:FS and Synapse.

Today we are excited to unveil the first podcast of Under The Hood from 11:FS and Synapse.

This month we’re highlighting Kathryn McDonell, Head of Compliance at Synapse.

Neolenders offer lending as their first product with other banking products and services integrated into the experience.

As the first CFO, I am thrilled to be at the heart of this transformation.

A virtual credit or debit card can be used to pay for goods, services and subscriptions online.

Mobile banking has become more significant with the pandemic.

ACH empowers consumers and businesses to create an effective banking channel.

If you're looking to build and launch your own neobank, there are several paths you can take.

RDC is a method of processing payments without sending paper checks to the bank.

Today we are excited to announce that Mike Rasic has joined Synapse as Chief Financial Officer (CFO).

This month we’re highlighting Matt Freeland, a dedicated product engineer.

BaaS is empowering companies with the ability to offer banking services without needing to be a bank.

This feature gives cardholders the ability to connect their Synapse powered debit cards to their mobile devices in one click.

In this blog we will explain how it works and highlight how companies are using it to benefit their customers.

Today, we’re excited to announce eCash mobile cash deposits.

Just last month, Synapse’s native card processor celebrated its first birthday.

Today we are excited to announce that Carla McMorris is joining Synapse as our Director of Content.

At Synapse, we employ modern artificial intelligence techniques based on computer vision and deep learning to automate physical documentation verification.

This blog showcases a novel approach to identity verification and a semi-automated retraining pipeline

Our new enrichment product improves accuracy and adds more contextual data to the transaction feed.

So we’re excited to announce Chatbot — a powerful platform that is able to take over support for platforms/developers/customers.

Customer Support on weekends and we are committing to 99.99% reliability on all non-beta products starting August.

This year, our goal is to become the best KYC provider for developers building on top of Synapse, while not charging a dime for it.

We raised our Series B this year. The round was led by a16z, with participation from our existing investors Trinity and Core along with few of our friends from the industry.

We made our product roadmap public last year. To continue that tradition, we decided to do the same this year.

Today we are launching support for Remote Deposit Capture on our deposit accounts.

We are finally announcing our much-anticipated loan origination and servicing product.

We raised our Series A end of last year. We never really got around to announcing it, so I am doing it now.

A new deposit product for escrow, payment and crowdfunding applications.

Starting next week, all the savings accounts will also get $16M in FDIC coverage per user. We call this feature Multi-Bank.

Earlier this year we launched a Bitcoin Wallet. We learned a ton from it, and today we are adding support for Ethereum and upgrading our wallet architecture.

Over the past few months, our behavioral science team has been researching methods for improving financial well-being. Now, we are internally testing a savings app that is informed by cognitive and behavioral science.

This post provides a brief overview of some recent libraries and theories we feel are particularly promising for AI Ethics.

Today we are launching our first Crypto Wallet for Bitcoin with the goal to make buying and selling crypto currencies as easy as funding a deposit account.

Today we are launching our new UIaaS product for card processing, which is built on top of our INTERCHANGE-US API

We are doing some interesting work in image reconstruction. This will help us broaden the scope of people who can have access to quality banking, regardless of camera quality of their cellphones.

Now companies can issue white labeled debit card for individuals and businesses with Synapse

Today we are launching our Design Lab with the goal to help improve user experience of financial products

Last year was really productive for us, and we plan to continue our product expansion this year

Today we are announcing our new client management platform!

Today we are announcing support for interchange processing, for both debit and credit transactions via credit or debit cards.

We are looking for engineers with strong ethical code (pun intended)

We believe we can use CBS to affect positive long-lasting changes to people’s financial behaviors and here is our plan

We are adding interest bearing and clearing accounts in our deposit account products

We are launching our virtual account issuance product

In this post we summarize our reasoning for choosing checks for our bill pay solution

Today we are announcing version 1 of our bill pay product.

We have been hard at work at our account aggregation stack and today we are announcing several improvements to the technology

Today we are announcing support for same day ACH and also extending our batch times

We are releasing a new product, Bank Logins UI; a simple user interface built on top of our Bank Login API.

We are making some updates to our KYC stack

We are changing how we fundamentally approach deposit accounts

Today I am very excited to announce Insto; our instant account opening tool.

Today we are changing our name from SynapsePay to SynapseFI.

Video Auth is a simple and automated way to verify customer identity via a 5 second video recording.

Today we are deploying an upgraded CORE infrastructure on our sandbox.

In this post we go over some of the best practices that should be followed while building out an application in PHP.

Today we are announcing new updates to our computer vision stack!

In this post we go over some of the best practices that should be followed while building out an application.

In this post we go over how easy it is to build an automated savings bot in Slack using our APIs.

We have updated our Python, Ruby, and Node libraries! Restructured classes, improved error handling & some new convenience methods.

We are releasing our new & improved Dashboard; a simple user interface built for your Synapse related activity.

Announcing our new KYC (Know-Your-Customer) tools

This new service helps keep your platform secure & compliant.

Synapse accounts are now FDIC insured up to a balance of $250,000.

Starting today, photo IDs will be verified in 10 seconds or less

A new webhook subscription service (that's more robust & fault tolerant)

We're open sourcing a couple tools. More to come!