{"version":1,"type":"rich","provider_name":"Libsyn","provider_url":"https:\/\/www.libsyn.com","height":90,"width":600,"title":"The Collapse of Synapse","description":"Jonah Crane, a partner at Klaros Group and former Treasury Department official, breaks down the recent collapse of fintech company Synapse, which has left thousands of customers without access to their funds. Crane also reflects on the regulatory response and the broader impact Synapse\u2019s failure will have on Banking as a Service. Lee\u2019s X: @leereiners Jonah\u2019s X: @JonahCrane Related Links Klaros Group: https:\/\/www.klaros.com\/ Does BaaS have a future: https:\/\/www.klaros.com\/post\/does-baas-have-a-future   Nearly $109 million in deposits held for fintech Yotta\u2019s customers vanished in Synapse collapse, bank says:  https:\/\/www.cnbc.com\/2024\/06\/21\/synapse-collapse-nearly-109m-in-yotta-customer-deposits-vanish.html   Abrupt shutdown of financial middleman Synapse has frozen thousands of Americans\u2019 deposits:  https:\/\/apnews.com\/article\/synapse-evolve-bank-fintech-accounts-frozen-07ecb45f807a8114cac7438e7a66b512 ","author_name":"The FinReg Pod","author_url":"http:\/\/thefinregpod.libsyn.com\/website","html":"<iframe title=\"Libsyn Player\" style=\"border: none\" src=\"\/\/html5-player.libsyn.com\/embed\/episode\/id\/31954832\/height\/90\/theme\/custom\/thumbnail\/yes\/direction\/forward\/render-playlist\/no\/custom-color\/88AA3C\/\" height=\"90\" width=\"600\" scrolling=\"no\"  allowfullscreen webkitallowfullscreen mozallowfullscreen oallowfullscreen msallowfullscreen><\/iframe>","thumbnail_url":"https:\/\/assets.libsyn.com\/secure\/item\/31954832"}