Synapse and Evolve Bank & Trust on Friday addressed a lengthy Fintech Business Weekly post from Oct. 8 that claimed the companies were at odds with each other…
Synapse operates a platform enabling banks and fintech companies to easily develop financial services. It was providing those types of services as an intermediary between banking partner Evolve Bank & Trust and business banking startup Mercury. When Evolve and Mercury decided to end their respective relationships with Synapse and work directly with each other, each entity had concerns that they were working through, according to the companies.