Get the latest tech news

Synapse’s collapse has frozen nearly $160M from fintech users — here’s how it happened


The debacle has left observers questioning the banking-as-a-service concept and digital banking as a whole.

India’s ONDC has launched digital lending on its network as it expands into financial services after powering e-commerce, mobility and logistics with its standardized framework. Apple continues to adjust its approach to compliance with the European Union’s Digital Markets Act (DMA): Announcing another batch of changes Thursday, the iPhone maker showed off redesigned browser choice… Microsoft demonstrated its leadership in accessible gaming hardware again on Wednesday with the announcement of a new one-handed joystick controller for Xbox and PC.

Get the Android app

Or read this on TechCrunch

Read more on:

Photo of collapse

collapse

Photo of Synapse

Synapse

Photo of fintech users

fintech users

Related news:

News photo

Iran’s WiFi Attacked—‘Reported Collapse’ As Israeli Hackers Strike

News photo

AI Models Face Collapse If They Overdose On Their Own Output

News photo

AI models face collapse if they overdose on their own output