The Federal Deposit Insurance Corporation (FDIC) has issued a stringent consent order to Thread Bank, based in Rogersville, Tennessee, necessitating significant improvements in its banking-as-a-service (BaaS) oversight. This move underscores the regulator's commitment to ensure robust risk
Banking-as-a-Service (BaaS) and the food delivery sector are undergoing notable transformations. The BaaS industry faces serious challenges, whereas DoorDash is making strides by integrating SNAP/EBT payments through a partnership with Forage. These two parallel yet distinct developments highlight
The unfolding story of Synapse's bankruptcy has shed harsh light on an unsettling trend within the FinTech and Banking as a Service (BaaS) sectors: the urgent need for better governance and transparency when it comes to managing user funds. This has thrown open the doors to a conversation that
Germany's Solarisbank, a prominent figure in the embedded finance industry, has achieved a new milestone with the closure of a significant Series D financing round, amassing €96 million. This injection of funds, championed by SBI Group and backed by the company's existing investors, signifies a
The financial industry is undergoing a transformation with the rise of Banking-as-a-Service (BaaS), where traditional banking's stability meets fintech's nimbleness. BaaS, which operates through advanced application programming interfaces (APIs), is changing the financial landscape by making data
Overview of Funding Success A Strong Financial Injection Solaris SE, a prominent Banking-as-a-Service (BaaS) provider, has recently celebrated a significant achievement by successfully wrapping up its Series F funding round. The company secured a substantial €96 million, with the SBI Group taking
