Synctera

We're pleased to share that Synctera is now registered as a Money Services Business ("MSB"), which means that we're now considered a federally regulated "financial institution." Why should banks, FinTech customers, and investors care?  Read more from our General Counsel, Conway Ekpo, AIGP, CIPP/US https://lnkd.in/gaHg5_ck

FinTech never sleeps and neither do the best Money20/20 parties. 🎶🍹 We're teaming up with our partners Hello Clever and Finix to bring you FinTech After Dark, a late-night party at Money20/20 you won't want to miss, featuring: 🎧 DJ spinning all night  🍸 Specialty cocktails  💬 Great conversation on the future of FinTech & embedded finance We'll see you at the Electra Cocktail Club on Monday, October 19th from 9pm to midnight. Space is limited so secure your spot today using the link below! 👇 🔗 https://luma.com/g9ziip0n

Our CEO, Peter Hazlehurst, sat down with LoanPro for Fintech Tea and made the math on Banking as a Service simple: “15 programs, each paying $20k a month in platform fees and minimums. That's $300k a month of pure margin to a community bank…a better way of raising and executing than trying to buy another branch and expand the platform.” It’s not free money and not free to execute, but it’s smarter and more efficient than normal bank expansion, even if it still takes real work.

The BaaS industry's challenge has evolved from quickly launching new FinTech programs, to focusing on how banks should manage the compliance and operational risks that come with the model. Now, banks face a further shift: designing effective controls is no longer enough, banks must also continuously prove that those controls are actually working. This evolution creates a framework for how banking leaders should think about modern sponsor banking architecture, which can be broken down into three key capabilities: 1. Orchestration 2. Control  3. Observability Each layer builds on the last: orchestration enables activity, control governs it, and observability proves governance is working. Learn more in our newest whitepaper, developed with Alloy Labs, using the link below! https://lnkd.in/gsj9cYqS

The BaaS industry has gone through an evolution in recent years and with this comes a framework for where the industry is headed. Our CPO, Ellen Linardi, sat down with Jason Henrichs, Jason Mikula and Reid Whiting (Lincoln Savings Bank) for the Breaking Banks Fintech Podcast to dive deep into the BaaS evolution and how sponsor banks should be thinking about both their role and tech architecture. The key takeaway? Success in BaaS no longer depends on adding capabilities incrementally. It depends on intentionally architecting an integrated operating model that connects governance, risk, operations, and technology. The next generation of sponsor banks will be defined not by the individual capabilities they support, but by how cohesively those capabilities function as a single operating model. The discussion centers around Synctera and Alloy Labs new whitepaper which lays out the framework for the capabilities a modern sponsor bank needs to effectively launch and scale programs. This framework is broken down into three key areas: 1. Orchestration enables banks and FinTechs to launch programs efficiently 2. Control enables banks to govern risk across customers, partners, payments, and operations 3. Observability enables banks to continuously monitor and demonstrate that those controls remain effective over time Listen to the full episode and download the whitepaper using the link below: https://lnkd.in/gMmcxruk

We're excited to announce that CCBank has partnered with Synctera to launch credit card products for their business and consumer customers! Credit cards are now the most common way consumers pay for everyday purchases, yet only about 15% of regional and community banks currently offer them. This isn’t due to lack of demand, but because of the operational complexity involved in launching and managing a program. 💳 CCBank is breaking that mold. With Synctera's credit card infrastructure, CCBank can offer a flexible, modern credit product while maintaining full control over underwriting, pricing, and the customer experience. This enables them to build products designed specifically for the community it serves. Read the full announcement to learn more about the partnership https://lnkd.in/gfQ-GatK Congrats to the CCBank team on this milestone! 🚀

We're excited to join the Financial Technology Association community! As we continue to power the future of finance, we're looking forward to collaborating with others across the FinTech ecosystem on fostering new innovation with compliance and resilience front and center.

Last week, Synctera and Finix hosted a happy hour and fireside chat in San Francisco all about embedded finance. Kian Alavi, CEO of Mazlo, shared his founder journey and candid perspective on what it really takes to build and scale financial products that solve real problems for your customers. It was great to see a room full of founders, operators, and investors in the embedded finance space come together to share insights, trends, and discuss both the opportunities and challenges that platforms have in embedding payments, cards, and banking products. We hope to see you at the next event, stay tuned for more info!

We're excited to partner with InComm Payments to enable our customers to offer in-store cash deposits. Millions of consumers earn cash regularly from tips, gig work, and marketplace sales. Without a way to deposit that cash, they can be stuck putting it in a jar in their house or under their mattress until they need to use it. Using Synctera's APIs, companies building with Synctera can offer a seamless cash deposit user experience. To deposit cash, end-users will: 📱 Open the app and generate a unique barcode  🏪 Walk into a nearby participating retailer  💸 Hand over cash, walk out with funds already in their account No branches. No waiting. No friction. When a banking product becomes the place where all of someone's money lives, cash included, engagement goes up and churn goes down. Read more about the partnership using the link below 🔗 👇 https://lnkd.in/gTpwZpcd