857. News: What does Synapse’s collapse signify for the future of BaaS?

Join hosts David Barton-Grimley, Will Jones and some great guests as we talk about the most notable fintech, financial services and banking news from the past week, including: TabaPay pull out from buying bankrupt Synapse, Chime's new advance wage product, and the rise in ultra-long mortgages.
This week's guests include:

• Jason Mikula, Publisher, Fintech Business Weekly

• Aditi Subbarao, Global Financial Services Lead at Instabase

We cover the following stories from the fintech and financial services space:

• Infighting among fintech players has caused TabaPay to ‘pull out’ from buying bankrupt Synapse (www.google.com...)

• Chime debuts advance wage product ahead of anticipated IPO (www.reuters.co...)

• Rise in ultra-long mortgages ‘poses risk to UK retirement prospects’ (amp.theguardia...)

• AI roundup: Klarna says 90 percent of its’ employees are using generative AI daily (www.cnbc.com/2...) , and Bunq makes GenAI assistant fully conversational (www.finextra.c...)

• . Taylor Swift’s Eras Tour worth £1bn to UK economy, says Barclays (www.bbc.com/ne...)

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Fintech Insider by 11:FS is a bi-weekly podcast dedicated to all things finance, banking, technology, and financial services.
Our expert hosts, with real industry experience, are joined by the biggest decision-makers, VCs, and reporters from across financial services including guests from Visa, Nubank, M-Pesa, Starling, and JP Morgan Chase to discuss the latest news, developments, and trends within the industry.
Our weekly news show drops every Monday and tackles the biggest news stories, from acquisitions and launches, to regulatory changes and innovation. Then, every Friday our Insights show dives deeper into the hottest topics shaping the industry like web3 and BNPL.
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[@yangkang9262]

I really hope that the customer funds were not wasted on operational expenses within Synapse.

[@ccbamatx99]

Is that rhetorical?