Synctera

Full transparency in banking data and the right tools to perform compliance & payment operations workflows are foundational to successful BaaS partnerships 🤝 In this excerpt of our new guide, Enhancing Sponsor Bank Compliance, we highlight how specific components of the Synctera Platform, including Cases, Insights, Reconciliation, and Disputes, provide sponsor banks with: - Complete data visibility 🔍 - Unified communications and key workflows 📣 - Streamlined payment and compliance operations 🔁 Read the excerpt and download the full guide in the link below 🔗👇 https://lnkd.in/e4d87vPh

Yesterday we hosted a breakfast and panel discussion all about compliance in BaaS and embedded finance 🎤 Our panel of compliance experts and operators at current BaaS banks provided great insights on how they are adjusting to the current regulatory climate and what the future may hold 💡 It was great to see everyone there! 👋

We’re excited to be included in the CB Insights #Fintech100 list for 2024 in the embedded finance category! 🎉 Embedded finance is changing the way people interact with their banking products, enabling seamless banking experiences for businesses and consumers within the platforms they already use on a day-to-day basis. We’re proud to be at the forefront of that innovation, providing the infrastructure that both companies and banks need to partner together to launch great embedded finance products. Check out the link below to see the full list of companies! 🔗 👇 https://lnkd.in/ddsvFEDF

Next week, our CEO, Peter Hazlehurst, will be on stage providing insights into how BaaS can be done right to facilitate financial innovation while staying compliant and protecting end consumers at the same time 💡 🎤 Check out the panel discussion at TechCrunch Disrupt in San Francisco on Monday, October 28th, at 3:20pm. This is one you won’t want to miss! https://lnkd.in/gWmfuVSg

Utilizing FBO accounts enables sponsor banks to provide their FinTech or embedded finance partner better access to data and greater product flexibility. However, this type of account structure also requires careful execution to ensure that accounts are set up properly and the bank has a clear idea of how money is moving throughout the entire program. Our Chief Banking Officer, Dominik W., recently published an article outlining the 4 keys to properly operating an FBO account structure. Check out the full article using the link in the comments 🔗 👇

To effectively manage risk and compliance in sponsor banking, banks need a set of tools purpose-built for the job 🎯 Using the Synctera Platform, banks are equipped with a comprehensive set of tools to perform oversight, manage risk, and centralize data. All of which is needed to operate a compliant BaaS program 🏦 In our latest guide, we highlight our suite of risk and compliance tools that support sponsor banks through every stage of their FinTech and embedded finance partnerships.    Learn about all the compliance tooling we provide to sponsor banks by downloading the full guide in the link below 🔗👇 https://lnkd.in/exH7qKbf

Using SyncteraPay, our customer Priyo Pay recently launched an international wire product for their customers! 🌏 While the Synctera Platform already provides a wide set of payments functionality, SyncteraPay enables our customers to use external payment providers while continuing to benefit from our powerful reconciliation engine and built-in fraud and risk monitoring 🛡 Priyo Pay, who launched a banking solution for customers living in the US and Bangladesh but who work for companies in the US, used SyncteraPay to integrate with an international wire provider that makes it easy for their customers to send money from their USD account to an external account at any Bangladeshi bank. We’re excited to enable Priyo Pay to offer more and more functionality to help their customers seamlessly move money between Bangladesh and the US 💸

Join Synctera and FS Vector next Wednesday (10/23) for a happy hour in Washington DC during DC Fintech Week! The event will feature drinks, light bites, and conversation on all things banking and fintech 🏦 Register for the event using the link below. We’re excited to see you there! 👋 https://lu.ma/gwc4b7fd

Join us at Money20/20 for a breakfast and panel discussion on BaaS and embedded finance! 🎤 For banks currently operating a BaaS program or thinking about entering the space, understanding how to build a program that is ready to scale compliantly is at the forefront of everyone’s minds. We’ve brought together a panel of operators at current BaaS banks and compliance experts to provide insights on how they are adjusting to the current regulatory climate and what the future may hold 💡 The event will be from 8:30am - 10:00am on Monday, October 28th at Liam’s Den (previously Status Lounge) located within The Venetian Resort. Click the link below to register 🔗👇 space is limited so reserve your spot before it fills up! https://lu.ma/0o703uc8

Our customer, Adro, is creating a more seamless financial experience for international students in the U.S. 🎓 💳 Adro was founded on the idea that international students and workers should be able to open and fund a U.S. bank account before they arrive. Then, upon arrival, they can easily receive a debit or credit card and begin spending in U.S. dollars on day one 💸 Since their launch, Adro has onboarded users across 300+ colleges and universities in the United States. Click the link below to learn more about how Adro partnered with Synctera to provide international students easier access to U.S. banking 🔗 👇 https://lnkd.in/eqk3B2Ye