Synapse

Synapse's Platform

Synapse offers a robust banking-as-a-service platform that enables companies to launch feature-complete deposit and credit products. Their platform is API-first, using a RESTful JSON API that simplifies integration and accelerates innovation. By leveraging Synapse's solutions, businesses can easily implement NeoBanking, Lending & Credit, Card Solutions, Global Cash, Wealth Management, Embedded Finance, and Gig Economy services. This comprehensive approach helps companies stay competitive in the rapidly evolving financial technology landscape.

Synapse's Financial Solutions

Synapse provides a wide array of financial solutions tailored to meet the diverse needs of fintech companies. Their offerings include NeoBanking, Lending & Credit, Card Solutions, Global Cash, Wealth Management, Embedded Finance, and Gig Economy services. These solutions are designed to help businesses enhance their financial services, streamline operations, and improve customer engagement. By providing an API-first approach, Synapse ensures that companies can quickly and efficiently integrate these financial solutions into their existing systems.

Synapse's Fintech Stress Test

One of Synapse's innovative offerings is the Fintech Stress Test, which helps fintech companies assess their risk in the event of a bank closure. This tool is crucial for businesses to understand their exposure and plan accordingly, ensuring they can maintain stability and continue operations even during financial disruptions. By proactively evaluating potential risks, fintech companies can develop more resilient strategies and safeguard their assets and customer data.

Synapse's Transaction Volume

Synapse handles an impressive $76 billion in annual transaction volume and processes 91 million transactions annually. This high transaction volume reflects the trust and reliability that Synapse has built among its clients. With 18 million end users, Synapse's platform demonstrates its scalability and capability to manage significant financial activities efficiently. This level of activity underscores the platform's robustness and the effectiveness of its financial solutions in meeting the needs of diverse businesses.

Synapse's Industry Recognition

Synapse has garnered significant industry recognition, being named one of the World's Best Fintech Companies in 2023 by CNBC and Statista. Additionally, Synapse made the Inc. 5000 list for the second consecutive year in 2023, highlighting its rapid growth and sustained performance. These accolades reflect Synapse's commitment to innovation, quality, and excellence in the fintech industry. Such recognition not only enhances the company's reputation but also reassures clients and partners of its industry-leading capabilities.