The bankruptcy of fintech Synapse, a major player in banking-as-a-service (BaaS), is predicted to have a lasting negative impact on the fintech industry, particularly affecting consumer-facing services. This collapse has prompted other startups in the BaaS sector to demonstrate their operational resilience and differentiate themselves from the failed company.
Leaders in the fintech space, including Itai Damti, CEO and co-founder of Unit, Mitchell Lee, chief risk and compliance officer at Synctera, and Sheetal Parikh, general counsel and chief compliance officer at Treasury Prime, are intensifying their efforts to ensure regulatory compliance within their organizations.
At TechCrunch Disrupt 2024, these industry leaders will address the current challenges in the sector and discuss their companies’ strategies for safeguarding the customers of their fintech partners. They will delve into the preventive measures being implemented to avoid future financial crises similar to the Synapse bankruptcy.
TechCrunch Disrupt, scheduled at the Moscone Center in San Francisco from October 28 to October 30, promises to be the epicenter of the startup ecosystem. With over 10,000 startup professionals and venture capitalists in attendance, the event will feature discussions on cutting-edge topics like AI, SaaS, and space technology.
Secure your tickets here.